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Tech Sector Powers Nasdaq Higher with Apple Passing US$1 Trillion Market Cap

Aug 02, 2018

US Market Snapshot

  • The S&P 500 finished up 0.49%, Nasdaq Composite up 1.24%, and Russell 2000 up 0.77%        
  • Tech (+1.37%), Consumer Staples (+1.08%), and Consumer Discretionary (+0.63%) stocks were the top performers in the S&P 500 today        
  • Energy (-0.52%), Real Estate (-0.53%), and Materials (-0.72%) stocks were the worst performers in the S&P 500 today        
  • Investor sentiment for US stocks finished positive with the advance/decline ratio for the S&P 500 closing at 1.73x        
  • 60 stocks in the S&P 500 hit 4-week highs while 38 stocks reached 4-week lows        
  • 29 stocks in the S&P 500 closed overbought while 18 stocks closed oversold according to the 16-day RSI Measure        
  • 89 stocks in the Nasdaq Composite hit 4-week highs while 177 stocks reached 4-week lows        
  • 186 stocks in the Nasdaq Composite closed overbought while 432 stocks closed oversold according to the 16-day RSI Measure        
  • The VIX finished flat at 12.19 after closing at 13.15 yesterday    

US Treasuries

  • US 2-Year Treasury Notes are higher with yields down -1.62 basis points to 2.6614%        
  • US 5-Year Treasury Bonds are higher with yields down -2.2 basis points to 2.8531%        
  • US 10-Year Treasury Bonds are higher with yields down -2.05 basis points to 2.9859%                
  • The US Treasury 2s-10s Spread has narrowed 0.43 basis points to 0.32%        
  • US Treasury 5s-10s Spread has widened 0.15 basis points to 0.13%       

Commodities

  • WTI Crude is up 1.92% to USD$68.96/bbl with the Brent-WTI spread down USD$-0.83 to USD$3.62/bbl        
  • Gold is down -0.59% to USD$1208.75/oz

Currencies

  • EUR€ is down 0.626% against the USD$ in after hours to 1.1587        
  • GBP£ is down 0.838% against the USD$ in after hours to 1.3017        
  • CHF is down 0.347% against the USD$ in after hours to 1.0045        
  • JPY¥ is little changed 0.072% against the USD$ in after hours to 111.65  

Stocks Trending in the News

Click name for Q-Factor rating and financial data.

  • Activision (ATVI) reported the sale of 2 more franchises to its Overwatch live-action video game league.  2Q results were also reported with US$0.41 EPS coming ahead of US$0.35 expected
  • Kellogg (K) posted 2Q results above expectations and reaffirmed expectations of 5-7% comparable operating profit growth in 2018
  • Sonos (SONO) rose 32% closing at US$19.91 after its IPO was placed at $15, below the original price range of the offering.
  • Willis Towers (WLTW) 2Q EPS came a touch below expectations, printing at US$1.70 vs US$1.71 consensus while revenue of US$1.99bn was in line.  Management sees fiscal year 2018 revenue growing 3% with EPS of US$9.88-10.12

US Markets End of Day Snapshot

Data in Price Return; Source: Stockdio

S&P 500 Sector ETFs - End of Day

Data in Price Return; Source: Stockdio

Russell 1000 Factor ETFs - End of Day