Afternoon Note
Its been a relatively lackluster day as is often the case after a 3-day weekend. The markets are now currently in the green, with the S&P leading the way. The Communication Services Sector is enjoying a good day thanks in part to the FAANG stocks, which are performing well. Netflix (NFLX) is up nicely, around 1.5%.
S&P 500 Index |
+0.19% |
Communication Services (XLC) |
+0.32% |
Consumer Discretionary (XLY) |
+0.45% |
Consumer Staples (XLP) |
+0.81% |
Energy (XLE) |
+0.32% |
Financials (XLF) |
-0.01% |
Health Care (XLV) |
+0.02% |
Industrials (XLI) |
-0.03% |
Materials (XLB) |
+0.70% |
Real Estate (XLRE) |
+0.04% |
Technology (XLK) |
+0.13% |
Utilities (XLU) |
+0.33% |
Advancers led decliners 1888/951 on the NYSE and on the Nasdaq 1874/1079.
On the economic front, the NAHB Housing Market Index for February came in at 62 up from 58 in January, topping estimate of 59. Lower interest rates leading to a reduction in mortgage rates coupled with consumer confidence from a strengthening job market helped increase builder confidence for newly built single-family homes.
Speaking of interest rates, the 10-year U.S. Treasury is down .94% to 2.64%. The dollar has also given up a bit of ground today, currently trading down .20% to 96.56, while oil is moving higher to $56.87, up 0.87.
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4/26/2024 1:46 PM | Full Steam |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
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