Afternoon Note
The major indices took off after the jobs report and haven’t looked back and are up close to 1% on the day. All sectors are in the green higher, except for Energy, with Technology, Healthcare and Communications Services leading the way.
S&P 500 Index |
+0.95% |
|
Communication Services (XLC) |
+1.01 |
|
Consumer Discretionary (XLY) |
+0.64% |
|
Consumer Staples (XLP) |
+0.79% |
|
Energy (XLE) |
|
-0.21% |
Financials (XLF) |
+0.87 |
|
Health Care (XLV) |
+1.17% |
|
Industrials (XLI) |
+0.60% |
|
Materials (XLB) |
+0.66% |
|
Real Estate (XLRE) |
+0.20% |
|
Technology (XLK) |
+1.25% |
|
Utilities (XLU) |
+0.84% |
Fed Chair Powell will be speaking at 2, and depending on what he says, the markets could get an even bigger lift. For now the major indices are up:
On the economic front, according the U.S. Bureau of Economic Analysis (BEA), the U.S. monthly international good and services trade deficit increased in August 2019 from $54.0 billion in July (revised) to $54.9 billion in August, as imports rose more than exports. The goods deficit increased $0.8 billion in August to $74.4 billion, while the services surplus decreased less than $0.1 billion in August to $19.5 billion.
The average goods and services deficit declined $0.3 billion to $54.8 billion for the three months ending in August.
Year-over-year, the average goods and services deficit rose $3.2 billion from the three months ending in August 2018.
Tweet |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|