Afternoon Note
The major indices are mixed but remained on track for solid weekly gains. This morning, President Trump said he hasn’t agreed to roll back import duties on China as part of a phase-one trade deal.
Brick and mortar stock took a hit today led by Gap (GPS). The retailer said its CEO will step down and announced that its fiscal year earnings will come in weaker than expected.
S&P 500 Index |
+0.02% |
|
Communication Services (XLC) |
+0.19% |
|
Consumer Discretionary (XLY) |
-0.07% |
|
Consumer Staples (XLP) |
-0.21% |
|
Energy (XLE) |
|
-0.54% |
Financials (XLF) |
|
0.00% |
Health Care (XLV) |
+0.38% |
|
Industrials (XLI) |
+0.02% |
|
Materials (XLB) |
+0.09% |
|
Real Estate (XLRE) |
+0.03% |
|
Technology (XLK) |
+0.08% |
|
Utilities (XLU) |
-0.50% |
Perhaps the most bullish action of the week came with the 15-basis point move in the ten-year yield on Thursday, which closed at 1.92 yesterday. Today, the yield fell less than a basis point to 1.91%, after starting the week near 1.75.
Tweet |
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 |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
4/9/2024 1:56 PM | Fighting the Trend |
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