Afternoon Note
You could call today’s session a random walk down Main Street, as the biggest percentage winners include auto dealers (KMX), casinos (MGM), retailers (ROST) and furniture makers (LEG). This has everything to do with the growing anticipation of the economy opening across the country. People need to get to work, and not only the earn money, but to feed their lives. They need the accomplishment and the satisfaction that comes with being productive.
The biggest winners today are Financials, especially regional banks and insurance names. Meanwhile, crude oil is getting crushed down 27%. And yet, the Energy sector is up on the session, led by refiners (which caught an upgrade before the opening bell) and Permian players. Apple (AAPL) and Intel (INTC) are holding the Technology sector back after a report of delays in rolling out the new iPhone.
S&P 500 Index |
+1.25% |
Communication Services XLC |
+0.84% |
Consumer Discretionary XLY |
+2.26% |
Consumer Staples XLP |
+0.31% |
Energy XLE |
+0.65% |
Financials XLF |
+3.01% |
Health Care XLV |
+1.12% |
Industrials XLI |
+1.98% |
Materials XLB |
+1.87% |
Real Estate XLRE |
+2.71% |
Technology XLK |
+0.62% |
Utilities XLU |
+1.59% |
Tweet |
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 |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
4/8/2024 9:45 PM | Cautious Feel |
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