Afternoon Note
The three major indices were shifting between small gains and losses after Netflix (NFLX) fell more than 7% on earnings and Consumer Sentiment came at 73.2, below consensus of 78.1, and just 1.4% higher the low from April. Renewed concerns from the spike in Covid-19 cases and states rolling back reopening and restrictions has caused renewed concern. Another aggressive fiscal response is urgently needed. Without action, another plunge in confidence and a longer recession is likely to occur.
For the week, the Dow Jones is on track to gain near 2.25% and the S&P 500 near 0.9%, while the Nasdaq is likely to end near 1.7% lower as the big momentum and growth names take a breather. Utilities are the best performers today as investors get more defensive, with the top gainers Centrais Eletricas Brasileiras S.A. - Eletrobras (EBR) up 10%, and TerraForm Power, Inc. (TERPM) up 3%.
S&P 500 Index |
+0.19% |
|
Communication Services (XLC) |
-0.70% |
|
Consumer Discretionary (XLY) |
-0.62% |
|
Consumer Staples (XLP) |
+0.54% |
|
Energy (XLE) |
-0.81% |
|
Financials (XLF) |
-0.33% |
|
Health Care (XLV) |
+1.36% |
|
Industrials (XLI) |
+0.59% |
|
Materials (XLB) |
+0.82% |
|
Real Estate (XLRE) |
+1.19% |
|
Technology (XLK) |
+0.42% |
|
Utilities (XLU) |
+1.77% |
Advancers are outpacing decliners and 52-week highs are still the leading the way.
Issues: |
NYSE |
NASDAQ |
Advancing |
1,718 |
2,091 |
Declining |
1,204 |
1,162 |
Issues at: |
||
52 Week High |
65 |
99 |
52 Week Low |
0 |
11 |
Volume: |
||
Advancing |
789.97M |
1.62B |
Declining |
1.04B |
718.00M |
Comments |
Charles, I invested $28k into deac which turn into dkng. My gross value is now over $70k not bad in these times if u are a small investor. My last buy was inmd at $32 & sold at $54. obviously I do a lot of homework. ur show is my favorite. ur the best on TV. Mike michael guggino on 7/18/2020 2:07:18 PM |
why would the left be burning down the house if they thought they were going to win the election? you only burn the house down if you think the opposition is going to win... so when the opposition wins they have no house after their victory. prettydirect on 7/19/2020 9:16:37 AM |
Tweet |
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 |
4/8/2024 7:19 AM | IT’S ECLIPSE DAY |
4/5/2024 1:51 PM | Higher and Cheaper |
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