Afternoon Note
Well it did it. The S&P 500 has broken through its all-time high set on February 19 prior to the pandemic. Let’s see if it can maintain this into the close. The market remains mixed, and the Dow is down again. FAANG stocks are one charging higher. Amazon (AMZN) is up another 3.5% today in part to good news from other retailers who reported earnings. AMZN also announced it would be expanding its offices in 6 U.S. cities, which would create 3,500 corporate jobs.
Gold is on the rise, adding another 1%, and topping $2016 an ounce as the greenback continues to decline, down $0.54 to $92.31. The 10-yr yield is trading slightly lower to 0.66% and adding additional pressure to the Financial sector. A downgrade of Citigroup (C) to Sell is not helping either. Communication Service and Consumer Discretionary lead the way higher while, Energy, Utilities, Financials and Industrials lag.
+0.26% |
||
Communication Services (XLC) |
+0.56% |
|
Consumer Discretionary (XLY) |
+0.52% |
|
Consumer Staples (XLP) |
+0.50% |
|
Energy (XLE) |
-0.66% |
|
Financials (XLF) |
-0.36% |
|
Health Care (XLV) |
+0.15% |
|
Industrials (XLI) |
-0.31% |
|
Materials (XLB) |
0.00 |
|
Real Estate (XLRE) |
+0.19% |
|
Technology (XLK) |
+0.32% |
|
Utilities (XLU) |
-0.46% |
Breadth is negative today and down volume exceeds up on the NYSE. New highs however are far outpacing the new lows.
Issues: |
NYSE |
NASDAQ |
Advancing |
1,209 |
1,236 |
Declining |
1,732 |
2,048 |
Issues at: |
||
52 Week High |
80 |
120 |
52 Week Low |
8 |
16 |
Volume: |
||
Advancing |
689.73M |
902.45M |
Declining |
1.10B |
876.64M |
Tweet |
3/28/2024 1:39 PM | Fruitful Quarter |
3/28/2024 9:50 AM | LISTEN TO THE MARKET |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
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