Afternoon Note
It's been a nice day for the bulls all around, helped in part by M&A activity and news of a Covid-19 vaccine potentially available in October. After being hit hard the past few session, Communication Services and Technology stocks are back in vogue.
The Nasdaq is outperforming up almost 2%, followed by the S&P 500, +1.4, and the Dow +1.3%. The Dow has given up some ground though as Apple (AAPL) pulled back from its session high. Tomorrow Apple is hosting its New Product Special Event 2020 at his NY headquarters.
All 11 S&P sectors are in the green with Real Estate and Financials leading the way higher. Energy is up today despite WTI crude continuing its decline. OPEC reduces its global demand forecast for the current year as well as its outlook for 2021. to decrease in value after OPEC reduced its global demand forecast for this year and its outlook for 2021.
S&P 500 Index |
+1.41% |
Communication Services (XLC) |
+1.10% |
Consumer Discretionary (XLY) |
+1.20% |
Consumer Staples (XLP) |
+1.05% |
Energy (XLE) |
+1.38% |
Financials (XLF) |
+2.19% |
Health Care (XLV) |
+1.82% |
Industrials (XLI) |
+1.48% |
Materials (XLB) |
+1.49% |
Real Estate (XLRE) |
+2.59% |
Technology (XLK) |
+1.99% |
Utilities (XLU) |
+1.57% |
Issues: |
NYSE |
NASDAQ |
Advancing |
2,525 |
2,694 |
Declining |
481 |
686 |
Issues at: |
||
52 Week High |
56 |
47 |
52 Week Low |
9 |
17 |
Volume: |
||
Advancing |
1.57B |
1.75B |
Declining |
281.81M |
288.08M |
The benchmark U.S. Treasury is relatively flat today, at 0.66%. The greenback is losing ground down 0.3% to 93.01.
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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 |
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