Afternoon Note
By Charles Payne, CEO & Principal Analyst
11/11/2020 1:46 PM
The major indices are higher, led by the tech-heavy Nasdaq, which is now up 1.7%. The index rebounded from previous sessions’ losses, boosted by tech shares that had been dumped earlier this week. FAANG stocks are all up more than 1%, with Apple (AAPL) leading, +1.9%. The Dow recovered from a volatile start that sent the index down 24 points, but it is now up 87 points.
Small-cap Russell 2000 pared its gains after a two-day rally, which was driven by hopes that a return to normalcy would be on the horizon after the vaccine news from Monday.
Energy is under pressure today, even as oil prices gain.
|
S&P 500 Index |
+0.84% |
|
|
Communication Services XLC |
+0.74% |
|
|
Consumer Discretionary XLY |
+1.13% |
|
|
Consumer Staples XLP |
+0.94% |
|
|
Energy XLE |
-1.35% |
|
|
Financials XLF |
-0.52% |
|
|
Health Care XLV |
+0.34% |
|
|
Industrials XLI |
-0.77% |
|
|
Materials XLB |
-1.59% |
|
|
Real Estate XLRE |
+1.03% |
|
|
Technology XLK |
+2.36% |
|
|
Utilities XLU |
Breadth is mixed, advancers and decliners are pretty much neck and neck on the NYSE, while Nasdaq is overwhelmingly positive. Companies making new 52-week highs are blowing away new lows.
|
Market Breadth |
NYSE |
NASDAQ |
|
Advancing |
1,492 |
1,803 |
|
Declining |
1,507 |
1,602 |
|
52 Week High |
40 |
81 |
|
52 Week Low |
3 |
5 |
|
Up Volume |
787.85M |
1.25B |
|
Down Volume |
1.40B |
702.21M |
It is a relatively quiet session as we honor our veterans. Thank you for your service to this great nation.
| Comments |
| THANK YOU FOR YOUR SERVICE TO OUR COUNTRY CHARLES!!!!! CELEBRATING YOU TODAY!!! Paula Caras on 11/11/2020 3:02:56 PM |
| Thank you so much Paula. CP Charles Payne on 11/11/2020 3:06:45 PM |
| Thank you for your SERVICE Charles !!! Liz Clark on 11/11/2020 3:03:27 PM |
| Thank you so much Liz Charles Payne on 11/11/2020 3:05:47 PM |
| What do you think about DraftKings 30-60 days out ? Angelo Kambitsis on 11/11/2020 3:08:37 PM |
| Not sure...they announced raising money and the stock was derailed and struggling. We like PENN. Charles Payne on 11/11/2020 3:14:59 PM |
| Charles, Thank you for your service to this great nation. Wish you and yours well. Anita Ariail on 11/11/2020 3:17:16 PM |
| Thank you Charles for your service and for your financial wisdom over all these years. I was so excited when your program moved to it’s current time slot before the closing bell a few years ago. Wish you could do two hours.. Cheers Matthew Rattay on 11/11/2020 4:48:22 PM |
| Thanks for your service Charles on this Veterans Day.I also enjoyed the outhouse-woodshed segment on the show today. Thanks Bill Finland Bill Finland on 11/11/2020 6:45:46 PM |
| Thanks so much Bill...I had fun with it for sure. CP Charles Payne on 11/11/2020 6:53:42 PM |
| Charles you are the best! And a veteran to boot! Patricia Heng on 11/11/2020 7:43:08 PM |
| Thank you for your service - btw keep up the great work Craig Hamer on 11/11/2020 8:00:53 PM |
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