Afternoon Note
Stocks traded choppily as investors digested a host of earnings results and next moves from policymakers to support the economy. The Dow Jones failed to hold early gains with only 8 stocks in the green, led by Intel (INTC) who is drifting towards the $60 level. The S&P 500 retreated about 0.15% whilst the Nasdaq is flat.
Among the notable market moves this morning, Bitcoin (BTC) rose to a new record high, driven by additional signs of broader private sector adoption of the cryptocurrency as a potential medium of exchange.
Energy paired gains as OPEC said it expects demand for crude to rise by 5.8 million barrels a day in 2021, down 100k barrels from its January forecast. Technology is the only sector in green with semiconductors leading. A group of U.S. chip companies sent a letter to President Biden urging him to provide “substantial funding for incentives for semiconductor manufacturing.”
S&P 500 Index |
|
-0.29% |
Communication Services XLC |
|
-0.54% |
Consumer Discretionary XLY |
|
-0.39% |
Consumer Staples XLP |
|
-0.18% |
Energy XLE |
|
-3.36% |
Financials XLF |
|
-0.86% |
Health Care XLV |
|
-0.05% |
Industrials XLI |
|
-0.96% |
Materials XLB |
|
-0.59% |
Real Estate XLRE |
|
-0.44% |
Technology XLK |
+0.56% |
|
Utilities XLU |
|
-0.47% |
Breadth is bearish this afternoon with down volume on the Nasdaq 2-1 ratio.
Market Breadth |
NYSE |
NASDAQ |
Advancing |
1,201 |
1,536 |
Declining |
1,997 |
2,342 |
52 Week High |
213 |
398 |
52 Week Low |
5 |
7 |
Up Volume |
662.16M |
2.12B |
Down Volume |
1.52B |
5.03B |
We have taken a couple of profits this morning and are up in cash.
Comments |
watched your show today I record & watch later was really impressed with the young man Smith. he's really a fantastic young christian. please send me info on him. love your show & tell others watch william slutz on 2/11/2021 6:58:03 PM |
Thank you so much William. I really appreciate it very much. Here is the info to make a donation to Rodney's charity. CP
weareraisingmen.com/donate/ Charles Payne on 2/11/2021 7:05:07 PM |
Charles I’m a new subscriber but try to catch your noon show our time here in Denver I like your comments and stock picks. Bullock Van on 2/12/2021 10:03:15 AM |
Sincerely appreciate your "Research" and informative guests. Steven D Hungerford on 2/12/2021 2:23:05 PM |
Tweet |
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 |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|