Afternoon Note
By Charles Payne, CEO & Principal Analyst
4/16/2021 2:03 PM
Major indices saw record highs today in a mixed and tight-ranged session. However, Nasdaq is not joining the party and is trading in negative territory, as interest rates rebound.
Materials is the best performing sector in today’s session driven by strong results from PPG Industries (PPG) along with the strong housing starts/building permits numbers released this morning. Moreover, it is notable the action seeing in lumber today up 2.4% at $1,291.
|
S&P 500 Index |
+0.23% |
|
|
Communication Services XLC |
|
-0.27% |
|
Consumer Discretionary XLY |
+0.67% |
|
|
Consumer Staples XLP |
+0.61% |
|
|
Energy XLE |
|
-0.64% |
|
Financials XLF |
+0.40% |
|
|
Health Care XLV |
+0.48% |
|
|
Industrials XLI |
|
-0.07% |
|
Materials XLB |
+0.88% |
|
|
Real Estate XLRE |
+0.24% |
|
|
Technology XLK |
|
-0.06% |
|
Utilities XLU |
+0.78% |
|
New York’s services sector is showing signs of life. The New York Fed service-sector survey jumped to 30.2, the highest since 2006. Employment moved higher along with Capex intentions. To add, New York Mayor DiBlasio said it’s time for employees to return to the office.
| Tweet |
Log In To Add Your Comment
| 10/17/2025 1:43 PM | Friday Zig Zag |
| 10/17/2025 9:51 AM | They Warned Us About Everything Else |
| 10/16/2025 1:33 PM | Another Intraday Reversal |
| 10/16/2025 9:30 AM | ENCOURAGING BUT NEED MORE |
| 10/15/2025 1:23 PM | Intraday Weakness |
| 10/15/2025 9:53 AM | STRONG “DOWN” DAY |
| 10/14/2025 1:27 PM | Intraday Recovery |
| 10/14/2025 9:45 AM | HO, HO, HO |
| 10/13/2025 1:42 PM | Fears Eased |
| 10/13/2025 9:49 AM | ROUGH BUT NOT HELLISH |
| 10/10/2025 1:48 PM | Chinese Trade Negotiations Reignite |
| 10/10/2025 10:05 AM | BIRTHDAY BREAK |
| 10/9/2025 1:25 PM | Shutdown Continues |
| 10/9/2025 9:53 AM | DOOM PORN DOESN’T DISTRACT INVESTORS |
| 10/8/2025 1:14 PM | FOMC Minutes in Focus |
| 10/8/2025 9:45 AM | DIFFERENT TYPES OF BOTTOM FISHING |
| 10/7/2025 1:34 PM | Taking a Breather |
| 10/7/2025 9:55 AM | LOTS OF CHASING BUT SOME BOTTOM FISHING TOO |
| 10/6/2025 1:36 PM | AMD deal powers Semiconductors |
| 10/6/2025 9:42 AM | ROTATION HAS BEGUN |
| 10/3/2025 1:30 PM | Midday Air Pocket |
| 10/3/2025 9:33 AM | MUSCLE MEMORY & AI FRENZY |
| 10/2/2025 1:34 PM | Searching for Direction |
| 10/2/2025 9:47 AM | A HEALTHY ROTATION |
| 10/1/2025 1:29 PM | Shutdown Resolve |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|