Afternoon Note
The major indices are rebounding from earlier losses. Yields continue to climb, and cryptocurrencies continue their sell off. With the S&P 500, Nike’s (NKE) decline was offset by gains in cruise line-operator Carnival (CCL).
Energy is the big winner as oil hit the $74 level, the highest since July 13th. On the other hand, Real Estate is the biggest loser as yields spike.
S&P 500 Index |
+0.07% |
|
Communication Services XLC |
+0.57% |
|
Consumer Discretionary XLY |
+0.17% |
|
Consumer Staples XLP |
|
-0.06% |
Energy XLE |
+0.93% |
|
Financials XLF |
+0.72% |
|
Health Care XLV |
|
-0.45% |
Industrials XLI |
+0.26% |
|
Materials XLB |
+0.16% |
|
Real Estate XLRE |
|
-1.10% |
Technology XLK |
|
-0.11% |
Utilities XLU |
|
-0.15% |
Market breadth is mixed today despite new highs outpacing new lows.
Market Breadth |
NYSE |
NASDAQ |
Advancing |
1,575 |
1,859 |
Declining |
1,623 |
2,298 |
52 Week High |
65 |
72 |
52 Week Low |
37 |
57 |
Up Volume |
983.29M |
1.26B |
Down Volume |
813.06M |
1.14B |
The S&P 500 looks to hold onto weekly gains after a difficult start. Surprisingly, according to Bank of America, this week traders pulled $28.6 billion from equity funds. This was the largest redemption since February 2018.
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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