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Afternoon Note

Waiting for Nike Results

By Karina Hernandez, Senior Research Analyst
6/27/2022 1:57 PM

Stocks struggling to rebound as the Street prepares to wrap up the worst fist half for stocks in decades. The three major indices are in red territory with Nasdaq being the worst performer this afternoon.

Only four sectors are higher, led by Energy, while Communication Services is the biggest decliner.

S&P 500 Index                



Communication Services XLC



Consumer Discretionary XLY



Consumer Staples XLP



Energy XLE



Financials XLF



Health Care XLV



Industrials XLI



Materials XLB



Real Estate XLRE



Technology XLK



Utilities XLU



After an unexpected rise in durable goods orders in May and pending home sales, the Dallas Fed’s Manufacturing Survey in June plunged to its lowest since May 2020.

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Lots of see sawing today, as we wait for Nike’s (NKE) results, which should give us a glimpse of the consumer and supply chains.

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