Afternoon Note
Major indices pared gains after the news came out that Google (GOOGL) will pause its hiring for the rest of the year. The market is seeing the same reaction as similar news from Apple (AAPL) from Monday.
Regardless, all major indices continue to be above its 50-day moving average, although off the highs.
Netflix (NFLX) is providing support on the growth side and making Communication Services the best performing sector.
S&P 500 Index |
+0.52% |
|
Communication Services XLC |
+1.22% |
|
Consumer Discretionary XLY |
+1.10% |
|
Consumer Staples XLP |
-0.69% |
|
Energy XLE |
+0.26% |
|
Financials XLF |
-0.23% |
|
Health Care XLV |
-0.83% |
|
Industrials XLI |
+0.31% |
|
Materials XLB |
-0.35% |
|
Real Estate XLRE |
-0.24% |
|
Technology XLK |
+1.15% |
|
Utilities XLU |
-0.55% |
Don’t look now, but there are serious cracks in the housing boom. Mortgage applications dropped to a 22-year low. Existing home sales for last month swooned down 5.4%, the street was looking for a more modest decline of 1.1%.
If the Fed is looking to curb the wealth effect, it has to bust the housing boom.
Tesla (TSLA) reports after the close, the stock has rallied twice on the same day they reported in the last six quarters.
Earnings Stock Reaction TSLA |
1 Week |
1 Day |
4/20/22 |
-10.4% |
+2.5% |
1/26/22 |
-3.3% |
-11.5% |
10/20/21 |
+20.1% |
+3.4% |
7/26/21 |
+8.2% |
-1.7% |
4/26/21 |
-6.8% |
-4.2% |
1/27/21 |
-1.7% |
-3.9% |
Tweet |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
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 |
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