Afternoon Note
A nice session thus far with all sectors in the mix. Communication Services is leading the way, as Wall Street praises Netflix’s (NFLX) results that showed healthy gains in subscriber growth, led by a strong content slate.
Existing Home Sales
Down for the eleventh month in a row, existing home sales declined 1.5% month to month. This is the longest stretch since 1999, as buyers continue to face high mortgage rates and scarce inventory.
Market breadth is fairly positive with advancers leading decliners by a roughly 2-to-1 margin at both the NYSE and the Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
2,128 |
2,980 |
Decliners |
902 |
1,413 |
New Highs |
31 |
67 |
New Lows |
15 |
26 |
Up Volume |
1.41 billion |
2.77 billion |
Down Volume |
422.53 million |
634.6 million |
A large batch of expiring options may add a bit of volatility into the close.
Tweet |
4/25/2024 9:27 AM | THERE CAN ONLY BE ONE |
4/24/2024 1:30 PM | Earnings Flood In |
4/24/2024 9:26 AM | BUYING THE DIP |
4/23/2024 1:25 PM | Bloom Off Rose |
4/23/2024 9:32 AM | WHAT HAPPENED TO THE BRAVADO? |
4/22/2024 1:22 PM | Pins and Needles |
4/22/2024 9:30 AM | LIVE BY THE SWORD … |
4/19/2024 1:20 PM | Fair Chunk of Rotation |
4/19/2024 9:35 AM | DON’T OVERREACT |
4/18/2024 1:37 PM | Didn’t Break Down |
4/18/2024 9:40 AM | MARKET OFF SCRIPT |
4/17/2024 1:59 PM | Facing Pressure |
4/17/2024 9:37 AM | POWELL STILL WANTS TO HELP |
4/16/2024 1:35 PM | Muted |
4/16/2024 9:42 AM | FEAR ARRIVES |
4/15/2024 1:17 PM | Making a Statement |
4/15/2024 9:45 AM | Equal Opportunity Drubbing |
4/12/2024 1:37 PM | Pressure Overall |
4/12/2024 9:42 AM | WHO YA GONNA CALL? |
4/11/2024 1:38 PM | No Urgency |
4/11/2024 9:27 AM | Tough Sledding |
4/10/2024 1:22 PM | Hang In There |
4/10/2024 9:51 AM | HERE COMES THE LATEST RATIONALE FOR PERSISTENT INFLATION |
4/9/2024 1:56 PM | Fighting the Trend |
4/9/2024 9:46 AM | NEXT TIME, MAKE IT A HOLIDAY |
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