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 |
7/26/2024 1:36 PM | Friday Recovery |
7/26/2024 9:29 AM | WRAPPED AROUND YOUR FINGER |
7/25/2024 12:58 PM | A Look at GDP |
7/25/2024 9:57 AM | TURNING THE PAGE ON RESOLVE |
7/24/2024 1:49 PM | Vulnerable Market |
7/24/2024 9:47 AM | Mega Misses |
7/23/2024 1:04 PM | Lay Summer Session |
7/23/2024 9:25 AM | MOST EXPANSIVE BREADTH = GREATER OPTIMISM |
7/22/2024 1:23 PM | Rebounding |
7/22/2024 9:47 AM | WILL THE HUNT FOR VALUE CONTINUE? |
7/19/2024 1:32 PM | Under Pressure |
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7/18/2024 1:30 PM | All Eyes on Netflix |
7/18/2024 10:18 AM | BIG BETS ON TRUMP TRADE |
7/17/2024 1:37 PM | Technology Troubles |
7/17/2024 9:59 AM | EMPHATIC! |
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7/16/2024 9:52 AM | NEW KIND OF WINNING |
7/15/2024 1:32 PM | Small Caps On The Move |
7/15/2024 9:50 AM | FULL SPEED AHEAD |
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7/12/2024 9:48 AM | IT’S GOOD TO BE THE KING |
7/11/2024 1:25 PM | Equal Weight Comeback? |
7/11/2024 9:42 AM | CALLING ALL STOCKS |
7/10/2024 1:15 PM | Rally Broadens |
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