Afternoon Note
This morning’s, somehow relatively pleasing economic data has been overshadowed by ongoing concerns about growth, debt ceiling uncertainty and angst about regional banks. About the latter, the regional bank index (KRE) has been exactly one day in the green so far, the pain is not over.
Strength in the mega cap stocks has boosted Nasdaq and Communication Services (XLC) into positive territory. Alphabet (GOOG/L) continues its strong momentum following yesterday’s Developers Conference. Amazon.com (AMZN) continues its run after clearing resistance.
Decliners leading advances, most notable at NYSE with an almost 3-to-1 margin.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
819 |
1,529 |
Decliners |
2,073 |
2,667 |
New Highs |
26 |
62 |
New Lows |
73 |
182 |
Up Volume |
535.14 million |
1.30 billion |
Down Volume |
1.33 billion |
1.24 billion |
Tweet |
5/9/2025 1:15 PM | Friday Fluctuations |
5/9/2025 9:25 AM | SO MUCH EXCITEMENT |
5/8/2025 1:49 PM | First Trade Deal |
5/8/2025 9:37 AM | POWELL SEES NOTHING |
5/7/2025 12:53 PM | Powell Under Pressure |
5/7/2025 9:48 AM | THE LUXURY OF BEING GREEDY |
5/6/2025 1:20 PM | Anxiety Continues |
5/6/2025 9:45 AM | ANXIETY RETURNS |
5/5/2025 1:18 PM | Market Consolidating |
5/5/2025 9:41 AM | MID-CAP MUSCLE |
5/2/2025 1:19 PM | Labor Market Resilience |
5/2/2025 9:57 AM | BACK TO THE STARTING LINE |
5/1/2025 1:31 PM | Big Tech Resilience |
5/1/2025 9:52 AM | MAMA SAID |
4/30/2025 1:35 PM | Midday Recovery |
4/30/2025 9:52 AM | BIG HITTERS ON DECK |
4/29/2025 1:49 PM | Fluctuating |
4/29/2025 9:48 AM | BUY SIGNALS & RECESSION TALK |
4/28/2025 1:22 PM | Earnings Angst |
4/28/2025 10:03 AM | BIG TEST |
4/25/2025 1:16 PM | Quiet Friday |
4/25/2025 9:57 AM | HYSTERIA TO HOPE |
4/24/2025 1:12 PM | Solid Session |
4/24/2025 9:35 AM | VIOLENT SWINGS AND THE RECOVERY |
4/23/2025 1:45 PM | Fears Ease |
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