Afternoon Note
Nasdaq has almost recovered the entirety of the sell-off of yesterday thanks to outsized gains from NVIDIA (NVDA). On the other hand, the Dow is in red dragged by a 7% drop in Intel (INTC), which competes with NVIDIA and Advanced Micro Devices (AMD) in the data center space.
Debt ceiling talks continue, and U.S. Representative Kevin Hern believes a debt limit deal could be reached tomorrow morning. To this, House Speaker McCarthy said today “we worked well past midnight last night. And yesterday, I thought, was a very good day. We made some progress.” It’s a wait-and-see game.
Consumer Staples is leading the pack of worst performers with Dollar Tree (DLTR) down 10% after the company lowered its profit outlook due to shrink-theft, damage, and other losses.
Market breadth is negative with decliners leading advancers by an almost 2-to-1 margin at the NYSE and NASDAQ.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
829 |
1,235 |
Decliners |
2,074 |
2,992 |
New Highs |
26 |
62 |
New Lows |
129 |
159 |
Up Volume |
564.17 million |
1.19 billion |
Down Volume |
1.53 billion |
1.54 billion |
Tweet |
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 |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|