Afternoon Note
Stocks are lower today with the S&P500 and Nasdaq down about 0.5% each Once again, investors are fretting over the potential for interest rates staying higher for longer on the heels of the latest economic data.
Economic Data Highlights
-Exports rose 1.6% to a four-month high of $251.7 billion
-Imports grew 1.7% to $316.7 billion
All eleven S&P500 sectors are in the red with a flight back to the safe havens. Consumer Discretionary, Health Care and Technology are the worst performers. Apple (AAPL) gave up 2% on news that China bans the use of iPhones for officials at central government agencies.
Breadth is decidedly negative, and the new 52 lows are mounting, especially on the Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
911 |
1,246 |
Decliners |
1,915 |
2,801 |
New Highs |
30 |
37 |
New Lows |
72 |
138 |
Up Volume |
409.42 million |
887.33 million |
Down Volume |
1.02 billion |
1.30 billion |
Tweet |
9/28/2023 1:34 PM | Changing the Course |
9/28/2023 9:40 AM | A PAUSE IN THE PULLBACK |
9/27/2023 1:45 PM | Tense Session |
9/27/2023 9:39 AM | KEY TEST OF SUPPORT AHEAD |
9/26/2023 1:21 PM | Typical Tantrum |
9/26/2023 9:50 AM | A LITTLE SPUNK |
9/25/2023 1:59 PM | Yields On the Spotlight Again |
9/25/2023 9:42 AM | GREEN LEAVES |
9/22/2023 1:42 PM | Challenging Week |
9/22/2023 9:44 AM | NOT THE END OF THE WORLD |
9/21/2023 1:33 PM | First Casualties |
9/21/2023 9:46 AM | WAS IT SOMETHING HE SAID? |
9/20/2023 1:32 PM | Ready to Pounce |
9/20/2023 9:54 AM | LOOKING FORWARD TO THE DOT PLOT |
9/19/2023 1:23 PM | Red Letter Day |
9/19/2023 9:40 AM | AMERICAN EXCEPTIONALISM |
9/18/2023 1:32 PM | Tepid Volume |
9/18/2023 9:44 AM | Lots of Angst |
9/15/2023 1:33 PM | Lackluster Session |
9/15/2023 9:44 AM | KEEPING POWELL OUT OF THE GAME |
9/14/2023 1:32 PM | Arm IPO Pops in its debut |
9/14/2023 10:08 AM | CONSUMER CHECKUP |
9/13/2023 1:33 PM | Mixed Bag |
9/13/2023 9:35 AM | MOUNTING TENSION |
9/12/2023 1:49 PM | Big Move in Oil |
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