Afternoon Note
The market is exhibiting mixed action and is mostly marking time until the jobs report.
The semiconductor index is well off its lows helped by NVIDIA Corporation (NVDA), but other semiconductor stocks like ON Semiconductor Corporation (ON) are dropping sharply.
Ten sectors were in positive territory earlier, but now only five of them are up now. Financials is the best performing sector with Allstate Corp (ALL) being the top performer following this morning’s upgrade on the stock at Morgan Stanley.
Advancers are leading decliners this afternoon with more new highs than lows.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,527 |
2,157 |
Decliners |
1,278 |
1,985 |
New Highs |
59 |
69 |
New Lows |
13 |
68 |
Up Volume |
953.1 million |
1.54 billion |
Down Volume |
743 million |
1.46 billion |
Tweet |
5/7/2024 1:50 PM | Building Gains |
5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
5/6/2024 1:59 PM | Rate Cut Hopes |
5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
5/3/2024 1:41 PM | Cheering the News |
5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
5/2/2024 1:54 PM | Holding Up |
5/2/2024 9:41 AM | COOL HAND POWELL |
5/1/2024 1:22 PM | Which Powell? |
5/1/2024 9:40 AM | MAY DAY, MAY DAY, MAY DAY |
4/30/2024 1:02 PM | Complete Flop |
4/30/2024 9:48 AM | CHIPS TAKE THE LEAD |
4/29/2024 1:39 PM | Musk Rides Back to the Mag Seven |
4/29/2024 9:50 AM | DIE BY THE SWORD, PROSPER BY THE SWORD |
4/26/2024 1:46 PM | Full Steam |
4/26/2024 9:39 AM | BIG TECH STEPS UP |
4/25/2024 1:16 PM | Don't' Bury me, Yet! |
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 |
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