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Afternoon Note

Stocks Bounce

By Karina Hernandez, Senior Research Analyst
4/4/2024 1:42 PM

Solid action in the market today with the Nasdaq and S&P 500 trading at their best levels of the session.

All sectors are in green with Consumer Discretionary and Technology leading.

Market breadth is positive with more new highs than new lows on the NYSE and NASDAQ.

Market Breadth

NYSE

NASDAQ

Advancers

2,120

2,833

Decliners

672

1,265

New Highs

220

156

New Lows

7

57

Up Volume

1.34 billion

1.88 billion

Down Volume

419.3 million

940.9 million

We have many Fed speakers today, from early morning into the end of the day. Most officials are following remarks by Fed Chair Powell from yesterday.

*Goolsbee Sees Inflation Still on Track To 2% Goal

*Barkin Says Fed Has Time to Gain Clarity Before Cutting

 


 

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