Afternoon Note
All major indices are rallying today with the Dow Jones Industrial Average (DJI) leading the pack.
All sectors are in the green so far on the S&P 500. Industrials (XLI) and Communication Services (XLC) are nearly tied for the best performers. The sector underperforming is Energy (XLE).
Market breadth is decidedly positive, as up volume and advancers dwarf down volume and decliners.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
2,244 |
2,847 |
Decliners |
517 |
1,211 |
New Highs |
176 |
208 |
New Lows |
13 |
51 |
Up Volume |
1.34 billion |
2.27 billion |
Down Volume |
287.65 million |
687.2 million |
The rally is relatively broad with green across the sector. Notably, big tech is recovering from its recent downturn.
Michigan Consumer Sentiment came in at 66.4, beating the consensus estimates of 66, but down from last month’s reading of 68.6.
Have a great weekend.
Tweet |
10/17/2024 1:26 PM | Tech Boost |
10/17/2024 10:03 AM | HERE’S A SONG THAT WE’RE SINGING… |
10/16/2024 1:31 PM | Small Cap Outperforms |
10/16/2024 9:55 AM | CHIPS FALL |
10/15/2024 3:48 PM | The MoneyShow Orlando, October 17-19, 2024 |
10/15/2024 1:32 PM | ASML Weighs on Chip Stocks |
10/15/2024 9:51 AM | TECH NOT READY TO FADE |
10/14/2024 1:32 PM | Entering Earnings Season |
10/14/2024 9:52 AM | STARTING THE WEEK ON A NEW HIGH |
10/11/2024 1:55 PM | New Highs |
10/11/2024 9:53 AM | DOESN’T FEEL LIKE A RAGING BULL |
10/10/2024 1:41 PM | Anti-Climactic Day |
10/10/2024 9:31 AM | MELT UP WITHOUT HEAT |
10/9/2024 1:18 PM | An Apprehensive Market |
10/9/2024 9:57 AM | EMBRACE THE BEAUTIFUL |
10/8/2024 1:07 PM | NVDIA Saves the Day |
10/8/2024 9:51 AM | THE RAFT IN THE STORM |
10/7/2024 1:18 PM | Uncertainty |
10/7/2024 9:48 AM | NOT REAL? WHO CARES? |
10/4/2024 1:14 PM | Jobs Data Pushing Stocks Higher |
10/4/2024 9:58 AM | JOBS DAY (AGAIN) |
10/3/2024 12:47 PM | Oil Surges |
10/3/2024 9:38 AM | WAITING |
10/2/2024 1:23 PM | Holding the Pattern |
10/2/2024 9:34 AM | REIGN OF TERROR |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|