Wall Street Strategies
Hello! Sign in or Register


Afternoon Note

Wait and See

By Karina Hernandez, Senior Research Analyst
8/9/2024 1:02 PM

All major indices are slightly down so far today, with the Russell 2000 (RUT) declining the most. The RUT is currently down -0.54%.

In the treasury market, the 10-year yield gave up yesterday’s gains.

Only five out of eleven sectors are in the green so far today. The biggest winner this afternoon is Health Care (XLV), followed closely by Real Estate (XLRE). Industrials (XLK) saw the steepest decline so far today.

Market breadth is mostly even in the NYSE. There is an uptick in volume on the Nasdaq Composite which highlights the frenzied nature of investors chasing performance at the moment.

Market Breadth

NYSE

NASDAQ

Advancers

1,215

1,549

Decliners

1,536

2,374

New Highs

40

44

New Lows

45

123

Up Volume

748.5 million

1.93 billion

Down Volume

730.2 million

1.34 billion

Feels like more of the same kind of wait-and-see into the CPI report this week.
 

Log In To Add Your Comment

PREVIOUS COMMENTARY

9/16/2024 1:19 PMChanging of the Guard
9/16/2024 10:14 AMSTOCK MARKET ROARS INTO RATE CUTS
9/13/2024 1:00 PMPicking Up Momentum
9/13/2024 9:48 AMSUPERHEROES
9/12/2024 1:02 PMSmall Caps Take The Lead
9/12/2024 9:55 AMTECH SAVES THE DAY
9/11/2024 1:05 PMCPI Fears
9/11/2024 9:57 AMTHE ECONOMY IS UNWELL
9/10/2024 1:17 PMSea of Red
9/10/2024 9:54 AMFEELING BUSHWACKED
9/9/2024 1:12 PMA Green Monday
9/9/2024 9:43 AMWHATEVER, JANET
9/6/2024 1:27 PMTopsy-Turvy Market
9/6/2024 9:49 AMALL HELL TO BREAK LOOSE
9/5/2024 1:34 PMLacking Conviction
9/5/2024 10:07 AMLOOKING FOR MOXIE
9/4/2024 1:34 PMCooling Down
9/4/2024 9:38 AMCLOBBERED!
9/3/2024 12:55 PMHissy Fit
9/3/2024 9:37 AMWILL THE RALLY KEEP ROLLING?
8/30/2024 1:25 PMEnd of Summer
8/30/2024 9:44 AMFEELING THE WARMTH
8/29/2024 1:27 PMRallying even as NVDA fades
8/29/2024 9:45 AMNOT MEDIOCRE BUT EXPECTATIONS WERE SKY HIGH
8/28/2024 1:54 PMNvidia Day
More commentary archives
Home | Products & Services | Education | In The Media | Help | About Us |
Disclaimer | Privacy Policy | Terms of Use |
All Rights Reserved.

 
×