Afternoon Note
It’s a lackluster session with no influential catalyst. The Nasdaq Composite is the only index marginally touching the green.
Only two sectors are in the green, Health Care (XLV) and Communication Services (XLC). The largest laggard is Industrials (XLI), down 0.85%.
The number of openings in the JOLTs report increased to 7.744M in October from 7.372M, and beat consensus estimates of 7.48M. Interestingly, openings in the South and West rose, while openings in the Northeast and Midwest declined. Job openings increased the most in professional and business services, accommodation and food services, and Information services. Notably federal government job openings fell by 26,000.
The number of quits also increased, coming in at 3.326M in October compared to 3.098M last month. This was driven largely by accommodation and food services, with 90,000 more quits, and private education and health, with 47,000 more quits.
In other news, South Korean president Yoon Suk Yeol declared martial law after accusing the opposition party of North Korean sympathies. Following this the Korea Composite Stock Price Index closed trading. Martial law was later repealed by the National Assembly; however, it is still unclear whether their markets will open tomorrow, with the operator saying they are still deciding.
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12/4/2024 1:48 PM | Fed’s Powell on Deck |
12/4/2024 9:53 AM | MEGA CAP TO THE RESCUE (AGAIN) |
12/3/2024 1:29 PM | Lackluster Session |
12/3/2024 9:46 AM | STUMBLING HIGHER |
12/2/2024 12:52 PM | A Year for The Ages |
12/2/2024 9:40 AM | GREED & HOLIDAY CHEER |
11/29/2024 7:08 AM | IT COULD BE A FLIGHTLESS DAY |
11/27/2024 1:34 PM | Sticky Inflation |
11/27/2024 9:57 AM | RALLY BROADENS BUT FOCUS ON QUALITY |
11/26/2024 1:21 PM | Consumer Confidence Improves |
11/26/2024 9:40 AM | SHOTS FIRED |
11/25/2024 12:51 PM | Stocks Rise, Oil Slides |
11/25/2024 9:44 AM | Small-Cap Gains Momentum |
11/22/2024 1:35 PM | Setting For Weekly Gains |
11/22/2024 9:30 AM | THE PARTY WIDENS |
11/21/2024 1:31 PM | No Fear |
11/21/2024 9:38 AM | SOME BOTTOM FISHING AMID ALL THE CHASING |
11/20/2024 1:11 PM | All Eyes on Nvidia |
11/20/2024 9:50 AM | GENERALS TO THE RESCUE |
11/19/2024 1:30 PM | Shaken Off Fears |
11/19/2024 9:37 AM | TERRA FIRMA |
11/18/2024 12:57 PM | Animal Spirits |
11/18/2024 9:35 AM | FAST MOVING DEVELOPMENTS & EMOTIONS |
11/15/2024 1:12 PM | Continued Pressure |
11/15/2024 9:43 AM | CERTAIN CUTS (TRUMP ADMIN) & UNCERTAIN CUTS (POWELL) TRIP RALLY |
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