Briefing
Market Snapshot
| Dow | 46564.63 | +224.23 | (0.48%) |
| Nasdaq | 21840.96 | +250.32 | (1.16%) |
| SP 500 | 6577.41 | +46.80 | (0.72%) |
| 10-yr Note | |||
| NYSE | Adv 1791 | Dec 951 | Vol 1.30 bln |
| Nasdaq | Adv 3083 | Dec 1718 | Vol 8.83 bln |
Industry Watch
| Strong: Industrials, Materials, Communication Services, Information Technology, Health Care |
| Weak: Energy, Consumer Staples |
Moving the Market
--Lingering optimism around a potential end to the conflict in Iran --Oil prices moving lower again today --Broad strength and solid leadership across mega-cap and tech names |
- Broad market gains driven by ceasefire hopes between U.S. and Iran.
- Major averages saw a midday pullback due to conflicting negotiation reports, then stabilized.
- DJIA briefly traded above its 200-day moving average but failed to close above it.
- Oil prices retreated, settling lower and continuing downward post-session.
- Energy sector faced a sharp retreat; consumer staples also lower.
- Communication Services and Information Technology sectors led gains.
- Mega-cap stocks showed continued strength.
- Semiconductor names performed strongly, boosting the IT sector.
- NIKE plunged due to weak guidance despite topping earnings.
- Eli Lilly surged on FDA approval of new weight-loss drug.
- Geopolitical uncertainty remained high, awaiting President Trump's address.
- U.S. Treasuries saw narrow range volatility with slim losses.
- Key economic data: strong ADP Employment Change, solid Retail Sales, ongoing manufacturing expansion with price increases.
- Market looks to start Q2 on a higher note after March losses.
- Upcoming market closure for Good Friday.
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