Stock Market News Brief

Daily Stock Market Recap at 10:30, 12:45 and 16:00

Technical, fundamental and statistical analysis of the stock market based on real time price and volume movements, relative performance among sector & industry as well as other economic data.

US Market Recap   Friday, November 1, 2024 4:00 PM

US Market closed the trading session on Friday, November 1, 2024, with BullLabs total market index had a gain of 0.49% from previous day. The trading volume is normal, at 1.07 times of the three-month average daily trading volume.

For the market breadth, a total of 299 or 48% of stocks went up as oppose to 305 or 49% of stocks went down in 624 total stocks tracked by the index. The advance and decline numbers indicate a low level of participation in the market rally.

The Consumer Discretionary sector leads the market with a gain of 2.35%, followed by the Information Technology sector, a sector lagger from the previous session, with a gain of 0.88%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a loss of 1.66%. The flip-flopping between top and bottom sector performers suggests uncertainty and lack of clear direction in the market. In comparing all 69 industrial groups, the Internet & Direct Marketing Retail industry leads the market with a gain of 4.52%, followed by the Life Sciences Tools & Services industry with a gain of 3.42%. The Thrifts & Mortgage Finance industry is the bottom performer with a loss of 7.59%. Growth sectors have led the market to the upside, indicating bullish sentiment.

For major US market indexes, the S&P 500 trades at 5,728.89 with a gain of 0.41%. The tech-dependent Nasdaq Composite index trades at 18,251.53 with a gain of 0.86%. The iconic Dow Jones Industrial Average is at 42,051.80 with a gain of 0.69%. The Russell 3000 index trades at 3,271.05 with a gain of 0.50%.

There are many active stocks with unusual moves today. Waters Corp (WAT) has a gain of 19.83% with high trading volume (5.71 times of regular volume). Atlassian Corp Plc (TEAM) has a gain of 18.97% with high trading volume (5.32 times of regular volume). Charter Communications Inc (CHTR) has a gain of 11.87% with high trading volume (4.15 times of regular volume). Intel Corp (INTC) has a gain of 7.83% with high trading volume (2.17 times of regular volume). Cardinal Health Inc (CAH) has a gain of 7.03% with high trading volume (2.04 times of regular volume). Amazon.com Inc (AMZN) has a gain of 6.16% with high trading volume (2.73 times of regular volume). Dayforce (DAY) has a gain of 5.98% with high trading volume (2.06 times of regular volume). Teleflex Inc (TFX) has a gain of 5.66% with high trading volume (2.98 times of regular volume). Twilio Inc (TWLO) has a gain of 5.16% with high trading volume (3.47 times of regular volume). Coterra Energy Inc. (CTRA) has a loss of 5.16% with high trading volume (2.02 times of regular volume). Entergy Corp. (ETR) has a loss of 6.43% with high trading volume (2.20 times of regular volume). Amcor Plc (AMCR) has a loss of 7.73% with high trading volume (2.21 times of regular volume). AES Corp (The) (AES) has a loss of 9.91% with high trading volume (4.06 times of regular volume). Peloton Interactive Inc (PTON) has a loss of 14.71% with high trading volume (2.66 times of regular volume).

Bull Total Market Index intraday chart



US Market Highlight   Friday, November 1, 2024 12:45 PM

At the middle of the trading day on Friday, November 1, 2024, US Market pulls back from the earlier gain, trades up with BullLabs total market index had a gain of 0.77% from previous day. The trading volume is slightly higher than normal, at 1.12 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 375 or 60% of stocks went up as oppose to 228 or 37% of stocks went down in 624 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.

The Consumer Discretionary sector leads the market with a gain of 2.49%, followed by the Information Technology sector, a sector lagger from the previous session, with a gain of 1.24%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a loss of 0.70%. The flip-flopping between top and bottom sector performers suggests uncertainty and lack of clear direction in the market. In comparing all 69 industrial groups, the Internet & Direct Marketing Retail industry leads the market with a gain of 4.79%, followed by the Life Sciences Tools & Services industry with a gain of 3.30%. The Thrifts & Mortgage Finance industry is the bottom performer with a loss of 3.43%. Growth sectors have led the market to the upside, indicating bullish sentiment.

For major US market indexes, the S&P 500 trades at 5,747.70 with a gain of 0.74%. The tech-dependent Nasdaq Composite index trades at 18,304.97 with a gain of 1.16%. The iconic Dow Jones Industrial Average is at 42,158.86 with a gain of 0.95%. The Russell 3000 index trades at 3,281.39 with a gain of 0.82%.

Among individual stocks, Atlassian Corp Plc (TEAM) has a gain of 19.35% with high trading volume (6.02 times of regular volume). Waters Corp (WAT) has a gain of 17.73% with high trading volume (5.97 times of regular volume). Charter Communications Inc (CHTR) has a gain of 13.51% with high trading volume (5.26 times of regular volume). Amazon.com Inc (AMZN) has a gain of 6.47% with high trading volume (3.60 times of regular volume). Cardinal Health Inc (CAH) has a gain of 6.11% with high trading volume (2.05 times of regular volume). Intel Corp (INTC) has a gain of 5.90% with high trading volume (2.47 times of regular volume). Amcor Plc (AMCR) has a loss of 7.55% with high trading volume (2.09 times of regular volume). AES Corp (The) (AES) has a loss of 8.50% with high trading volume (2.98 times of regular volume). Peloton Interactive Inc (PTON) has a loss of 11.59% with high trading volume (2.51 times of regular volume).

Bull Total Market Index intraday chart



US Market Briefing   Friday, November 1, 2024 10:30 AM

US Market opens up broadly having all sectors in the green in the first trading hour on Friday, November 1, 2024. The BullLabs total market index had a gain of 1.14% from the end of last trading day. The trading volume is heavy, at 1.22 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 492 or 79% of stocks went up as oppose to 109 or 17% of stocks went down in 624 total stocks tracked by the index. The large number of advanced stocks confirms a strong participation of the market rally.

The Consumer Discretionary sector leads the market with a gain of 3.02%, followed by the Information Technology sector, a sector lagger from the previous session, with a gain of 1.48%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a gain of 0.04%. The flip-flopping between top and bottom sector performers suggests uncertainty and lack of clear direction in the market. In comparing all 69 industrial groups, the Internet & Direct Marketing Retail industry leads the market with a gain of 5.40%, followed by the Life Sciences Tools & Services industry with a gain of 3.56%. The Transportation Infrastructure industry is the bottom performer with a loss of 1.01%. Growth sectors have led the market to the upside, indicating bullish sentiment.

For major US market indexes, the S&P 500 trades at 5,770.91 with a gain of 1.15%. The tech-dependent Nasdaq Composite index trades at 18,311.47 with a gain of 1.20%. The iconic Dow Jones Industrial Average is at 42,279.63 with a gain of 1.24%. The Russell 3000 index trades at 3,286.07 with a gain of 0.96%.

Among individual stocks, Waters Corp (WAT) has a gain of 17.46% with high trading volume (7.77 times of regular volume). Atlassian Corp Plc (TEAM) has a gain of 15.14% with high trading volume (7.37 times of regular volume). Charter Communications Inc (CHTR) has a gain of 13.18% with high trading volume (6.53 times of regular volume). Amazon.com Inc (AMZN) has a gain of 7.23% with high trading volume (4.35 times of regular volume). Intel Corp (INTC) has a gain of 6.99% with high trading volume (2.59 times of regular volume). Cardinal Health Inc (CAH) has a gain of 6.86% with high trading volume (2.76 times of regular volume). Mettler-Toledo International Inc (MTD) has a gain of 5.28% with high trading volume (2.70 times of regular volume). Amcor Plc (AMCR) has a loss of 8.31% with high trading volume (2.07 times of regular volume).

Bull Total Market Index intraday chart