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   Tuesday, April 23, 2024 4:00 PM

US Market closed the trading session on Tuesday, April 23, 2024, with BullLabs total market index had a gain of 1.07% from previous day. The trading volume is normal, at 0.97 times of the three-month average daily trading volume.

For the market breadth, a total of 483 or 78% of stocks went up as oppose to 120 or 19% of stocks went down in 623 total stocks tracked by the index. The large number of advanced stocks confirms a strong participation of the market rally.

The Communication Services sector, a sector lagger from the previous session, leads the market with a gain of 2.60%, followed by the Information Technology sector, also a sector leader from the previous session, with a gain of 2.03%. The Materials sector, also a sector lagger from the previous session, is the bottom performer with a loss of 0.24%. The continuation of sector performers suggests there may be a trend in the market that is forming. In comparing all 69 industrial groups, the Transportation Infrastructure industry leads the market with a gain of 9.11%, followed by the Life Sciences Tools & Services industry with a gain of 4.17%. The Distributors industry is the bottom performer with a loss of 3.11%. The movement of market sectors indicates there is lack of clear direction going forward. The general market sentiment is neutral.

For major US market indexes, the S&P 500 trades at 5,070.67 with a gain of 1.20%. The tech-dependent Nasdaq Composite index trades at 15,696.64 with a gain of 1.59%. The iconic Dow Jones Industrial Average is at 38,505.83 with a gain of 0.70%. The Russell 3000 index trades at 2,903.20 with a gain of 1.31%.

There are many active stocks with unusual moves today. Globe Life Inc (GL) has a gain of 14.23% with high trading volume (4.76 times of regular volume). Spotify Technology S.A (SPOT) has a gain of 11.53% with high trading volume (6.39 times of regular volume). General Electric Co (GE) has a gain of 8.30% with high trading volume (2.50 times of regular volume). Danaher Corp (DHR) has a gain of 7.22% with high trading volume (2.53 times of regular volume). SAP SE (SAP) has a gain of 5.55% with high trading volume (2.51 times of regular volume). Kimberly-Clark Corp (KMB) has a gain of 5.48% with high trading volume (2.93 times of regular volume). Berkley (W.R.) Corp (WRB) has a loss of 5.19% with high trading volume (3.30 times of regular volume). Invesco Ltd (IVZ) has a loss of 6.42% with high trading volume (2.63 times of regular volume). Nucor Corp (NUE) has a loss of 8.92% with high trading volume (4.03 times of regular volume). MSCI Inc (MSCI) has a loss of 13.43% with high trading volume (8.22 times of regular volume). LKQ Corp (LKQ) has a loss of 14.88% with high trading volume (7.19 times of regular volume).

Bull Total Market Index intraday chart



US Market Highlight   Tuesday, April 23, 2024 12:45 PM

At the middle of the trading day on Tuesday, April 23, 2024, US Market continues the uptrend from the morning, trades up broadly having all sectors in the green with BullLabs total market index had a gain of 1.21% from previous day. The trading volume is slightly lower than normal, at 0.87 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 517 or 83% of stocks went up as oppose to 89 or 14% of stocks went down in 623 total stocks tracked by the index. The large number of advanced stocks confirms a strong participation of the market rally.

The Communication Services sector, a sector lagger from the previous session, leads the market with a gain of 2.94%, followed by the Information Technology sector, also a sector leader from the previous session, with a gain of 1.85%. The Materials sector, also a sector lagger from the previous session, is the bottom performer with a gain of 0.01%. The continuation of sector performers suggests there may be a trend in the market that is forming. In comparing all 69 industrial groups, the Transportation Infrastructure industry leads the market with a gain of 8.14%, followed by the Life Sciences Tools & Services industry with a gain of 4.17%. The Distributors industry is the bottom performer with a loss of 3.20%. The movement of market sectors indicates there is lack of clear direction going forward. The general market sentiment is neutral.

For major US market indexes, the S&P 500 trades at 5,070.43 with a gain of 1.19%. The tech-dependent Nasdaq Composite index trades at 15,689.55 with a gain of 1.54%. The iconic Dow Jones Industrial Average is at 38,501.41 with a gain of 0.68%. The Russell 3000 index trades at 2,901.19 with a gain of 1.24%.

Among individual stocks, Spotify Technology S.A (SPOT) has a gain of 16.67% with high trading volume (7.17 times of regular volume). Globe Life Inc (GL) has a gain of 12.61% with high trading volume (4.68 times of regular volume). General Electric Co (GE) has a gain of 7.52% with high trading volume (2.46 times of regular volume). Danaher Corp (DHR) has a gain of 7.43% with high trading volume (2.58 times of regular volume). Kimberly-Clark Corp (KMB) has a gain of 5.56% with high trading volume (2.94 times of regular volume). Invesco Ltd (IVZ) has a loss of 5.36% with high trading volume (2.35 times of regular volume). Berkley (W.R.) Corp (WRB) has a loss of 5.43% with high trading volume (2.73 times of regular volume). Nucor Corp (NUE) has a loss of 6.94% with high trading volume (3.73 times of regular volume). MSCI Inc (MSCI) has a loss of 14.00% with high trading volume (5.74 times of regular volume). LKQ Corp (LKQ) has a loss of 14.14% with high trading volume (5.67 times of regular volume).

Bull Total Market Index intraday chart



US Market Briefing   Tuesday, April 23, 2024 10:30 AM

US Market continues the up trend from the previous trading day, opens up in the first trading hour on Tuesday, April 23, 2024. The BullLabs total market index had a gain of 0.91% from the end of last trading day. The trading volume is slightly lower than normal, at 0.84 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 495 or 79% of stocks went up as oppose to 110 or 18% of stocks went down in 623 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.

The Communication Services sector, a sector lagger from the previous session, leads the market with a gain of 2.01%, followed by the Information Technology sector, also a sector leader from the previous session, with a gain of 1.87%. The Materials sector, also a sector lagger from the previous session, is the bottom performer with a loss of 0.27%. The continuation of sector performers suggests there may be a trend in the market that is forming. In comparing all 69 industrial groups, the Leisure Products industry leads the market with a gain of 3.74%, followed by the Transportation Infrastructure industry with a gain of 3.69%. The Distributors industry is the bottom performer with a loss of 3.84%. Dividend sectors are being the bottom performer, suggesting investors are willing to take risk.

For major US market indexes, the S&P 500 trades at 5,059.92 with a gain of 0.98%. The tech-dependent Nasdaq Composite index trades at 15,661.06 with a gain of 1.36%. The iconic Dow Jones Industrial Average is at 38,387.87 with a gain of 0.39%. The Russell 3000 index trades at 2,890.45 with a gain of 0.87%.

Among individual stocks, Spotify Technology S.A (SPOT) has a gain of 14.46% with high trading volume (7.96 times of regular volume). Danaher Corp (DHR) has a gain of 6.86% with high trading volume (3.32 times of regular volume). Fiserv Inc. (FI) has a gain of 5.95% with high trading volume (2.39 times of regular volume). General Electric Co (GE) has a gain of 5.42% with high trading volume (2.53 times of regular volume). Kimberly-Clark Corp (KMB) has a gain of 5.12% with high trading volume (4.10 times of regular volume). Invesco Ltd (IVZ) has a loss of 5.36% with high trading volume (2.43 times of regular volume). Nucor Corp (NUE) has a loss of 5.81% with high trading volume (4.31 times of regular volume). MSCI Inc (MSCI) has a loss of 10.63% with high trading volume (4.68 times of regular volume). LKQ Corp (LKQ) has a loss of 13.80% with high trading volume (5.60 times of regular volume).

Bull Total Market Index intraday chart