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 Highlight Wednesday, June 7, 2023 12:45 PM
At the middle of the trading day on Wednesday, June 7, 2023, US Market trades almost unchanged with BullLabs total market index had a gain of 0.04% from previous day. The trading volume is normal, at 1.06 times of the three-month average trading volume within the same intraday period.
For the market breadth, a total of 398 or 63% of stocks went up as oppose to 211 or 34% of stocks went down in 627 total stocks tracked by the index. The advance vs. decline number and the price movement indicate there is not much action with the market.
The Energy sector leads the market with a gain of 2.26%, followed by the Real Estate sector with a gain of 1.43%. The Information Technology sector is the bottom performer with a loss of 0.56%. In comparing all 69 industrial groups, the Media industry leads the market with a gain of 2.72%, followed by the Energy Equipment & Services industry with a gain of 2.55%. The Health Care Technology industry is the bottom performer with a loss of 3.93%. The market went up in general but growth sectors being the bottom performer indicating some bearish sentiment.
For major US market indexes, the S&P 500 trades at 4,277.76 with a loss of 0.14%. The tech-dependent Nasdaq Composite index trades at 13,177.10 with a loss of 0.75%. The iconic Dow Jones Industrial Average is at 33,651.50 with a gain of 0.23%. The Russell 3000 index trades at 2,458.49 with a loss of 0.17%.
Among individual stocks, Campbell Soup Co (CPB) has a loss of 7.10% with high trading volume (5.47 times of regular volume).
US Market Briefing Wednesday, June 7, 2023 10:30 AM
US Market opens almost unchanged in the first trading hour on Wednesday, June 7, 2023. The BullLabs total market index had a gain of 0.07% from the end of last trading day. The trading volume is normal, at 0.99 times of the three-month average trading volume within the same intraday period.
For the market breadth, a total of 400 or 64% of stocks went up as oppose to 208 or 33% of stocks went down in 627 total stocks tracked by the index. The advance vs. decline number and the price movement indicate there is not much action with the market.
The Energy sector leads the market with a gain of 1.95%, followed by the Materials sector with a gain of 0.84%. The Consumer Staples sector, also a sector lagger from the previous session, is the bottom performer with a loss of 0.39%. In comparing all 69 industrial groups, the Media industry leads the market with a gain of 2.15%, followed by the Paper & Forest Products industry, also an industry leader from the previous session, with a gain of 2.11%. The Health Care Technology industry is the bottom performer with a loss of 1.93%. Defensive sectors are being the bottom performer, indicating a cautiously optimistic sentiment.
For major US market indexes, the S&P 500 trades at 4,286.75 with a gain of 0.07%. The tech-dependent Nasdaq Composite index trades at 13,269.84 with a loss of 0.05%. The iconic Dow Jones Industrial Average is at 33,648.16 with a gain of 0.22%. The Russell 3000 index trades at 2,470.16 with a gain of 0.30%.
Among individual stocks, Campbell Soup Co (CPB) has a loss of 5.46% with high trading volume (7.33 times of regular volume).
