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, May 18, 2022 12:45 PM

At the middle of the trading day on Wednesday, May 18, 2022, US Market continues the downtrend from the morning, trades down broadly having all sectors in the red with BullLabs total market index having a loss of 2.64% from previous day. The trading volume is normal, at 0.98 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 52 or 8% of stocks went up as oppose to 571 or 91% of stocks went down in 629 total stocks tracked by the index. The large number of declined stocks confirms a broad based retreat of the market.

The Utilities sector leads the market with a loss of 0.10%, followed by the Health Care sector with a loss of 1.40%. The Consumer Discretionary sector is the bottom performer with a loss of 5.21%. In comparing all 69 industrial groups, the Diversified Consumer Services industry leads the market with a gain of 1.82%, followed by the Electric Utilities industry with a gain of 0.30%. The Multiline Retail industry is the bottom performer with a loss of 20.17%. Defensive sectors have led the market, indicating investors are cautious about the market going forward and are looking for safety.

For major US market indexes, the S&P 500 trades at 3,964.12 with a loss of 3.05%. The tech-dependent Nasdaq Composite index trades at 11,546.03 with a loss of 3.66%. The iconic Dow Jones Industrial Average is at 31,823.66 with a loss of 2.54%. The Russell 3000 index trades at 2,287.70 with a loss of 3.07%.

Among individual stocks, TJX Companies Inc (The) (TJX) has a gain of 9.15% with high trading volume (4.23 times of regular volume). Walmart Inc (WMT) has a loss of 6.23% with high trading volume (5.00 times of regular volume). MGM Resorts International (MGM) has a loss of 7.51% with high trading volume (2.39 times of regular volume). J.B. Hunt Transport Services Inc. (JBHT) has a loss of 9.54% with high trading volume (2.06 times of regular volume). Best Buy Co Inc (BBY) has a loss of 9.99% with high trading volume (3.53 times of regular volume). Ulta Beauty Inc (ULTA) has a loss of 10.10% with high trading volume (2.38 times of regular volume). Dollar General Corporation (DG) has a loss of 11.59% with high trading volume (3.27 times of regular volume). Costco Wholesale Corp (COST) has a loss of 11.85% with high trading volume (4.36 times of regular volume). Tractor Supply Co (TSCO) has a loss of 12.39% with high trading volume (2.90 times of regular volume). Dollar Tree Inc (DLTR) has a loss of 16.44% with high trading volume (4.59 times of regular volume). Target Corp (TGT) has a loss of 25.97% with high trading volume (16.67 times of regular volume).

Bull Total Market Index intraday chart



US Market Briefing   Wednesday, May 18, 2022 10:30 AM

US Market opens down broadly having all sectors in the red in the first trading hour on Wednesday, May 18, 2022. The BullLabs total market index having a loss of 1.75% from the end of last trading day. The trading volume is slightly lower than normal, at 0.88 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 68 or 11% of stocks went up as oppose to 553 or 88% of stocks went down in 629 total stocks tracked by the index. The large number of declined stocks confirms a broad based retreat of the market.

The Utilities sector leads the market with a loss of 0.01%, followed by the Energy sector, a sector lagger from the previous session, with a loss of 0.39%. The Consumer Discretionary sector is the bottom performer with a loss of 3.08%. In comparing all 69 industrial groups, the Diversified Consumer Services industry leads the market with a gain of 3.23%, followed by the Real Estate Management & Development industry with a gain of 0.77%. The Multiline Retail industry is the bottom performer with a loss of 20.35%. The market has been led by income sectors, indicating a more conservative sentiment.

For major US market indexes, the S&P 500 trades at 4,013.42 with a loss of 1.84%. The tech-dependent Nasdaq Composite index trades at 11,765.80 with a loss of 1.83%. The iconic Dow Jones Industrial Average is at 32,121.13 with a loss of 1.63%. The Russell 3000 index trades at 2,324.04 with a loss of 1.53%.

Among individual stocks, TJX Companies Inc (The) (TJX) has a gain of 10.86% with high trading volume (4.94 times of regular volume). Ross Stores Inc (ROST) has a gain of 5.50% with high trading volume (3.70 times of regular volume). Campbell Soup Co (CPB) has a loss of 5.81% with high trading volume (2.41 times of regular volume). Ulta Beauty Inc (ULTA) has a loss of 6.83% with high trading volume (2.51 times of regular volume). Best Buy Co Inc (BBY) has a loss of 7.18% with high trading volume (4.63 times of regular volume). J.B. Hunt Transport Services Inc. (JBHT) has a loss of 8.39% with high trading volume (2.37 times of regular volume). Tractor Supply Co (TSCO) has a loss of 9.67% with high trading volume (3.11 times of regular volume). Costco Wholesale Corp (COST) has a loss of 10.05% with high trading volume (4.49 times of regular volume). Dollar General Corporation (DG) has a loss of 13.56% with high trading volume (3.61 times of regular volume). Dollar Tree Inc (DLTR) has a loss of 17.72% with high trading volume (5.52 times of regular volume). Target Corp (TGT) has a loss of 24.82% with high trading volume (23.60 times of regular volume).

Bull Total Market Index intraday chart