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   Thursday, February 22, 2024 4:00 PM

US Market closed the trading session on Thursday, February 22, 2024, with BullLabs total market index had a gain of 1.42% from previous day. The trading volume is normal, at 0.95 times of the three-month average daily trading volume.

For the market breadth, a total of 434 or 69% of stocks went up as oppose to 170 or 27% of stocks went down in 625 total stocks tracked by the index. The large number of advanced stocks confirms a strong participation of the market rally.

The Information Technology sector, a sector lagger from the previous session, leads the market with a gain of 5.23%, followed by the Consumer Discretionary sector with a gain of 1.98%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a loss of 0.95%. 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 Semiconductors & Semiconductor Equipment industry leads the market with a gain of 8.29%, followed by the Construction & Engineering industry with a gain of 6.87%. The Independent Power and Renewable Electricity Producers industry is the bottom performer with a loss of 2.30%. Growth sectors have led the market to the upside, indicating bullish sentiment.

For major US market indexes, the S&P 500 trades at 5,085.85 with a gain of 2.09%. The tech-dependent Nasdaq Composite index trades at 16,038.05 with a gain of 2.93%. The iconic Dow Jones Industrial Average is at 39,065.98 with a gain of 1.18%. The Russell 3000 index trades at 2,912.36 with a gain of 2.02%.

There are many active stocks with unusual moves today. NVIDIA Corporation (NVDA) has a gain of 16.31% with high trading volume (2.09 times of regular volume). Moderna Inc. (MRNA) has a gain of 13.51% with high trading volume (2.54 times of regular volume). Quanta Services Inc. (PWR) has a gain of 10.24% with high trading volume (2.38 times of regular volume). Dell Technologies Inc (DELL) has a gain of 7.84% with high trading volume (2.08 times of regular volume). Synopsys Inc (SNPS) has a gain of 6.84% with high trading volume (2.43 times of regular volume). Royal Caribbean Group (RCL) has a gain of 6.68% with high trading volume (2.35 times of regular volume). Mosaic Company (The) (MOS) has a gain of 6.58% with high trading volume (2.62 times of regular volume). Iron Mountain Inc (IRM) has a gain of 5.22% with high trading volume (2.39 times of regular volume). Teleflex Inc (TFX) has a loss of 5.24% with high trading volume (3.51 times of regular volume). Newmont Corporation (NEM) has a loss of 7.72% with high trading volume (2.81 times of regular volume). Etsy Inc (ETSY) has a loss of 8.44% with high trading volume (2.65 times of regular volume).

Bull Total Market Index intraday chart



US Market Highlight   Thursday, February 22, 2024 12:45 PM

At the middle of the trading day on Thursday, February 22, 2024, US Market continues the uptrend from the morning, trades up with BullLabs total market index had a gain of 1.08% from previous 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 424 or 68% of stocks went up as oppose to 180 or 29% of stocks went down in 625 total stocks tracked by the index. The large number of advanced stocks confirms a strong participation of the market rally.

The Information Technology sector, a sector lagger from the previous session, leads the market with a gain of 4.83%, followed by the Industrials sector with a gain of 1.44%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a loss of 1.04%. 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 Semiconductors & Semiconductor Equipment industry leads the market with a gain of 7.83%, followed by the Construction & Engineering industry with a gain of 5.96%. The Water Utilities industry is the bottom performer with a loss of 1.97%. Defensive sectors are being the bottom performer, indicating a cautiously optimistic sentiment.

For major US market indexes, the S&P 500 trades at 5,068.69 with a gain of 1.74%. The tech-dependent Nasdaq Composite index trades at 15,976.38 with a gain of 2.54%. The iconic Dow Jones Industrial Average is at 38,921.74 with a gain of 0.80%. The Russell 3000 index trades at 2,902.05 with a gain of 1.66%.

Among individual stocks, NVIDIA Corporation (NVDA) has a gain of 14.81% with high trading volume (2.62 times of regular volume). Moderna Inc. (MRNA) has a gain of 13.11% with high trading volume (2.41 times of regular volume). Synopsys Inc (SNPS) has a gain of 10.01% with high trading volume (2.73 times of regular volume). Quanta Services Inc. (PWR) has a gain of 9.18% with high trading volume (2.27 times of regular volume). Dell Technologies Inc (DELL) has a gain of 8.98% with high trading volume (2.16 times of regular volume). Royal Caribbean Group (RCL) has a gain of 7.17% with high trading volume (2.45 times of regular volume). Iron Mountain Inc (IRM) has a gain of 5.59% with high trading volume (2.14 times of regular volume). Mosaic Company (The) (MOS) has a gain of 5.18% with high trading volume (2.60 times of regular volume). Teleflex Inc (TFX) has a loss of 5.15% with high trading volume (3.04 times of regular volume). Etsy Inc (ETSY) has a loss of 6.85% with high trading volume (2.82 times of regular volume). Newmont Corporation (NEM) has a loss of 7.06% with high trading volume (2.64 times of regular volume).

Bull Total Market Index intraday chart



US Market Briefing   Thursday, February 22, 2024 10:30 AM

US Market opens up in the first trading hour on Thursday, February 22, 2024. The BullLabs total market index had a gain of 0.84% from the end of last trading day. The trading volume is normal, at 0.96 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 372 or 60% of stocks went up as oppose to 229 or 37% of stocks went down in 625 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.

The Information Technology sector, a sector lagger from the previous session, leads the market with a gain of 4.89%, followed by the Industrials sector with a gain of 1.41%. The Utilities sector, a sector leader from the previous session, is the bottom performer with a loss of 1.52%. 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 Semiconductors & Semiconductor Equipment industry leads the market with a gain of 7.95%, followed by the Construction & Engineering industry with a gain of 6.26%. The Water Utilities industry is the bottom performer with a loss of 2.11%. Income sectors are being the bottom performer, indicating some risk taken sentiment.

For major US market indexes, the S&P 500 trades at 5,063.37 with a gain of 1.64%. The tech-dependent Nasdaq Composite index trades at 15,957.54 with a gain of 2.42%. The iconic Dow Jones Industrial Average is at 38,898.48 with a gain of 0.74%. The Russell 3000 index trades at 2,895.67 with a gain of 1.44%.

Among individual stocks, NVIDIA Corporation (NVDA) has a gain of 15.25% with high trading volume (3.75 times of regular volume). Synopsys Inc (SNPS) has a gain of 11.40% with high trading volume (3.63 times of regular volume). Advanced Micro Devices Inc (AMD) has a gain of 9.98% with high trading volume (2.04 times of regular volume). Quanta Services Inc. (PWR) has a gain of 9.80% with high trading volume (2.29 times of regular volume). Moderna Inc. (MRNA) has a gain of 8.21% with high trading volume (2.87 times of regular volume). Dell Technologies Inc (DELL) has a gain of 7.86% with high trading volume (2.49 times of regular volume). Royal Caribbean Group (RCL) has a gain of 6.73% with high trading volume (2.86 times of regular volume). ServiceNow Inc (NOW) has a gain of 5.23% with high trading volume (2.47 times of regular volume). Applied Materials Inc. (AMAT) has a gain of 5.03% with high trading volume (2.05 times of regular volume). Arista Networks Inc (ANET) has a gain of 5.02% with high trading volume (2.82 times of regular volume). Etsy Inc (ETSY) has a loss of 7.05% with high trading volume (3.33 times of regular volume).

Bull Total Market Index intraday chart