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, September 21, 2023 4:00 PM

US Market closed the trading session on Thursday, September 21, 2023, with BullLabs total market index had a loss of 1.51% from previous day. The market went down broadly having all eleven sectors in the red. The trading volume is normal, at 0.99 times of the three-month average daily trading volume.

For the market breadth, a total of 44 or 7% of stocks went up as oppose to 566 or 90% of stocks went down in 627 total stocks tracked by the index. The large number of declined stocks confirms a broad based retreat of the market.

The Health Care sector, also a sector leader from the previous session, leads the market with a loss of 0.62%, followed by the Consumer Staples sector with a loss of 1.09%. The Real Estate sector, a sector leader from the previous session, is the bottom performer with a loss of 3.43%. In comparing all 69 industrial groups, the Health Care Providers & Services industry, also an industry leader from the previous session, leads the market with a gain of 1.13%, followed by the Thrifts & Mortgage Finance industry with a gain of 0.49%. The Multiline Retail industry is the bottom performer with a loss of 3.79%. Defensive sectors have led the market while cyclical sectors being the bottom performer, indicating a strong pessimistic sentiment.

For major US market indexes, the S&P 500 trades at 4,330.06 with a loss of 1.64%. The tech-dependent Nasdaq Composite index trades at 13,223.54 with a loss of 1.82%. The iconic Dow Jones Industrial Average is at 34,067.68 with a loss of 1.08%. The Russell 3000 index trades at 2,486.66 with a loss of 1.47%.

There are many active stocks with unusual moves today. Alexandria Real Estate Equities Inc. (ARE) has a loss of 8.27% with high trading volume (2.79 times of regular volume).

Bull Total Market Index intraday chart



US Market Highlight   Thursday, September 21, 2023 12:45 PM

At the middle of the trading day on Thursday, September 21, 2023, US Market continues the downtrend from the morning, trades down broadly having all sectors in the red with BullLabs total market index had a loss of 1.1% from previous day. The trading volume is normal, at 0.94 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 82 or 13% of stocks went up as oppose to 528 or 84% of stocks went down in 627 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 0.36%, followed by the Health Care sector, also a sector leader from the previous session, with a loss of 0.41%. The Real Estate sector, a sector leader from the previous session, is the bottom performer with a loss of 2.34%. In comparing all 69 industrial groups, the Health Care Providers & Services industry, also an industry leader from the previous session, leads the market with a gain of 1.53%, followed by the Media industry with a gain of 0.83%. The Construction Materials industry is the bottom performer with a loss of 3.45%. Defensive sectors have led the market while cyclical sectors being the bottom performer, indicating a strong pessimistic sentiment.

For major US market indexes, the S&P 500 trades at 4,353.34 with a loss of 1.11%. The tech-dependent Nasdaq Composite index trades at 13,296.52 with a loss of 1.28%. The iconic Dow Jones Industrial Average is at 34,239.43 with a loss of 0.58%. The Russell 3000 index trades at 2,494.26 with a loss of 1.17%.

Among individual stocks, Charles River Laboratories International, Inc. (CRL) has a loss of 6.78% with high trading volume (2.21 times of regular volume).

Bull Total Market Index intraday chart



US Market Briefing   Thursday, September 21, 2023 10:30 AM

US Market continues the down trend from the previous trading day, opens down broadly having all sectors in the red in the first trading hour on Thursday, September 21, 2023. The BullLabs total market index had a loss of 0.8% from the end of last trading day. The trading volume is normal, at 1.05 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 107 or 17% of stocks went up as oppose to 503 or 80% of stocks went down in 627 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.

The Health Care sector, also a sector leader from the previous session, leads the market with a loss of 0.04%, followed by the Energy sector with a loss of 0.21%. The Consumer Discretionary sector is the bottom performer with a loss of 1.85%. In comparing all 69 industrial groups, the Thrifts & Mortgage Finance industry leads the market with a gain of 1.77%, followed by the Health Care Providers & Services industry, also an industry leader from the previous session, with a gain of 1.46%. The Communications Equipment industry is the bottom performer with a loss of 3.06%. Cyclical sectors are being the bottom performer, indicating a cautiously pessimistic sentiment.

For major US market indexes, the S&P 500 trades at 4,362.80 with a loss of 0.90%. The tech-dependent Nasdaq Composite index trades at 13,309.41 with a loss of 1.19%. The iconic Dow Jones Industrial Average is at 34,313.93 with a loss of 0.37%. The Russell 3000 index trades at 2,500.02 with a loss of 0.94%.

Among individual stocks, Factset Research Systems Inc. (FDS) has a gain of 5.21% with high trading volume (3.34 times of regular volume). Sea Ltd (SE) has a loss of 5.62% with high trading volume (2.07 times of regular volume).

Bull Total Market Index intraday chart