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 Briefing Monday, August 2, 2021 10:30 AM
US Market opens up in the first trading hour on Monday, August 2, 2021. The BullLabs total market index having a gain of 0.54% from the end of last trading day. The trading volume is heavy, at 1.35 times of the three-month average trading volume within the same intraday period.
For the market breadth, a total of 498 or 79% of stocks went up as oppose to 129 or 20% of stocks went down in 633 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.
The Energy sector, a sector lagger from the previous session, leads the market with a gain of 1.23%, followed by the Financials sector with a gain of 1.16%. The Consumer Staples sector is the bottom performer with a loss of 0.23%. In comparing all 69 industrial groups, the Automobiles industry leads the market with a gain of 3.45%, followed by the Marine industry with a gain of 1.74%. The Diversified Consumer Services industry is the bottom performer with a loss of 2.34%. Defensive sectors are being the bottom performer, indicating a cautiously optimistic sentiment.
For major US market indexes, the S&P 500 trades at 4,416.14 with a gain of 0.48%. The tech-dependent Nasdaq Composite index trades at 14,738.11 with a gain of 0.45%. The iconic Dow Jones Industrial Average is at 35,118.79 with a gain of 0.52%. The Wilshire 5000 index trades at 45,944.54 with a gain of 0.52%.
Among individual stocks, Square Inc (SQ) has a gain of 9.20% with high trading volume (12.11 times of regular volume). Under Armour Inc (UAA) has a gain of 6.11% with high trading volume (3.83 times of regular volume). Under Armour Inc (UA) has a gain of 6.11% with high trading volume (2.28 times of regular volume). Tesla Inc (TSLA) has a gain of 5.12% with high trading volume (3.13 times of regular volume). TAL Education Group (TAL) has a loss of 5.60% with high trading volume (3.18 times of regular volume).