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US STOCKS: Broad Gains But With Some Outsized Losses

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • The S&P 500 e-mini at 6000 (+0.2%) is holding a 15-20 point bounce off session lows of 5982.75 after an earlier high of 6040.00. It's set for a third daily increase and for a 1.7% cumulative gain since Nov 15.
  • The earlier climb didn’t test the bull trigger at 6053.25 (Nov 11 high) although the trend signal nevertheless remains bullish. Next support meanwhile is seen at 5927.19 (20-day EMA).
  • Nvidia weighs heavily (-3.6%) after reports a company executive had met with China’s vice commerce minister in Beijing, whilst more broadly energy names are the main losers on the day (-1.7%) owing to the slide in WTI futures on Israel-Hezbollah ceasefire prospects.
  • Most sectors still in the green though, led by consumer discretionary (+1.4%), real estate (+1.1%) and materials (+1.0%) where tumbling Treasury yields following Bessent’s pick as Treasury Secretary have added a tailwind.
  • Against this backdrop, Nasdaq 100 underperforms (-0.05%) whilst the Russell 2000 (+1.9%) and Dow Jones (+0.9%) outperform.
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  • The S&P 500 e-mini at 6000 (+0.2%) is holding a 15-20 point bounce off session lows of 5982.75 after an earlier high of 6040.00. It's set for a third daily increase and for a 1.7% cumulative gain since Nov 15.
  • The earlier climb didn’t test the bull trigger at 6053.25 (Nov 11 high) although the trend signal nevertheless remains bullish. Next support meanwhile is seen at 5927.19 (20-day EMA).
  • Nvidia weighs heavily (-3.6%) after reports a company executive had met with China’s vice commerce minister in Beijing, whilst more broadly energy names are the main losers on the day (-1.7%) owing to the slide in WTI futures on Israel-Hezbollah ceasefire prospects.
  • Most sectors still in the green though, led by consumer discretionary (+1.4%), real estate (+1.1%) and materials (+1.0%) where tumbling Treasury yields following Bessent’s pick as Treasury Secretary have added a tailwind.
  • Against this backdrop, Nasdaq 100 underperforms (-0.05%) whilst the Russell 2000 (+1.9%) and Dow Jones (+0.9%) outperform.