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What Data Risk? Nasdaq, Eminis Make New All-Time Highs

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  • Stocks continue to extend gains in late Wednesday trade, Nasdaq marking new all-time-high of 17,151.44. Meanwhile, S&P Eminis climbing to 5360.00 session high -- not far off all-time-high of 5368.25 on May 23, DJIA around 38,830.0 still off May 17 all-time-high of 40,003.59.
  • Information Technology and Communication Services sectors continued to lead gainers in late trade, semiconductor makers supporting the former: Applied Materials +5.83%, Lam Research +5.36%, Broadcom +5.35%, Micron +5.14%. Notable mention: cyber security company Crowdstrike surged 10.85% after beating Q1 results.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Meta +2.36%, Netflix +2.11%, News Corp +1.89%.
  • On the flipside, Consumer Staples and Utility sector shares underperformed: household and personal products weighed on Staples as they unwound the prior session' support: Brown-Forman-5.36%, Bunge Global -3.62%, Target -2.27. Multi energy providers weighed on the Utility sector: Eversource -1.83%, DTE -1.47%, First Energy -1.39%.
  • Meanwhile, notable earnings releases still to come this week: Five Below Inc, Semtech Corp, Victoria Secret, Toro, Vail Resorts and Docusign.
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  • Stocks continue to extend gains in late Wednesday trade, Nasdaq marking new all-time-high of 17,151.44. Meanwhile, S&P Eminis climbing to 5360.00 session high -- not far off all-time-high of 5368.25 on May 23, DJIA around 38,830.0 still off May 17 all-time-high of 40,003.59.
  • Information Technology and Communication Services sectors continued to lead gainers in late trade, semiconductor makers supporting the former: Applied Materials +5.83%, Lam Research +5.36%, Broadcom +5.35%, Micron +5.14%. Notable mention: cyber security company Crowdstrike surged 10.85% after beating Q1 results.
  • Interactive media and entertainment shares buoyed the Communication Services sector: Meta +2.36%, Netflix +2.11%, News Corp +1.89%.
  • On the flipside, Consumer Staples and Utility sector shares underperformed: household and personal products weighed on Staples as they unwound the prior session' support: Brown-Forman-5.36%, Bunge Global -3.62%, Target -2.27. Multi energy providers weighed on the Utility sector: Eversource -1.83%, DTE -1.47%, First Energy -1.39%.
  • Meanwhile, notable earnings releases still to come this week: Five Below Inc, Semtech Corp, Victoria Secret, Toro, Vail Resorts and Docusign.