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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (82673)	2/25/2019 5:04:57 PM
From: Return to Sender	1 Recommendation Recommended By Donald Wennerstrom Respond to of 95456

Stocks Eke Out Gains as Trump Extends Trade Deadline 25-Feb-19 16:10 ET Dow +60.14 at 26091.95, Nasdaq +26.92 at 7554.49, S&P +3.44 at 2796.07 briefing.com [BRIEFING.COM] The S&P 500 advanced as much as 0.8% on Monday after President Trump said he will delay the March 1 trade deadline as negotiations with China have progressed favorably. The benchmark index, however, steadily retreated throughout the session, ultimately finishing higher by 0.1%. The Dow Jones Industrial Average (+0.2%), the Nasdaq Composite (+0.4%), and the Russell 2000 (-0.1%) also finished near their session lows. President Trump followed up with a tweet during late trading action that U.S.-China talks are in advanced stages, but he did not provide a new deadline or any further details. Still, growing expectations for a trade deal underpinned the leadership from the S&P 500 cyclical sectors. The S&P 500 materials (+0.7%), information technology (+0.5%), financials (+0.4%), and industrial (+0.4%) sectors outperformed the broader market. Shares of semiconductor companies, many of which have revenue exposure to China, also outperformed and helped lift the heavily-weighted tech sector. The Philadelphia Semiconductor Index increased 0.8%. General Electric (GE 10.82, +0.65, +6.4%) gave the industrial sector a boost after it agreed to sell its biopharma business to Danaher (DHR 123.15, +9.67, +8.5%) for $21.4 billion, which includes $21 billion in cash. General Electric had surged 15.5% in the opening minutes of trading but, like the broader market, finished near its session low. Conversely, the real estate (-0.8%), utilities (-0.6%), consumer staples (-0.5%), and consumer discretionary (-0.3%) sectors finished the session with losses. The underperformance from the consumer discretionary sector was a drag on the broader market considering it was up as much as 0.7% in the opening minutes of trading. U.S. Treasuries closed on a lower note, pushing yields higher across the curve. The 2-yr yield increased three basis points to 2.51%, and the 10-yr yield increased two basis points to 2.67%. The U.S. Dollar Index declined 0.1% to 96.42. WTI crude lost 3.1% to $55.45/bbl. Separately, Wholesale Inventories for December increased 1.1% (Briefing.com consensus +0.4%). The November reading was revised up to 0.4% from 0.3%. Looking ahead, investors will receive Housing Starts and Building Permits for December, the Conference Board's Consumer Confidence Index for February, the S&P Case-Shiller Home Price Index for December, and the FHFA Housing Price Index for December on Tuesday. Russell 2000 +17.8% YTD Nasdaq Composite +13.9% YTD Dow Jones Industrial Average +11.9% YTD S&P 500 +11.5% YTD