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To: Return to Sender who wrote (85086)

5/20/2020 5:06:24 PM

From: Return to Sender

3 Recommendations

Recommended By
kckip
Sr K
The Ox

Respond to of 95743

S&P 500 closes at highest level since March 6
20-May-20 16:15 ET

Dow +369.04 at 24575.90, Nasdaq +190.67 at 9375.80, S&P +48.67 at 2971.48

briefing.com

[BRIEFING.COM] The S&P 500 gained 1.7% on Wednesday in a broad-based advance to close at its highest level since March 6. The Nasdaq Composite (+2.1%) and Russell 2000 (+3.0%) increased more than the benchmark index, while the Dow Jones Industrial Average rose 1.5%.

Stocks reclaimed the prior day's losses at the open and proceeded to drift higher throughout the day. The market remained resilient with little news to meaningfully deter its bullish mindset or economic recovery hopes. All 11 S&P 500 sectors contributed to the advance.

The energy sector (+3.8%) followed oil prices ($33.51, +1.21, +3.8%) higher after EIA data showed an unexpected weekly decline in crude inventories. The financials (+2.2%) and communication services (+2.7%) sectors followed suit, with the latter benefiting from a 6.0% gain in shares of Facebook (FB 229.97, +13.09). The health care sector (+0.1%) eked out a small gain.

In Washington, the Senate passed the Holding Foreign Companies Accountable Act, which requires certain foreign companies listed in the U.S. to certify that they are not owned or controlled by a foreign government. Failure to provide appropriate certification could result in de-listing.

The increased scrutiny on Chinese companies pressured shares of Alibaba (BABA 216.79, -0.41, -0.2%) and Baidu (BIDU 108.52, -1.23, -1.1%), while the broader U.S. market was barely bothered by the bill's potential to worsen U.S.-China tensions.

Shares of Target (TGT 119.63, -3.53, -2.9%) and Lowe's (LOW 116.99, +0.12, +0.1%) struggled throughout the session despite beating top and bottom-line estimates. TGT shares fell 3%, while LOW shares squandered an early 5% gain. Analog Devices (ADI 114.57, +8.24, +7.8%) was an earnings standout.

Separately, the FOMC Minutes from the April meeting revealed that policymakers discussed targeting yields on shorter tenors and considered changes to how forward guidance is expressed. The 2-yr yield declined two basis points to 0.16%, and the 10-yr yield declined three basis points to 0.68%. The U.S. Dollar Index declined 0.2% to 99.14.

Wednesday's economic data was limited to the weekly MBA Mortgage Applications Index, which decreased 2.6% following a 0.3% increase in the prior week.

Looking ahead, investors will receive the weekly Initial and Continuing Claims report, Existing Home Sales for April, the Philadelphia Fed Index for May, and the Conference Board's Leading Economic Index for April on Thursday.

Nasdaq Composite +4.5% YTD
S&P 500 -8.0% YTD
Dow Jones Industrial Average -13.9% YTD
Russell 2000 -19.3% YTD

Market Snapshot

Dow	24575.90	+369.04	(1.52%)
Nasdaq	9375.80	+190.67	(2.08%)
SP 500	2971.48	+48.67	(1.67%)
10-yr Note	+1/32	0.685

NYSE	Adv 2312	Dec 589	Vol 921.0 mln
Nasdaq	Adv 2558	Dec 696	Vol 4.2 bln

Industry Watch

Strong: Energy, Financials, Communication Services, Industrials

Weak: Health Care, Utilities

Moving the Market

-- S&P 500 closes at highest level since March 6

-- Broad-based advance, relative strength in energy, financials, and communication services sectors

-- Little news to deter market's bullish mindset, recovery hopes

WTI crude extends rally by 4%
20-May-20 15:25 ET

Dow +361.64 at 24568.50, Nasdaq +183.16 at 9368.29, S&P +48.13 at 2970.94
[BRIEFING.COM] The S&P 500 continues to sport a solid 1.7% gain.

One last look at the S&P 500 sectors shows all 11 sectors still trading in positive territory. The energy (+3.7%), communication services (+2.7%), and financials (+2.4%) sectors set the performance pace, while the health care sector (+0.2%) sectors clings onto a slim gain.

WTI crude futures settled today's session higher by $1.21 (+3.8%) to $33.51/bbl.

To: Return to Sender who wrote (85086)

5/21/2020 4:07:33 PM

From: Return to Sender

2 Recommendations

Recommended By
Sr K
The Ox

Read Replies (1) | Respond to of 95743

BPNDX Falls 1 to 72 - [JBHT SBUX added AMGN BIIB NFLX removed]

Mon	Tues	Wed	Thur
AAPL	AAPL	AAPL	AAPL
ADBE	ADBE	ADBE	ADBE
ADI	ADI	ADI	ADI
ADSK	ADSK	ADSK	ADSK
ALGN	ALGN	ALGN	ALGN
AMGN	AMAT	AMAT	AMAT
AMZN	AMGN	AMGN	AMZN
ATVI	AMZN	AMZN	ASML
AVGO	ASML	ASML	ATVI
BIDU	ATVI	ATVI	AVGO
BIIB	AVGO	AVGO	BIDU
BKNG	BIDU	BIDU	BKNG
CDNS	BIIB	BIIB	CDNS
CHKP	BKNG	BKNG	CHKP
CHTR	CDNS	CDNS	CHTR
CMCSA	CHKP	CHKP	CMCSA
CSCO	CHTR	CHTR	CSCO
CTAS	CMCSA	CMCSA	CSX
CTXS	CSCO	CSCO	CTAS
EA	CSX	CSX	DLTR
EBAY	CTAS	CTAS	EA
EXC	DLTR	DLTR	EBAY
EXPE	EA	EA	EXC
FAST	EBAY	EBAY	EXPE
FB	EXC	EXC	FAST
FOXA	EXPE	EXPE	FB
GOOGL	FAST	FAST	FOXA
HSIC	FB	FB	GOOGL
IDXX	FOXA	FOXA	HSIC
ILMN	GOOGL	GOOGL	IDXX
INTC	HSIC	HSIC	ILMN
INTU	IDXX	IDXX	INTC
ISRG	ILMN	ILMN	INTU
JD	INTC	INTC	ISRG
KHC	INTU	INTU	JBHT
KLAC	ISRG	ISRG	JD
LBTYA	JD	JD	KHC
LRCX	KHC	KHC	KLAC
LULU	KLAC	KLAC	LBTYA
MAR	LBTYA	LBTYA	LRCX
MCHP	LRCX	LRCX	LULU
MDLZ	LULU	LULU	MAR
MELI	MAR	MAR	MCHP
MNST	MCHP	MCHP	MDLZ
MSFT	MDLZ	MDLZ	MELI
MXIM	MELI	MELI	MNST
NFLX	MNST	MNST	MSFT
NLOK	MSFT	MSFT	MXIM
NTAP	MXIM	MXIM	NLOK
NTES	NFLX	NFLX	NTAP
NVDA	NLOK	NLOK	NTES
ORLY	NTAP	NTAP	NVDA
PCAR	NTES	NTES	ORLY
PEP	NVDA	NVDA	PCAR
PYPL	ORLY	ORLY	PEP
REGN	PCAR	PCAR	PYPL
ROST	PEP	PEP	QCOM
SNPS	PYPL	PYPL	REGN
SWKS	REGN	QCOM	ROST
TCOM	ROST	REGN	SBUX
TMUS	SNPS	ROST	SNPS
TTWO	SWKS	SNPS	SWKS
VRSK	TCOM	SWKS	TCOM
VRSN	TMUS	TCOM	TMUS
VRTX	TTWO	TMUS	TTWO
WDAY	VRSK	TTWO	TXN
XLNX	VRSN	TXN	VRSK
ZM	VRTX	VRSK	VRSN
	WDAY	VRSN	VRTX
	XLNX	VRTX	WDAY
	ZM	WDAY	XLNX
		XLNX	ZM
		ZM