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To: Return to Sender who wrote (86448)

2/9/2021 5:03:09 PM

From: Return to Sender

5 Recommendations

Recommended By
FJB
oldbeachlvr
Sam
Sr K
The Ox

Respond to of 95559

New closing highs for Nasdaq and Russell 2000
09-Feb-21 16:15 ET

Dow -9.93 at 31375.83, Nasdaq +20.06 at 14007.71, S&P -4.36 at 3911.23

briefing.com

[BRIEFING.COM] Each of the major indices set intraday record highs on Tuesday, but only the Nasdaq Composite (+0.1%) and Russell 2000 (+0.4%) closed at record highs. The S&P 500 (-0.1%) and Dow Jones Industrial Average (-0.03%) snapped their six-session winning streaks with fractional declines.

Today's price action suggested the market was consolidating its February rally in which the S&P 500 rallied more than 5% in the prior six trading sessions. Most sectors flipped between modest gains and losses today, except for the energy sector (-1.5%), which declined 1.5%.

The materials (-0.7%) and consumer discretionary (-0.6%) sectors also underperformed, while the real estate (+0.5%) and communication services (+0.2%) sectors showed relative strength. Broader selling interest was muted, as investors respected the positive macro factors in the market.

To rehash, these factors included increasing COVID-19 vaccination rates and decreasing infection/hospitalization rates, low interest rates, optimism surrounding another fiscal stimulus bill, and better-than-expected earnings reports.

Take-Two Interactive (TTWO 200.31, -13.03, -6.1%) and DuPont (DD 73.48, -2.28, -3.0%) were among the latest companies to exceed earnings expectations and issue upbeat guidance, but the reactions were disappointing. Nucor (NUE 54.68, +0.98, +1.8%) raised Q1 EPS guidance well above consensus estimates due to positive economic trends and robust demand in the steel industry.

Separately, Electronic Arts (EA 146.11, +3.65, +2.6%), a competitor to TTWO, announced plans to acquire Glu Mobile (GLUU 12.67, +3.28, +34.9%) for $12.50/share in a cash deal worth $2.1 billion in enterprise value. The deal was a 36% premium to GLUU's closing price on Feb. 5.

U.S. Treasuries finished little changed in a tight-ranged session. The 2-yr yield increased one basis point to 0.12%, and the 10-yr yield finished flat at 1.16%. The U.S. Dollar Index fell 0.5% to 90.46. WTI crude futures increased 0.7%, or $0.38, to $58.35/bbl.

Reviewing Tuesday's economic data:

Job openings increased to 6.646 million in December from a revised 6.572 million in November (from 6.527 million).
The NFIB Small Business Optimism Index decreased to 95.0 in December from 95.9 in November.

Looking ahead, investors will receive the Consumer Price Index for January, the Treasury Budget for January, Wholesale Inventories for December, and the MBA Mortgage Applications Index on Wednesday.

Russell 2000 +16.4% YTD
Nasdaq Composite +8.7% YTD
S&P 500 +4.1% YTD
Dow Jones Industrial Average +2.5% YTD

Market Snapshot

Dow	31375.83	-9.93	(-0.03%)
Nasdaq	14007.71	+20.06	(0.14%)
SP 500	3911.23	-4.36	(-0.11%)
10-yr Note	+1/32	1.154

NYSE	Adv 1854	Dec 1342	Vol 892.0 mln
Nasdaq	Adv 2300	Dec 1625	Vol 8.6 bln

Industry Watch

Strong: Real Estate, Communication Services, Industrials

Weak: Energy, Materials, Consumer Discretionary

Moving the Market

-- Major indices set intraday all-time highs, Nasdaq and Russell 2000 close at new highs

-- Consolidation activity

-- Respecting the positive trend

WTI crude futures settle higher, but energy stocks cool down
09-Feb-21 15:25 ET

Dow +12.95 at 31398.71, Nasdaq +29.90 at 14017.55, S&P -0.89 at 3914.70
[BRIEFING.COM] The S&P 500 is trading flat, while the Russell 2000 is up 0.5% and well on its way to close at another record high.

One last look at the S&P sectors shows energy down 1.4% and materials down 0.5%. On the positive side, the communication services (+0.5%) and real estate (+0.3%) sectors outperform with modest gains.

WTI crude futures settled higher by 0.7%, or $0.38, to $58.35/bbl.

To: Return to Sender who wrote (86448)

2/10/2021 4:16:33 PM

From: Return to Sender

3 Recommendations

Recommended By
oldbeachlvr
Sam
Sr K

Read Replies (2) | Respond to of 95559

15 New 52 Week Highs and No New 52 Week Lows on the NDX Today:

New Highs:

Mon	Tues	Wed
BIDU	ANSS	ANSS
CDW	BIDU	BIDU
CSCO	CMCSA	CDW
GOOGL	ILMN	CMCSA
MRNA	NTES	ILMN
MTCH	NXPI	INTU
NXPI	OKTA	MSFT
PYPL	PYPL	MTCH
TEAM	WDAY	NVDA
WDAY		NXPI
		OKTA
		SNPS
		TEAM
		TXN
		WDAY