Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Return to Sender who wrote (86742)	4/8/2021 4:25:21 PM
From: Return to Sender	2 Recommendations Recommended By oldbeachlvr Sr K Read Replies (1) \| Respond to of 95616

Mega-caps provide heavy lifting in record session for S&P 500 08-Apr-21 16:15 ET Dow +57.31 at 33503.57, Nasdaq +140.47 at 13829.34, S&P +17.22 at 4097.17 briefing.com [BRIEFING.COM] The S&P 500 increased 0.4% on Thursday, setting intraday and closing record highs in the process amid continued appreciation in the mega-caps and growth stocks. The Nasdaq Composite (+1.0%) and Russell 2000 (+0.9%) outperformed the benchmark index, while the Dow Jones Industrial Average (+0.2%) underperformed. Apple (AAPL 130.36, +2.46, +1.9%) and Microsoft (MSFT 253.25, +3.35, +1.3%) were some of the more influential gainers today on no specific catalysts, with Apple brushing off a report from the Nikkei that it's delaying MacBook and iPad production due to the global semiconductor shortage. The S&P 500 information technology sector, where AAPL and MSFT reside, easily topped the sector standings with a 1.4% gain. The consumer discretionary sector (+0.5%) was a distant second, while the lightly-weighted energy (-1.4%) and real estate (-0.6%) sectors underperformed in negative territory. The lack of market-moving news behind the steady advance in the mega-caps suggested there were several underlying factors: a recognition that long-term interest rates have cooled off this month, money continuing to reshuffle into these Q1 laggards, and investors possibly front running Q1 earnings reports that are expected to be strong. Elsewhere, Fed Chair Powell spoke about the global economy in an event hosted by the IMF today and rehashed the Fed's dovish policy stance since the economic recovery is still uneven and incomplete. On a related note, weekly initial claims increased by 16,000 to 744,000 (Briefing.com consensus 678,000). In other corporate news, Visa (V 220.70, +1.43, +0.7%) pared intraday gains after Bloomberg reported that the Department of Justice will investigate the company's incentives that it provides banks as part of its antitrust probe. Constellation Brands (STZ 224.21, -10.73, -4.6%) fell 4.6% after guiding FY22 EPS below consensus. U.S. Treasuries settled slightly lower in a quiet session. The 2-yr yield decreased two basis points to 0.14%, and the 10-yr yield decreased two basis points to 1.63%. The U.S. Dollar Index decreased 0.4% to 92.08. WTI crude futures decreased 0.2%, or $0.10, to $59.61/bbl. Reviewing Thursday's economic data: Initial claims for the week ending April 3 increased 16,000 to 744,000 (Briefing.com consensus 678,000). Continuing claims for the week ending March 27 decreased 16,000 to 3.734 million. The key takeaway from the report is that it is disappointing labor market data that will convince the Fed that it needs to be patient before removing policy accommodation. Looking ahead, investors will receive the Producer Price Index for March and Wholesale Inventories for February on Friday. Russell 2000 +13.6% YTD Dow Jones Industrial Average +9.5% YTD S&P 500 +9.1% YTD Nasdaq Composite +7.3% YTD WTI crude futures settle slightly lower 08-Apr-21 15:25 ET Dow +48.62 at 33494.88, Nasdaq +124.51 at 13813.38, S&P +16.62 at 4096.57 [BRIEFING.COM] The S&P 500 continues to trade higher by 0.4% and is on track to close at a record high. One last look at the S&P 500 sectors shows information technology (+1.3%) firmly in the lead, followed by consumer discretionary (+0.5%) and materials (+0.3%) with modest gains. The energy sector (-1.4%) underperforms with a 1.4% decline. No other sector is down more than 0.3%. WTI crude futures settled lower by 0.2%, or $0.10, to $59.61/bbl.

To: Return to Sender who wrote (86742)

4/10/2021 12:59:12 PM

From: Return to Sender

4 Recommendations

Recommended By
oldbeachlvr
Sr K
The Ox
Winfastorlose

Read Replies (2) | Respond to of 95616

5 New 52 Week Highs on the NDX and No New 52 Week Lows:

New Highs:

Mon	Tues	Wed	Thur	Fri
ADI	DLTR	FB	CDW	GOOGL
ADP	FAST	GOOGL	EXC	INTC
AMAT	FB	LRCX	FB	MSFT
ASML	LRCX	MSFT	GOOGL	ORLY
CDW	MU		KDP	ROST
CSCO	ORLY		LRCX
CSX	SBUX		MNST
DLTR	WBA		MSFT
FB			MU
GOOGL			ROST
KLAC			SBUX
LRCX
MSFT
NXPI
ORLY
PAYX
TXN
WBA