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

To: Return to Sender who wrote (86980)

6/9/2021 5:12:17 PM

From: Return to Sender

Respond to of 95523

Market Snapshot

briefing.com

Dow	34447.14	-152.68	(-0.44%)
Nasdaq	13911.75	-13.16	(-0.09%)
SP 500	4219.55	-7.71	(-0.18%)
10-yr Note	+26/32	1.500

NYSE	Adv 1538	Dec 1746	Vol 941.9 mln
Nasdaq	Adv 1983	Dec 2239	Vol 5.6 bln

Industry Watch

Strong: Health Care, Utilities, Real Estate, Information Technology

Weak: Financials, Industrials, Materials, Energy, Consumer Discretionary

Moving the Market

-- S&P 500 faced strong resistance yet again at all-time levels

-- 10-yr yield settled near the bottom of three-month consolidation range, reflecting peak inflation expectations

-- Cyclical sectors underperformed

Another unsuccessful attempt at record highs
09-Jun-21 16:20 ET

Dow -152.68 at 34447.14, Nasdaq -13.16 at 13911.75, S&P -7.71 at 4219.55
[BRIEFING.COM] The S&P 500 decreased 0.2% on Wednesday and was unsuccessful yet again at setting new all-time highs. The Nasdaq Composite (-0.1%) and Dow Jones Industrial Average (-0.4%) also closed slightly lower while the Russell 2000 (-0.7%) underperformed with a 0.7% decline.

Overall price action was tight ranged for most of the session, fueling suspicions that the market was either teasing investors with record highs or market participants tacitly agreed to wait and see for tomorrow's CPI report for May.

The S&P 500 came within one point of its all-time intraday high (4238.04) in the opening minutes of action and slipped into the close after another rejection at its all-time closing high (4232.60).

Losses were concentrated in the cyclical financials (-1.1%), industrials (-1.0%), materials (-0.8%), and energy (-0.6%) sectors on no specific macro drivers, outweighing the gains in the health care (+1.0%), utilities (+0.9%), real estate (+0.2%), and information technology (+0.1%) sectors.

Notably, the 10-yr yield declined four basis points to 1.49%, settling near the bottom of its three-month consolidation range and signaling peak inflation expectations. The 2-yr yield remained unchanged at 0.14%. This curve-flattening activity acted as a headwind for the financials sector.

UPS (UPS 201.06, -8.70, -4.2%) struggled with a 4% decline, weighing on the industrials sector, after underwhelming shareholders with financial targets for 2023.

In the health care space, Merck (MRK 74.01, +1.64, +2.3%) signed a supply agreement with the U.S. government for a COVID-19 experimental pill. In addition, reports indicated that the government plans to purchase vaccine doses from Pfizer (PFE 39.81, +0.96, +2.5%) and Moderna (MRNA 217.44, +4.44, +2.1%) to donate to the world.

The U.S. Dollar Index increased 0.1% to 90.16. WTI crude futures settled lower by 0.3% (-$0.18) to $69.90/bbl.

Reviewing Wednesday's economic data:

Wholesale inventories increased 0.8% m/m in April (Briefing.com consensus 0.8%) following a downwardly revised 1.2% increase (from +1.3%) in March.
The weekly MBA Mortgage Applications Index decreased 3.1% following a 4.0% decline in the prior week.

Looking ahead, investors will receive the Consumer Price Index for May, the weekly Initial and Continuing Claims report, and the Treasury Budget for May on Thursday.

Russell 2000 +17.8% YTD
Dow Jones Industrial Average +12.6% YTD
S&P 500 +12.3% YTD
Nasdaq Composite +7.9% YTD

Crude futures settle slightly lower
09-Jun-21 15:25 ET

Dow -84.12 at 34515.70, Nasdaq +17.14 at 13942.05, S&P -0.34 at 4226.92
[BRIEFING.COM] The S&P 500 continues to trade unchanged or about six points below its all-time closing high (4232.60).

One last look at the S&P 500 sectors shows five sectors trading higher and six trading lower. The health care (+1.0%) and utilities (+0.9%) sectors are up about 1.0% while the financials (-0.9%) and industrials (-0.8%) sectors are down nearly 1.0%.

WTI crude futures retraced below $70.00 per barrel and settled lower by 0.3% (-$0.18) to $69.90/bbl.

To: Return to Sender who wrote (86980)

6/10/2021 4:14:21 PM

From: Return to Sender

3 Recommendations

Recommended By
oldbeachlvr
Sam
The Ox

Read Replies (1) | Respond to of 95523

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

New Highs:

Mon	Tues	Wed	Thur
BIIB	ADI	ADI	ADI
CSCO	ASML	ADP	ADP
FB	EBAY	ALXN	ALXN
MRNA	FB	EBAY	ASML
NVDA	INTU	EXC	CSCO
PAYX	PAYX	INTU	EBAY
TMUS	TMUS	MXIM	EXC
		PAYX	GOOGL
		TMUS	IDXX
			INTU
			MXIM
			PAYX
			TMUS