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To: Return to Sender who wrote (87040)

6/28/2021 4:50:37 PM

From: Return to Sender

4 Recommendations

Recommended By
oldbeachlvr
Sam
Sr K
The Ox

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Market Snapshot

briefing.com

Dow	34283.27	-150.57	(-0.44%)
Nasdaq	14500.51	+140.12	(0.98%)
SP 500	4290.61	+9.91	(0.23%)
10-yr Note	+27/32	1.473

NYSE	Adv 1395	Dec 1934	Vol 920.0 mln
Nasdaq	Adv 2015	Dec 2329	Vol 4.2 bln

Industry Watch

Strong: Information Technology, Communication Services, Utilities

Weak: Energy, Financials, Industrials, Materials

Moving the Market

-- S&P 500 and Nasdaq extend reach into record territory

-- Cautious reports highlighting the spread of the Delta coronavirus variant and accompanying restrictions imposed in foreign countries

-- Growth stocks outperformed as 10-yr yield fell seven basis points to 1.47%

-- Cyclical/value stocks struggled in negative territory

Mega-caps push S&P 500 and Nasdaq further into record territory
28-Jun-21 16:15 ET

Dow -150.57 at 34283.27, Nasdaq +140.12 at 14500.51, S&P +9.91 at 4290.61
[BRIEFING.COM] The S&P 500 (+0.2%) and Nasdaq Composite (+1.0%) both set intraday and closing record highs on Monday, although it was the Nasdaq that leaped ahead by a sizable margin while the Dow Jones Industrial Average (-0.4%) and Russell 2000 (-0.5%) closed lower. The mega-cap stocks drove the outperformance of the Nasdaq.

Today's action was influenced by cautious reports highlighting the spread of the Delta coronavirus variant and the restrictions several countries imposed to curb infections. The macro backdrop fed into concerns about peak growth rates and contributed to defensive positioning in the heavily-weighted growth stocks and Treasuries.

These growth concerns were directly manifested in the underperformance of cyclical energy (-3.3%), financials (-0.8%), and industrials (-0.5%) sectors, a seven-basis-point decline in the 10-yr yield to 1.47%, and lower oil prices ($72.82/bbl, -1.14, -1.5%). Fortunately, the lower rates played a key part in helping drive the rotation into growth stocks.

The S&P 500 information technology sector (+1.1%), the Philadelphia Semiconductor Index (+2.5%), the Vanguard Mega Cap Growth ETF (MGK 231.01, +2.19, +1.0%), and the ARK Innovation ETF (ARKK 130.23, +4.74, +3.8%) -- places where many growth stocks reside -- notably outperformed the S&P 500.

In the mega-cap space, Facebook (FB 355.64, +14.27, +4.2%) rose 4% and hit a $1 trillion market capitalization after a U.S. district court dismissed the FTC's antitrust lawsuit against the company. NVIDIA (NVDA 799.40, +38.16, +5.0%) nearly hit a $500 billion market capitalization after several Arm customers voiced support for NVDA's acquisition of Arm.

The Facebook news gave the communication services sector (+0.8%) a nice intraday boost and helped the S&P 500 and Nasdaq finish on a high note. Separately, Boeing (BA 239.96, -8.42, -3.4%) weighed on the Dow, as reports suggested the company may not get FAA certification for its 777X until mid-2023.

The 2-yr yield declined two basis points to 0.25%. The U.S. Dollar Index increased 0.1% to 91.90.

Investors did not receive any economic data on Monday. Looking ahead, the Conference Board's Consumer Confidence Index for June, the FHFA Housing Price Index for April, and the S&P Case-Shiller Home Price Index for April will be released on Tuesday.

Russell 2000 +17.6% YTD
S&P 500 +14.2% YTD
Nasdaq Composite +12.5% YTD
Dow Jones Industrial Average +12.0% YTD

Facebook hits $1 trillion market cap after court dismisses FTC antitrust lawsuit
28-Jun-21 15:25 ET

Dow -184.72 at 34249.12, Nasdaq +126.35 at 14486.74, S&P +6.37 at 4287.07
[BRIEFING.COM] The S&P 500 is trading near session highs with a 0.2% gain while the Russell 2000 lags with a 0.7% decline.

Facebook (FB 354.33, +12.94, +3.8%) has recently reached a $1 trillion market capitalization after a U.S. district court dismissed an FTC antitrust lawsuit against the company. The communication services sector (+0.7%), where Facebook resides, is the second-best performing sector today.

WTI crude futures settled lower by $1.14 (-1.5%) to $72.82/barrel.

To: Return to Sender who wrote (87040)

6/29/2021 4:38:41 PM

From: Return to Sender

3 Recommendations

Recommended By
oldbeachlvr
Sam
Sr K

Read Replies (2) | Respond to of 95572

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

New Highs:

Mon	Tues
ADBE	ADBE
ADI	ADI
ALXN	COST
CHTR	CPRT
COST	CTAS
CPRT	EBAY
CTAS	IDXX
EBAY	INTU
FB	ISRG
IDXX	MRNA
INTU	MRVL
ISRG	MSFT
MRVL	MXIM
MSFT	NVDA
MXIM	PAYX
NVDA
PAYX
VRSN