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Sector Performance

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Markets hover near highs as CPI data and earnings loom
markets24 days ago

Markets hover near highs as CPI data and earnings loom

U.S. stocks finished the day higher with the S&P 500 and Nasdaq at intraday and closing highs and the Dow up ~0.2%, while futures sat near flat ahead of April’s CPI release. Oil rose after Trump called the Iran ceasefire weak, and traders looked ahead to earnings from Under Armour, Vodafone, On Holding, Aramark, eToro and Tencent Music. Six of 11 GICS sectors gained led by energy, with communication services the day’s laggard. In after-hours trading, Hims & Hers, GitLab and Cleanspark moved on earnings guidance and restructuring news, as markets prepare for CPI figures, wages data, and treasury budget figures.

via CNBC|
#cpi#earnings-season#markets
Expanding Stock Market Rally Signals Shift in Investment Landscape
finance2 years ago

Expanding Stock Market Rally Signals Shift in Investment Landscape

The recent stock market rally in the US has led to a "fairly uncommon" occurrence, with a majority of the S&P 500 sectors simultaneously closing at 52-week highs. This broader market strength contrasts with the narrow leadership that drove gains earlier in the year. While historically this simultaneous sector performance has been followed by weaker short-term returns, it aligns with long-term norms.

via MarketWatch|
#broadening-breadth#finance#market-rally
Thanksgiving Week: A Bullish Boost for Stocks
finance2 years ago

Thanksgiving Week: A Bullish Boost for Stocks

Thanksgiving week has historically been a bullish period for the stock market, with the S&P 500 ending the week in the green three-quarters of the time since 1961. Wednesdays just before Thanksgiving have delivered the best historical gains. Energy has been the best-performing sector during this week, followed by materials, tech, consumer discretionary, and communication services. Financials have fared the worst. The bullish seasonals continue into the new year, with November to January being the best consecutive three-month span and the "Santa Claus Rally" typically occurring. Investors can consider a super-seasonal trade by buying the Tuesday before Thanksgiving and holding through the second trading day of the new year, which has historically resulted in an average gain of 2.57% for the S&P 500.

via Yahoo Finance|
#finance#sandp-500#seasonal-bullishness