What’s likely to move the market

by Pelican Press
19 views 20 minutes read

What’s likely to move the market

A trader wearing a Trump hat works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 6, 2024.

Bloomberg | Bloomberg | Getty Images

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching as the major averages jumped to fresh all-time highs, and what’s on the radar for the next session.

The Trump rally

  • If you missed it the Russell 2000 picked up 5.84% on Wednesday, hitting a new 52-week high.
  • The Dow Jones Industrial Average was up 3.57%, hitting a fresh all-time high.
  • The Nasdaq Composite was up 2.95% Wednesday, posting a new record.
  • The S&P 500 was up 2.53%, also hitting a new high
  • We’ll follow these market stories closely to see if the move higher can continue.
Stock Chart IconStock chart icon
hide content

The S&P 500 in 2024

Sector check

  • Financials were the biggest sector mover Wednesday, up 6.16%, hitting a new high.
  • Industrials were up 3.93% Wednesday, hitting a new high.
  • Energy was up 3.54% in the session. It’s now 4.28% from the April high.
  • Real Estate fell 2.64% during trading. It’s now 5.6% from the high. 
  • Consumer Staples fell 1.5%. The sector is 5.76% from the September high.
  • Utilities fell 1%. It’s now 5.72% from the mid-October high.
  • Duke Energy reports Thursday morning. The stock is flat over the past three months, and it is 6.3% from the October high.

The transports

Stock Chart IconStock chart icon
hide content

ArcBest shares in 2024

Mortgage rates

  • CNBC TV’s Diana Olick will be tracking the numbers.
  • The 10-year Treasury note yield rose to 4.43% Wednesday.
  • The SPDR S&P Homebuilders ETF (XHB) is up more than 2% so far this week.
  • Lennar fell 4.8% in the session. The stock is 13% from the September high.
  • D.R. Horton dropped 3.8% Wednesday. The stock is 16.6% from the 52-week high.
  • PulteGroup fell 3% during the day. The stock is 13.6% from the October high.
  • KB Home fell 2.6%. The stock is 11% from the September high.
  • Taylor Morrison dropped 1.44% Wednesday. The stock is 1.8% from the September high.

Lyft

  • The ride-sharing company reported Wednesday afternoon.
  • CEO David Risher will be on “Squawk Box” in the 8 a.m. hour, Eastern.
  • The stock is 31% higher over the past three months.
  • Lyft is still 30% from the March high.
Stock Chart IconStock chart icon
hide content

Lyft in the past three months

Arm Holdings

  • The new chipmaker on the block, relatively speaking, reported quarterly earnings Wednesday afternoon.
  • CEO Rene Haas will be on CNBC TV in the 10 a.m. hour.
  • Arm is up roughly 28% in the past three months
  • The stock is 23% from the July high.

Hershey

  • The chocolate company is down 11% over the past three months.
  • Hershey is 16.6% from the May high.
Stock Chart IconStock chart icon
hide content

Hershey shares in 2024

Carlyle Group

  • The global investment firm is up about 38% in the past three months.
  • Carlyle hit a new high Wednesday.

Datadog

  • The cloud company reports Thursday before the bell.
  • The stock is up around 22% in the past three months.
  • Datadog is 7.4% from the February high.

Cloudflare

  • The company reports Thursday after the bell.
  • Cloudflare is up 21% in three months.
  • The stock is 20% from the February high.



Source link

#Whats #move #market

You may also like