What’s likely to move the market

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 S & P 500 and the Dow Jones Industrial Average closed at new records, and what’s on the radar for the next session. The markets and the Great American Hedge Funds CNBC TV’s Mike Santoli reported on the “Closing Bell: Overtime” program Tuesday (live at 4 p.m. Eastern on weekdays) that “net leverage is at a multi-year high” for hedge funds. He also said many “of these funds are fully involved in the market.” Add in low volatility, and that’s a green light to take more risk. It isn’t necessarily a sign that stocks will go up or down from here, but the 30-stock Dow hit another high Tuesday. The index is up 7.4% in November. The S & P 500 hit another high Tuesday. It is up 5.5% in November. The Nasdaq Composite is less than 1% from the Nov. 11 high. The Russell 2000 hit a new high Monday. It is currently 1.7% from the peak hit around 11:30 a.m. in the prior session. Four S & P sectors hit highs on Tuesday: consumer discretionary, financials, industrials and utilities. Four other sectors — consumer staples, real estate, tech and communication services — are within 2% of a high. Energy is 3.6% from the April high. The materials Sector is 4% from the October high. Health care is 7% from the August high. You’ll recall from “Sectornomics” this month that it is the weakest performing sector of the year. Health care is up about 7% in 2024, and it’s advanced 11.5% in the past 12 months. .RUT YTD mountain The Russell 2000’s performance in 2024 American Express CEO Stephen Squeri will be on CNBC TV in the 11 a.m. hour on Wednesday. American Express hit a new high Tuesday. The stock is up 7% in a week, up 20% in three months. The banks CNBC TV’s Emily Wilkins will report on what the House Financial Services Committee will look at in the next Congress, who the leader will be and the impact on banks. The SPDR S & P Regional Banking ETF (KRE) is up 4.3% in a week and up 15% since the election. The SPDR Bank ETF (KBE) is up 4.3% in a week and 13.7% since the election. The S & P financial sector is up about 3% in a week and 9.4% since the election. JPMorgan is up nearly 13% since the election. Goldman Sachs is up about 15% since the election. Citigroup is up 9.5% since the election. Bank of America is up 14% since the election. Wells Fargo is up about 21% since the election. Morgan Stanley is up 11.4% since the election. They all hit highs in recent days. Morgan Stanley is down 3.6% from Monday’s high. KRE 5D mountain SPDR S & P Regional Banking ETF (KRE) over the past five trading days Retail’s big five days CNBC TV’s retail reporter Courtney Reagan will be on the case as the shopping season begins. Just days before Black Friday, the SPDR S & P Retail ETF (XRT) is up 5.6% in a week and 10.4% in November. The ETF hit a high Monday but has fallen 2.5% from that level. GameStop is up roughly 37% in November. Bath & Body Works is up 24% in November. Victoria’s Secret is up about 24% in November. Buckle is up nearly 22% in November. The mall has got it all Here are some of the big mall operator and anchor mall stocks ahead of the shopping season. Department store Dillard’s is up 21% in November. The stock is 5.5% from the April high. Macerich is up almost 12% in November. It hit a high Tuesday before dropping 2.2% from that level. Tanger is up nearly 11% in November. It is near the high hit last week. Nordstrom is up 8.9% in November. The stock is just off the high hit Monday. The company beat estimates in the earnings report released Tuesday after the bell. The stock is slightly lower after hours. Simon Property is up 8.5% in November. The stock is just off last week’s high. Macy’s is up 3.6% in November. Shares are 28% from the March high. DDS YTD mountain Dillard’s shares in 2024 Starbucks CNBC stock man Tom Rotunno has been watching Starbucks and will stay on the case Wednesday. The stock is 3% from the high reached earlier this month. It is up about 10% since the new CEO Brian Niccol took over in September. One of the things Rotunno has been watching is Starbucks’ falling supply of fixed price contracts for coffee. Coffee , the commodity, is up 31% since Niccol took over in September . Coffee is up 83% in a year. Starbucks, according to a source familiar, is lowering bonus payments for executives due to the company’s less-than-optimal year. Thanks to CNBC desk man David Sucherman and CNBC TV’s restaurants reporter Kate Rogers for bringing this to our attention. The stock is up nearly 5% year to date. It’s up 27% in six months but down 2% in the last 12 months. It isn’t a Frappuccino to Frappuccino comparison, but Dutch Bros is up 67% year to date and 83% in a year.