Stock Market News Brief

Daily Stock Market Recap at 10:30, 12:45 and 16:00

Technical, fundamental and statistical analysis of the stock market based on real time price and volume movements, relative performance among sector & industry as well as other economic data.

US Market Briefing   Wednesday, July 24, 2024 10:30 AM

US Market opens down in the first trading hour on Wednesday, July 24, 2024. The BullLabs total market index had a loss of 0.54% from the end of last trading day. The trading volume is light, at 0.78 times of the three-month average trading volume within the same intraday period.

For the market breadth, a total of 182 or 29% of stocks went up as oppose to 421 or 67% of stocks went down in 624 total stocks tracked by the index. The advance and decline numbers are in consistent with the price movement of the market.

The Utilities sector leads the market with a gain of 0.36%, followed by the Health Care sector with a loss of 0.12%. The Information Technology sector is the bottom performer with a loss of 2.15%. In comparing all 69 industrial groups, the Life Sciences Tools & Services industry leads the market with a gain of 1.72%, followed by the Leisure Products industry, an industry lagger from the previous session, with a gain of 1.58%. The Automobiles industry is the bottom performer with a loss of 7.77%. Defensive sectors have led the market, indicating investors are cautious about the market going forward and are looking for safety.

For major US market indexes, the S&P 500 trades at 5,477.58 with a loss of 1.41%. The tech-dependent Nasdaq Composite index trades at 17,631.94 with a loss of 2.03%. The iconic Dow Jones Industrial Average is at 40,013.13 with a loss of 0.85%. The Russell 3000 index trades at 3,124.49 with a loss of 1.42%.

Among individual stocks, Enphase Energy Inc (ENPH) has a gain of 9.61% with high trading volume (3.57 times of regular volume). Seagate Technology Plc (STX) has a gain of 7.28% with high trading volume (5.75 times of regular volume). CoStar Group Inc (CSGP) has a gain of 5.97% with high trading volume (4.01 times of regular volume). General Dynamics Corp (GD) has a loss of 5.03% with high trading volume (2.29 times of regular volume). Otis Worldwide Corp (OTIS) has a loss of 5.27% with high trading volume (2.90 times of regular volume). Fortive Corp (FTV) has a loss of 6.69% with high trading volume (3.88 times of regular volume). Roper Technologies Inc (ROP) has a loss of 7.03% with high trading volume (2.88 times of regular volume). Tesla Inc (TSLA) has a loss of 11.90% with high trading volume (2.72 times of regular volume). Lamb Weston Holdings Inc (LW) has a loss of 25.95% with high trading volume (15.44 times of regular volume).

Bull Total Market Index intraday chart