S&P 500 slumps more than 4% in April, snaps five-month win streak on inflation woes

S&P 500 slumps more than 4% in April, snaps five-month win streak on inflation woes. The benchmark index posted its first negative month since October 2023. This month's retreat was primarily due to market participants dialing back their interest rate cut expectations by the Federal Reserve. The S&P500 retreated 4.16% for April to end at 5,035.69 points.

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

April's top-performing sector and industry exchange-traded funds of the month. The S&P 500 Index finished April on a downturn, declining by approximately 3%. Only the utilities sector managed to avoid losses in April. The real estate sector experienced the worst performance, down by over 7%. Only five out of the 25 industries reported gains for the month of April.

The “highest quality” stocks within each sector - GS

Goldman Sachs analysts published their “high quality stock” basket. These are large-cap stocks that have strong balance sheets, a history of stable sales and earnings growth and low historical drawdown risk. The growth backdrop for the S&P 500 has improved in the past 12 months.

Top 50 stocks with the highest sensitivity to interest rates changes - GS

Goldman Sachs analysts published a list of the top 50 stocks with the highest sensitivity to interest rates changes. The basket consists of S&P 500 stocks with highest positive stock price sensitivity to changes in the nominal 10-year US Treasury yield. Goldman economists expect disinflation to continue, leading to rate cuts later this year.

SPDR Industrial Select ETF ( $XLI) Found Buyers at the Blue Box Area as Expected.

SPDRR Industrial Select ETF (XLI) rallied from 1.17.2024 low at $109.95 in 7 swings. The rally unfolded as 5 waves impulse. We expected the pullback to find buyers at the blue box area at 120.36 – 117.64. The ETF is expected to remain supported with a target area of $128 – 130.

Weekly Report: what happened at XLI last week (0422-0426)?

Earnings drive Vertiv to top industrial gainer of week, trucking stocks among losers

The Industrial Select Sector (XLI) rose +1.82% for the week ending April 26. All 11 S&P 500 sectors ended the week in the green, with trucking stocks among the decliners. Vertiv was the top industrial gainer of week, with its stock climbing +24.64%. Top five gainers in the industrial sector all gained more than +17% each this week.

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet

Big Tech earnings power S&P to best week since October 2023; focus turns to Fed meet Apr. 26, 2024. The S&p 500 (SP500) on Friday climbed 2.67% for the week to end at 5,099.96 points, posting gains in four out of five sessions. This week's gains were primarily driven by a surge in technology stocks and other heavyweight growth sectors.

30 out of 34 industrial stocks post EPS wins, while half of them beat revenue estimates - Earnings Scorecard

30 out of 34 industrial stocks post EPS wins, while half of them beat revenue estimates. The industrial sector saw a major chunk of its big players report earnings this week. The Industrial Select Sector SPDR Fund ETF has risen about 7.55% since the start of the year.

YoY core PCE supports the status quo Fed Funds rate until later in the year - WF

Despite first quarter GDP and core PCE surprises, the S&P 500 is up 1.6% week-to-date. Year-over-year change has decelerated for core PCe, but still supports a positive momentum for equities. The VIX is down to 15, but history suggests we haven't seen peak in the first half of the year.

Why The Market Rally May Still Have Room To Run, Even If Tech Stocks Falter

Home Market Outlook Today's Market Why The Market Rally May Still Have Room To Run, Even If Tech Stocks Falter. Michael Craig, Managing Director and Head of Asset Allocation at TD Asset Management, discusses the outlook for tech stocks and the broader implications for markets.

Equities Play A Waiting Game

Consumption continued to drive growth in the first quarter. The waiting game continues for the U.S. Federal Reserve and other major central banks to cut interest rates this year. 2024 is shaping up to be a “normal” expansionary year with healthy levels of economic growth and inflation.

Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?

The S&P 500 fell 0.4% in midday trading in New York. The yield on the 30-year Treasury bond has surged to 4.79%, the highest level since early November. The Japanese yen tumbled to the lowest level since June 1990. Tesla Inc. Posted lower-than-expected results last quarter, but shares rose 10%.

All S&P Utility stocks are above 50-day MA, less than 10% of Info Tech names are

North America Construction Outlook: Politics And Policy Rates Test The Sector's Resilience

North American construction sector performed well in 2023. Mexico was top, experiencing rapid growth. In the US, a lack of existing homes for sale meant demand for new homes remained resilient despite high mortgage rates. 2024 and beyond is likely to be more challenging for the construction sector.

The Outlook For The U.S. Economy Is Bullish

Beyond "Big Six:" Why Choose Non-Cyclical Sector ETFs?

FedEx: Cost Cuts Paying Off, Big EPS Growth Expected

FedEx is a compelling buy following a strong Q3 2024 report in March. FedEx is focused on reducing its costs and has impressive EPS growth forecasts from the sell-side. IShares Transportation Average ETF has been losing steam, but FedEx has bucked the trend. I see the transport stock as a buy on valuation while its technical situation has improved.

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?

The S&P 500 rose 1.2% in midday trading on Tuesday, its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%. Economic data indicated a deceleration in private sector growth in April. Fears for a potential Federal Reserve rate cut by the end of the summer jumped to 72% from 67% on Monday.

GE's Stock Gains, As Combined Results Of GE Aerospace And GE Vernova Rose Above Forecasts -- MarketWatch

Shares of GE Aerospace (GE) gained 0.7% in premarket trading Tuesday. The maker of jet engines used in commercial and military aircraft reported first-quarter results above expectations. GE's stock has soared 47.6% year to date. GE Aerospace expects 2024 revenue to rise 15% to $8.1 billion.