XLI

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