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Five Down Days While Treasuries Climb | Wall Street Today

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Moomoo Recap US joined discussion · Apr 18 15:27
Five Down Days While Treasuries Climb | Wall Street Today
Indexes closed  a little higher but trended downward for the fifth session in a row. U.S. Treasury yields climbed for a second day, finishing at nearly at 5%.
The $S&P 500 Index closed lower by 0.22%. The $Dow Jones Industrial Average kept flat, and the $Nasdaq Composite Index fell 0.52%.
Thursday, the $U.S. 10-Year Treasury Notes Yield(US10Y.BD)$ climbed to 4.63, up 0.58%, and the $U.S. 2-Year Treasury Notes Yield(US2Y.BD)$ climbed to 4.98, up 0.70%.
MACRO
Around noon, Fed's Bostic spoke and said U.S. inflation is still to high, but he was comfortable to wait on moving rates. He said he did not see recession on the horizon.
This morning saw weekly initial jobless claims stay at the same level as last week, at about 212k. Federal reserve New York President John Williams spoke in the morning and said interest rates were in a "good place," and there was no rush to lower them.
He said raising them would not be his next choice either, but rather keep them in place, and eventually they must come down. The comments come after a myriad of Fed commentary, including the official Beige Book of economic qualitative data from the Feds twelve districts.
Fed's Powel Tuesday warned rates would have to stay in place for longer until the Fed was sure of the results.
SECTORS
In sectors tracked by moomoo, 'Internet Content Services' and 'Semiconductors' faced off with opposing gain and loss. Internet companies, lead by a 25% jump in $Trump Media & Technology(DJT.US)$, climbed 0.65%.
Five Down Days While Treasuries Climb | Wall Street Today
Semiconductors, after a 3% industry wide drop after disappointing $ASML Holding(ASML.US)$ numbers Wednesday, fell a further 1%, lead by a 4% drop in $Taiwan Semiconductor(TSM.US)$.
Five Down Days While Treasuries Climb | Wall Street Today
MOOVERS
$Monarch Casino & Resort(MCRI.US)$, a casino stock that posted disappointing earnings Wednesday and became the largest relative decliner by market cap on the Nasdaq. It fell about 4%, while $Las Vegas Sands(LVS.US)$ also fell 7% on earnings, the largest decliner on the S&P 500.
$Netflix(NFLX.US)$ reported quarterly earnings of $5.28 per share which beat the analyst consensus estimate of $4.51 by 17.07 percent. The firm reported net new subscribers of 9.3M, nearly twice the estimate of 4M.
$UnitedHealth(UNH.US)$ continued to pull up the Dow Jones, up 4% after their earnings were not as disappointing as investors feared following a cyber attack.
$Genuine Parts(GPC.US)$ pulled up the S&P with its 10% gap up gain after reporting less net income a year earlier, but a higher full year eps forecast.
$Taiwan Semiconductor(TSM.US)$ fell 4% after earnings Thursday morning that showed NT$90B in year over year revenue growth, but not as exciting of an outlook as expected.
Mooers, what are you watching?
Source: Bloomberg, Dow Jones, CNBC, Reuters
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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