Market Moovers | Stocks in the Green, But Semis Falling
Good morning mooers! Trees are budding flowers and Spring is underway here in Jersey City, I'm Kevin Travers, moomoo news and community manager, and here are today's moovers.
ANSWER BELOW : What stock are you watching this week?
RECAP
The in the afternoon the market was climbing higher but some mornign climbers turned negative. 8,142 U.S. stocks were climbing compared to just 3,517 falling.
Shortly after 2 pm EST, the $S&P 500 Index climbed 0.31%. The $Dow Jones Industrial Average climbed 0.65%, and the $Nasdaq Composite Index climbed 0.04%.
U.S Treasury yields fell, the$U.S. 10-Year Treasury Notes Yield fell to 4.22%.
MACRO
The market eagerly awaits the CPI and PCE reports, to show how consumer and producer prices felt the forces of inflation in Febuary. With the FOMC holding firm, it will take a clear sign inflation is on the way down before rates follow, committee members have said. Fed's Waller Speaks today at 6 PM.
SECTORS
Semiconductors, as an industry sector, led declines.
The entire group was down about 1.7% as tracked by moomoo, with favorite names like $Marvell Technology , and $Intel in the green while $Astera Labs pulled back 4% after a public listing climb.
OPTIONS
GameStops options Call:Put ratio is 58:42, leaning green, while the stock falls 14% after Q4 sales fell 20% year over year during a holiday quarter.
Carnival options Call:Put ratio sat at 71:29, with many contracts near the current trading price facing high volume. Carnival reported a positive 2024 profit forecast, and record cruise ship demand this year, but the stock still pulled back slightly.
COMPANIES
Within the S&P, $Cintas climbed 7.56% on upbeat earnings as the highest earner. On the other side of the coin, $Arista Networkswas leading decliners, down 4.12%. $NVIDIA was the second largest decline, nar -2.7% followed by $Super Micro Computer$, down about 2-3%, though not enough to pull the index out of the green.
In trending stocks, $Reddit(RDDT.US$ fell back from recent gains -8%, while $Trump Media & Technology(DJT.US$ climbed 12%.
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.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors readCharacteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
Disclaimer: Options trading entails significant risk and is not appropriate for all customers. It is important that investors readCharacteristics and Risks of Standardized Optionsbefore engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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