|Day's Range||1,817.96 - 1,825.54|
|52 Week Range||1,475.38 - 1,826.23|
The S&P 500 started this week on a stronger note. It rose on September 18 and carried the buying momentum forward from last week.
After falling last week amid geopolitical concerns, the S&P 500 regained strength this week. It rose in the first three trading days this week.
The S&P 500 opened strong on Tuesday and rose as the day progressed. On September 12, nine out of the S&P 500’s 11 major sectors moved higher.
On September 11, 2017, all of the S&P 500’s 11 major sectors moved higher. The rally in the financials and IT sectors drove the market higher.
Last week, the Energy Select Sector SPDR Fund (XLE) rose 1.3% and was the second-largest gainer after XLV among the sector-based SPDR ETFs.
On August 31–September 7, 2017, the S&P 400 Mid-Cap Index (IVOO) had the third most negative correlation of 77.6% with US crude oil active futures.
Micron's (MU) technical indicators show that the stock price is softening near its 52-week high of $32, as shareholders have begun to fear a downturn.
After rising for two consecutive trading weeks, the S&P 500 pulled back this week. It started the week on a weaker note by falling on Tuesday.
Micron is focused on reducing costs and increasing value-add solutions in its product mix in its attempt to leverage this uptrend in the memory market.
Between August 24 and August 31, 2017, the S&P 400 Mid-Cap Index (IVOO) had the second-highest correlation of 72.3% with US crude oil active futures among our list of equity indexes.
While PC continues to be Intel's largest segment, contributing 55% to total revenues, Intel has reduced its spending in the declining PC market.
After regaining strength last week by breaking the two-week losing streak, the S&P 500 started this week on a mixed note.
As the world moves towards connected technology, more companies are looking to grab a share of the data center market. Intel (INTC) dominates the server processor market, with a ~99%…
The slowdown in innovation is giving competitors including Advanced Micro Devices, TSMC, and Samsung a chance to bridge the technology gap they have with Intel.
The S&P 500 regained strength last week and broke a two-week losing streak. It started this week on a mixed note by closing almost flat on Monday.
On August 17, 2017, Broadcom had a PS ratio of 6.1x which is higher than Qualcomm’s (QCOM), Texas Instruments’ (TXN), and Intel’s (INTC) PS ratios of ~3.4x, ~5.6x, and ~2.7x, respectively.
Between August 18 and 25, 2017, the S&P 400 Mid-Cap Index (IVOO) rose 1%. During this period, the FTSE 100 Index (EWU) rose 1.1% while the CAC 40 Index (EWQ) fell 0.2%.
After falling on August 24, the S&P 500 started higher on August 25 and closed with gains. Nine out of its 11 major sectors closed positive on Friday.
The S&P 500 regained strength last week and broke its losing streak. It rose in three out of five trading days last week and ended the week with profits.
On August 17–24, 2017, US equity indexes such as SPY, DIA, and IVOO had negative correlations of 4.7%, 25.1%, and 7.1% with US crude oil active futures.