Get frequent stock market updates that focus on broad U.S. and international markets approximately every half-hour starting at 6 a.m. ET with foreign market and U.S. futures summaries and market briefs. Get up to speed on premarket activity such as stock specific news headlines, ratings changes, earnings, economic events, and futures as well as overnight developments from Asian and European equity and foreign exchange market activity. After the open, not only will our market briefing keep you updated on market action, data, and events, but we’ll also keep you abreast of sector and industry performance as well as market sentiment and flow. Shortly after the close, our final stock market update provides a concise review of the day’s market action and events and highlights key items that may have an impact on the stock market on the following trading day.
| Dow | 48124.76 | -291.59 | (-0.60%) |
| Nasdaq | 23083.31 | +25.87 | (0.11%) |
| SP 500 | 6797.82 | -18.68 | (-0.27%) |
| 10-yr Note | |||
| NYSE | Adv 970 | Dec 1715 | Vol 462.33 mln |
| Nasdaq | Adv 1873 | Dec 2493 | Vol 6.04 bln |
| Strong: Information Technology, Consumer Discretionary, Communication Services |
| Weak: Energy, Health Care, Consumer Staples, Real Estate, Financials, Utilities, Industrials, Consumer Staples, Materials, Communication Services |
--November nonfarms payroll report better than expected, though not particularly strong --Broad-based retreat after solid participation yesterday --Sharp slide in oil prices amid growing hopes for a Russia-Ukraine peace deal, which could set the path for Russia's return to the global oil market |
[BRIEFING.COM] The S&P 500 (-0.3%), Nasdaq Composite (+0.1%), and DJIA (-0.6%) sit modestly improved from session lows as the market enters the final half hour of the session.
The consumer discretionary sector (+0.2%) is one of just three sectors that currently hold a gain, largely due to Tesla's (TSLA 486.23, +10.92, +2.30%) outperformance for a second consecutive session.
Meanwhile, homebuilder names trade lower ahead of Lennar's (LEN 116.76, -2.96, -2.48%) earnings release after the close. The stock is down nearly 12% since its Q3 earnings report and nearly 11% year-to-date.
PulteGroup (PHM 123.40, -3.11, -2.46%) and D.R. Horton (DHI 154.39, -2.08, -1.33%) also trade lower today, pushing the iShare U.S. Home Construction ETF 1.3% lower.
[BRIEFING.COM] The S&P 500 (-0.4%) and DJIA (-0.7%) continue to hold losses similar to that of previous updates, while the Nasdaq Composite sits unchanged as the information technology (+0.2%) and consumer discretionary (+0.1%) sectors sit on one of several crests above their flatline in what has been a somewhat choppy session for them today.
The health care sector (-1.7%) remains near the bottom of today's standings, facing pressure from managed care names such as Humana (HUM 259.05, -15.69, -5.71%) and Centene (CNC 38.66, -1.78, -4.41%). NBC News reported earlier this afternoon that House Speaker Mike Johnson announced the House will not vote on an extension of Affordable Care Act subsidies but will instead vote on a Republican-backed healthcare plan tomorrow.
The news all but guarantees that the subsidies will expire at the end of the year, though it seems as if the market was largely expecting this outcome, as the aforementioned companies incurred the bulk of their losses before the news broke.
[BRIEFING.COM] The S&P 500 (-0.64%) is in second place on Tuesday afternoon, down about 44 points.
Briefly, S&P 500 constituents APA Corp. (APA 23.82, -1.46, -5.76%), Mosaic (MOS 23.63, -1.24, -4.97%), and Baker Hughes (BKR 44.79, -2.10, -4.48%) dot the bottom of the average. APA and BKR slide on broader weakness in the energy complex stemming from lower crude oil prices, while MOS continues recent weakness, dropping circa -10.0% over the last session and a half.
Meanwhile, Comcast (CMCSA 29.47, +1.26, +4.45%) is today's top gain getter following a mention by David Faber on CNBC.
[BRIEFING.COM] With about two hours to go on Tuesday the tech-heavy Nasdaq Composite (-0.08%) now sits 17 points lower.
Gold futures settled $2.90 lower (-0.1%) at $4,332.30/oz, as traders took profits and stayed cautious ahead of key U.S. economic data that could influence Fed rate expectations. A steadier dollar and softer safe-haven demand modestly pressured prices.
Meanwhile, the U.S. Dollar Index is down less than -0.1% to $98.20.
[BRIEFING.COM] The Dow Jones Industrial Average (-0.87%) is in last place on Tuesday afternoon, down 419 points.
A look inside the DJIA shows that Merck (MRK 97.71, -2.55, -2.54%), Johnson & Johnson (JNJ 209.28, -4.89, -2.28%), and IBM (IBM 301.85, -6.81, -2.21%) hold modest losses.
Meanwhile, Procter & Gamble (PG 145.81, +0.68, +0.47%) is outperforming.
The DJIA is now -1.82% lower off the Friday (12/12) highs.