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Formerly TwitterLiz Ann Sonders
LizAnnSonders
This week will be busiest of 1Q24 earnings season as >1/3 of S&P 500 constituents will announce, including 4 of the Mag7 (Alphabet, Meta, Microsoft and Tesla); former 3 have outperformed S&P 500 YTD, not same for Tesla, dragging down S&P Composite 1500 Autos
@SPDJIndices pic.twitter.com/TXtrJrQESf
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Liz Ann Sonders
LizAnnSonders
S&P 500 closed in red for 3rd week in row (longest losing streak since September); last week was also worst in over a year (-3.0%); despite sell-off, handful of large-cap segments were up with Utilities leading way; worst-hit was Technology
@SPDJIndices pic.twitter.com/LoNvVeDKZh
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Ryan Detrick, CMT
RyanDetrick
How rare was Friday?
More than 300 stocks in S&P 500 were green, yet the index was down 0.9%.
Using data back to 1998 that happened only ONE OTHER TIME.
10/2/20 saw 313 stocks up, but it fell 1.0%.
Again, things are improving under the surface if you look at the data.
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All coverage
S&P 500 notches fourth day of gains as investors await key earnings
By Pippa Stevens & Tanaya Macheel