10 Mins Ago
Consumer discretionary stocks lag
Consumer discretionary stocks in the S&P 500 bucked the broad index’s uptrend on Wednesday.
The S&P 500 traded around all-time highs in Wednesday’s session, last up about 1%. All sectors that comprise the benchmark index traded either near flat or clearly higher with the exception of consumer discretionary, which slipped 0.4%.
Hasbro led the sector lower with a slide of more than 3%, while CarMax and Amazon followed with drops of more than 1.5% each. On the other hand, D.R. Horton was the best performer in the sector, helping to mitigate losses with a rally of more than 5%.
— Alex Harring
31 Mins Ago
Albemarle pacing for second ‘outside day’ in a week
Lithium giant Albemarle is in danger of posting its second bearish “outside day” in the past week, if it closes below $132.87 per share.
Albemarle fell during morning trading after popping at the open and is on pace for its worst day since April 4, 2024, when it fell nearly 18%. The catalyst for the move Wednesday was unclear but pushed shares negative week to date, with the stock now on pace to break a three-week win streak.
An outside day is a two-day technical trading pattern in which the second day’s trading range fully engulfs the prior day’s range. Technicians often use the pattern to predict reversals in an asset’s trading direction.
— Nick Wells
55 Mins Ago
65 stocks in the S&P 500 hit new 52-week highs
During Wednesday’s trading session, 65 stocks in the broader S&P 500 index hit new 52-week highs.
Here are some of the names that hit this milestone:
— Lisa Kailai Han, Christopher Hayes
An Hour Ago
Stocks making the biggest moves midday
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange on May 15, 2024.
Brendan McDermid | Reuters
Check out the companies making headlines in midday trading:
GameStop, AMC Entertainment — The so-called meme stocks retreated significantly after a two-day rally. GameStop declined about 30%, while AMC dropped 20% as the trading frenzy seemed to fade. The sell-off in AMC shares…
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