Written by Dreamer
On June 12, 2024, the U.S. stock market saw mixed but generally positive results with the S&P 500, Nasdaq, and Russell 2000 recording gains, while the Dow slightly declined.
- S&P 500: Closed at 5,421.03, up 45.71 points or +0.85%.
- Dow 30: Closed at 38,712.21, down 35.21 points or -0.09%.
- Nasdaq: Closed at 17,608.44, up 264.89 points or +1.53%.
- Russell 2000: Closed at 2,057.10, up 32.75 points or +1.62%.
This market behavior reflects a broader economic context where investor optimism is tempered by cautious Federal Reserve policies on interest rates amidst varied inflation signals. Despite uncertainty, major indexes like the S&P 500 and Nasdaq reached new highs, buoyed by technological sector performances and restrained yet hopeful expectations for interest rate cuts within the year. The careful handling of fiscal policies and positive corporate performances, particularly from tech giants, have kept the market on an upward trajectory, signaling resilience in the economic outlook.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Technology Stocks
- Top 10 Traded Basic Materials Stocks
- Top 10 Traded Miscellaneous Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 4,260 stocks experienced an increase in their stock prices.
- Losers: 2,444 stocks saw a decrease in their stock prices.
- Unchanged: 457 stocks remained unchanged in their stock prices.
This indicates a day with more winners than losers, suggesting a positive sentiment among investors.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: These smallest companies form nearly half the market, representing 49%.
- Small Cap: Almost a quarter of the companies are small caps, accounting for 23%.
- Mid Cap: Medium-sized companies make up a significant portion, with 16%.
- Large Cap: Larger companies constitute just over a tenth of the market, at 11%.
- Mega Cap: The largest companies, or Mega Caps, are rare, making up only 1%.
This distribution highlights a market dominated by Micro and Small Cap companies, suggesting a broad base of smaller enterprises, whereas larger companies, particularly Mega Caps, are relatively few.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Technology: Leads with the highest trading volume.
- Basic Materials: Shows substantial trading activity, closely following Technology.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Technology Stocks:
- Leader: *NVDA leads with the highest trade volume, significantly higher than the rest.
- Following Closely: AAPL has substantial volumes but significantly less than NVDA.
- Bottom of the List: PLTR has the lowest trading volume among the top 10.
NVIDIA (NVDA), founded in 1993 and based in Santa Clara, California, leads the technology industry with its advanced graphics processing units (GPUs). The company excels across various markets, including gaming, professional visualization, and artificial intelligence, contributing significantly to advancements in these fields.
Top 10 Traded Basic Materials Stocks:
- Leader: *VALE stands out with the highest trading volume in the sector.
- Following Closely: GOLD follows with a strong trading volume but still less than VALE.
- Bottom of the List: NGD has the lowest trading volume among the stocks.
VALE S.A. (VALE), founded in 1942 and headquartered in Rio de Janeiro, Brazil, is a leading global mining company known for its production of iron ore, pellets, and nickel—crucial components in steelmaking and battery manufacturing. Additionally, it deals in copper, used in construction and electrical applications, and other by-products like gold, silver, and cobalt. VALE operates two main segments: Iron Solutions and Energy Transition Materials, catering to both traditional industries and emerging markets such as electric vehicles
Top 10 Traded Miscellaneous Stocks:
- Leader: *BURU dominates with the highest trading volume in the sector.
- Following Closely: CHPT shows strong trading volumes, but less than BURU.
- Bottom of the List: FLNC is at the lower end in terms of trading volume among the stocks.
Nuburu, Inc. (BURU) specializes in high-power and high-brightness industrial blue laser technology. This innovative company is known for its contributions to the industrial sector, particularly in applications requiring precise, high-energy laser systems. Nuburu’s technology has earned it various contracts and collaborations, including notable engagements with NASA and the U.S. Air Force, highlighting its role in advancing industrial applications with its specialized laser solutions.
