Written by Dreamer
On June 13, 2024, the U.S. stock market closed with mixed results:
- S&P 500: Closed at 5,433.74, up 12.71 points or +0.23%.
- Dow 30: Closed at 38,640.10, down 65.11 points or -0.17%.
- Nasdaq: Closed at 17,667.56, up 59.12 points or +0.34%.
- Russell 2000: Closed at 2,038.91, down 18.19 points or -0.88%.
The markets displayed mixed outcomes, illustrating continued investor confidence in technology and large-cap stocks. Conversely, the Dow and Russell 2000 faced declines, signaling a cautious stance among some market sectors, particularly those sensitive to economic and geopolitical uncertainties. The day’s trading reflects ongoing adjustments as investors respond to recent economic data and anticipate future Federal Reserve decisions on interest rates and inflation management.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Technology Stocks
- Top 10 Traded Basic Materials Stocks
- Top 10 Traded Energy Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 2,313 stocks experienced an increase in their stock prices.
- Losers: 4,416 stocks saw a decrease in their stock prices.
- Unchanged: 430 stocks remained unchanged in their stock prices.
This day saw more stocks declining than advancing, indicating a broader market pullback despite some stocks gaining.
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 the dominance of Micro and Small Cap companies in the market, showcasing a broad base of smaller enterprises alongside a smaller number of very large firms.
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: PRST 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: SBSW 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 Energy Stocks:
- Leader: *FCEL dominates with the highest trading volume in the sector.
- Following Closely: PBR shows strong trading volumes, but less than FCEL.
- Bottom of the List: SWN is at the lower end in terms of trading volume among the stocks.
FuelCell Energy, Inc. (FCEL) specializes in manufacturing, operating, and servicing fuel cell power plants. These plants generate clean, efficient, and affordable energy and are recognized for their low-carbon footprint. The company’s technologies cater to utility companies, municipalities, and various industries.
