Written by Dreamer
On June 07, 2024, the U.S. stock market closed lower.
- S&P 500: Closed at 5,346.99, down 5.97 points or -0.11%.
- Dow 30: Closed at 38,798.99, down 87.18 points or -0.22%.
- Nasdaq: Closed at 17,133.13, down 40.00 points or -0.23%.
- Russell 2000: Closed at 2,026.55, down 22.89 points or -1.12%.
Major indices saw minor losses, with a significant decline in the Russell 2000, highlighting challenges for smaller cap stocks. Despite these setbacks, broader economic expectations such as potential rate cuts and strong hiring growth influenced trading behaviors. The recent jobs report, which exceeded expectations, suggests resilience in the labor market and could impact future monetary policy decisions.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Basic Materials Stocks
- Top 10 Traded Technology Stocks
- Top 10 Traded Real Estate Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 1,925 stocks experienced an increase in their stock prices.
- Losers: 4,785 stocks saw a decrease in their stock prices.
- Unchanged: 449 stocks remained unchanged in their stock prices.
This distribution indicates a predominantly bearish day in the stock market, with a significantly higher number of stocks declining than advancing.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: These smallest companies form nearly half the market, representing 50%.
- Small Cap: Almost a quarter of the companies are small caps, accounting for 22%.
- 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 Cap companies in terms of numbers, showing a diverse range of company sizes within the market.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Basic Materials: Leads with the highest trading volume.
- Technology: Shows substantial trading activity, closely following Basic Materials.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Basic Materials Stocks:
- Leader: *GOLD leads with the highest trade volume, significantly higher than the rest.
- Following Closely: VALE has substantial volumes but significantly less than GOLD.
- Bottom of the List: CDE has the lowest trading volume among the top 10.
Barrick Gold Corporation (GOLD) is a leading gold mining company headquartered in Toronto, Canada. Established in 1983, it has grown through acquisitions to include high-yield mines across the Americas, Africa, and Australia, focusing on gold and copper production and sustainable mining practices.
Top 10 Traded Technology Stocks:
- Leader: *PRST stands out with the highest trading volume in the sector.
- Following Closely: CRKN follows with a strong trading volume but still less than PRST.
- Bottom of the List: INTC has the lowest trading volume among the stocks.
Presidio Property Trust, Inc. (PRST) is a diversified real estate investment trust based in San Diego, managing a mix of commercial, residential, and industrial properties across the U.S., aimed at generating sustainable income through strategic investments.
Top 10 Traded Real Estate Stocks:
- Leader: *TPHS dominates with the highest trading volume in the sector.
- Following Closely: CLEU shows strong trading volumes, but less than TPHS.
- Bottom of the List: ABR is at the lower end in terms of trading volume among the stocks.
Trinity Place Holdings Inc. (TPHS) operates out of New York, managing real estate investments primarily in commercial properties in major metropolitan areas, focusing on redevelopment and value enhancement for long-term capital appreciation.
