Written by Dreamer
On June 10, 2024, the U.S. stock market closed higher.
- S&P 500: Closed at 5,360.79, up 13.80 points or +0.26%.
- Dow 30: Closed at 38,868.04, up 69.05 points or +0.18%.
- Nasdaq: Closed at 17,192.53, up 59.40 points or +0.35%.
- Russell 2000: Closed at 2,031.61, up 5.06 points or +0.25%.
The market’s upward trend, spurred by anticipation of forthcoming Federal Reserve policy decisions and inflation data, is also supported by the latest employment figures and ongoing shifts in investor expectations for future interest rate adjustments.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Technology Stocks
- Top 10 Traded Miscellaneous Stocks
- Top 10 Traded Energy Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 3,270 stocks experienced an increase in their stock prices.
- Losers: 3,465 stocks saw a decrease in their stock prices.
- Unchanged: 438 stocks remained unchanged in their stock prices.
The trading day saw a near balance between the number of stocks gaining and losing, reflecting a mixed sentiment in the market despite an overall upward trend.
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, showcasing a market with a broad base of smaller companies, while the larger entities remain few but potentially hold larger individual market values.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Technology: Leads with the highest trading volume.
- Miscellaneous: Shows substantial trading activity, closely following Technology.
- Finance: 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: PRST has substantial volumes but significantly less than NVDA.
- Bottom of the List: GOOGL 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 Miscellaneous Stocks:
- Leader: *BURU stands out with the highest trading volume in the sector.
- Following Closely: RUN follows with a strong trading volume but still less than BURU.
- Bottom of the List: FLNC has the lowest 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.
Top 10 Traded Energy Stocks:
- Leader: *FCEL dominates with the highest trading volume in the sector.
- Following Closely: DO shows strong trading volumes, but less than FCEL.
- Bottom of the List: OXY 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.
