Written by Dreamer
On June 11, 2024, the U.S. stock market experienced mixed outcomes with a strong performance from the Nasdaq and S&P 500, while the Dow 30 and Russell 2000 saw a minor decline.
- S&P 500: Closed at 5,375.32, up 14.53 points or +0.27%.
- Dow 30: Closed at 38,747.42, down 120.62 points or -0.31%.
- Nasdaq: Closed at 17,343.55, up 151.02 points or +0.88%.
- Russell 2000: Closed at 2,024.35, down 7.27 points or -0.36%.
The stock market was marked by Apple reaching new highs, propelling the Nasdaq and S&P 500 to record levels despite overall market uncertainty about upcoming Federal Reserve decisions and key economic indicators. This comes as investors weigh the potential implications of consumer price data and future interest rate paths, with some focus on political developments in Europe influencing market sentiment.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Energy Stocks
- Top 10 Traded Miscellaneous Stocks
- Top 10 Traded Technology Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 2,888 stocks experienced an increase in their stock prices.
- Losers: 3,812 stocks saw a decrease in their stock prices.
- Unchanged: 461 stocks remained unchanged in their stock prices.
This distribution suggests a day of mixed sentiment in the market, with a slightly higher number of decliners than advancers.
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 predominantly influenced by smaller companies, with a significant concentration in micro caps, reflecting perhaps a broader diversity of businesses but with smaller overall market valuations.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Energy: Leads with the highest trading volume.
- Miscellaneous: Shows substantial trading activity, closely following Energy.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Energy Stocks:
- Leader: *TPET leads with the highest trade volume, significantly higher than the rest.
- Following Closely: FCEL has substantial volumes but significantly less than TPET.
- Bottom of the List: SLB has the lowest trading volume among the top 10.
Trio Petroleum Corp (TPET), established in 2021 and headquartered in Bakersfield, California, is engaged in oil and gas exploration and development. The company focuses on projects like the South Salinas project and the McCool Ranch Oil Field in California, and the Asphalt Ridge project in Utah. TPET also holds an option for full interest in the Union Avenue Field in Bakersfield.
Top 10 Traded Miscellaneous Stocks:
- Leader: *BURU stands out with the highest trading volume in the sector.
- Following Closely: CHPT 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 Technology Stocks:
- Leader: *NVDA dominates with the highest trading volume in the sector.
- Following Closely: AAPL shows strong trading volumes, but less than NVDA.
- Bottom of the List: PLTR is at the lower end in terms of trading volume among the stocks.
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.
