U.S Stock Market Summary – June 25, 2024

Dreamer

Written by Dreamer

On June 25, 2024, the U.S. stock market experienced mixed performance.

  • S&P 500: Closed at 5,469.30, up 21.43 points or +0.39%.
  • Dow 30: Closed at 39,112.16, down 299.05 points or -0.76%.
  • Nasdaq: Closed at 17,717.65, up 220.84 points or +1.26%.
  • Russell 2000: Closed at 2,022.35, down 8.47 points or -0.42%.

The Dow experienced significant losses, missing out on a tech stock rally that benefited the Nasdaq and S&P 500. This divergence reflects sector-specific investor responses and highlights the tech sector’s strong performance amidst broader economic concerns.

Contents:

Insights:

Stock Performance Overview:

Stock performance overview is as below:

  • Gainers: 2,485 stocks experienced an increase in their stock prices.
  • Losers: 4,180 stocks saw a decrease in their stock prices.
  • Unchanged: 467 stocks remained unchanged in their stock prices.

This indicates a trading day where declines outnumbered gains, signaling a cautious or negative 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 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 underscores a market primarily dominated by smaller Micro Cap and Small Cap companies in terms of sheer numbers, whereas Mega Cap and Large Cap, despite their large individual market valuations, are significantly less common.

Sector-Wise:

Summary of the average trading volume per sector is as below:

  • Technology: Leads with the highest trading volume.
  • Energy: 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: INTC 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 Energy Stocks:

  • Leader: *TELL stands out with the highest trading volume in the sector.
  • Following Closely: FCEL follows with a strong trading volume but still less than TELL.
  • Bottom of the List: CEI has the lowest trading volume among the stocks.

Tellurian Inc. (TELL): Tellurian Inc. is a Houston-based natural gas company focused on LNG production and export. It aims to provide low-cost LNG to global markets through its integrated gas production, pipelines, and liquefaction facilities, addressing the growing demand for clean energy.

Top 10 Traded Telecommunications Stocks:

  • Leader: *T dominates with the highest trading volume in the sector.
  • Following Closely: CMCSA shows strong trading volumes, but less than T.
  • Bottom of the List: AMX is at the lower end in terms of trading volume among the stocks.

​AT&T Inc. (T): AT&T Inc. is a major telecommunications company based in Dallas, Texas. It offers wireless communications, broadband, and digital entertainment services. The company is known for its extensive network infrastructure and has significant market presence in telecommunications and media, including ownership of WarnerMedia.

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