Written by Dreamer
On June 28, 2024, the U.S. stock market experienced declines in most major indices, closing out the first half of the year on a down note.
- S&P 500: Closed at 5,460.48, down 22.39 points or -0.41%.
- Dow 30: Closed at 39,118.86, down 45.20 points or -0.12%.
- Nasdaq: Closed at 17,732.60, down 126.08 points or -0.71%.
- Russell 2000: Closed at 2,047.69, up 9.35 points or +0.46%.
Stocks pulled back amid inflation concerns and political uncertainties, with notable declines in tech and energy sectors.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Energy Stocks:
- Top 10 Traded Telecommunications Stocks
- Top 10 Traded Technology Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 3,720 stocks experienced an increase in their stock prices.
- Losers: 2,989 stocks saw a decrease in their stock prices.
- Unchanged: 404 stocks remained unchanged in their stock prices.
The market saw more advances than declines, reflecting positive investor sentiment, despite the U.S. stock market experiencing declines in most major indices.
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 predominance of smaller companies in the market.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Energy: Leads with the highest trading volume.
- Telecommunications: Shows substantial trading activity, closely following Energy.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Energy Stocks:
- Leader: *RIG leads with the highest trade volume, significantly higher than the rest.
- Following Closely: PLUG has substantial volumes but significantly less than RIG.
- Bottom of the List: PTEN has the lowest trading volume among the top 10.
Transocean Ltd (RIG) is a leading offshore drilling contractor, providing deepwater and ultra-deepwater drilling services globally. Known for their advanced rig fleet, Transocean supports oil and gas exploration and production companies by offering safe, efficient, and technologically advanced drilling operations.
Top 10 Traded Telecommunications Stocks:
- Leader: *ASNS stands out with the highest trading volume in the sector.
- Following Closely: T follows with a strong trading volume but still less than ASNS.
- Bottom of the List: LBTYA has the lowest trading volume among the stocks.
Actelis Networks Inc. (ASNS) specializes in high-performance networking solutions, focusing on extending broadband connectivity over existing copper and fiber infrastructures. Their products and technologies cater to various sectors including telecommunications, transportation, and security, providing reliable, high-speed data transmission in challenging environments.
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: BLND 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.
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