Written by Dreamer
On May 14, 2024, the U.S. stock markets experienced broad gains.
- S&P 500: Closed at 5,246.68, up 25.26 points or 0.48%.
- Dow 30: Closed at 39,558.11, up 126.60 points or 0.32%.
- Nasdaq: Closed at 16,511.18, up 122.94 points or 0.75%.
- Russell 2000: Closed at 2,085.69, up 23.57 points or 1.14%.
The stock markets showed positive movement, with the Nasdaq marking its seventh record close of the year. The gains spanned across various indices, demonstrating investor confidence amid ongoing economic discussions and potential implications for future market trends. The positive movement in stocks reflects optimism about easing inflation and favorable economic conditions, keeping market sentiment buoyant. Investors remain watchful of upcoming economic reports that could influence the Fed’s decisions on interest rates.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Consumer Discretionary Stocks
- Top 10 Traded Energy Stocks
- Top 10 Traded Technology Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 4,154 stocks experienced an increase in their stock prices.
- Losers: 2,570 stocks saw a decrease in their stock prices.
- Unchanged: 439 stocks remained unchanged in their stock prices.
Overall, the market showed a positive trend with more stocks advancing than declining, indicating investor confidence on that day.
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 largely dominated by smaller companies, showcasing a wide array of businesses that contribute to the economic landscape’s diversity.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Consumer Discretionary: Leads with the highest trading volume.
- Energy and Technology: These sectors show substantial trading activity, closely following Consumer Discretionary.
- Finance: Has relatively lower trading volumes compared to other sectors.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Top 10 Traded Consumer Discretionary Stocks:
- Leader: *FFIE leads with the highest trade volume, significantly higher than the rest.
- Following Closely: AMC has substantial volumes but significantly less than FFIE.
- Bottom of the List: CTNT has the lowest trading volume among the top 10.
Faraday Future Intelligent Electric Inc. (FFIE) is an American start-up technology company focused on the development and production of electric vehicles. The company aims to compete in the luxury EV market with innovative vehicle designs and cutting-edge technology.
Top 10 Traded Energy Stocks:
- Leader: *PLUG stands out with the highest trading volume in the sector.
- Following Closely: FCEL follows with a strong trading volume but still less than PLUG.
- Bottom of the List: SLB has the lowest trading volume among the stocks.
Plug Power Inc. (PLUG) specializes in providing clean hydrogen and zero-emission fuel cells for electric motors that power an array of vehicles, including forklifts and other industrial equipment. They focus on solutions that replace conventional batteries in equipment and vehicles powered by electricity, enhancing efficiency with zero carbon emissions.
Top 10 Traded Technology Stocks:
- Leader: *CRKN dominates with the highest trading volume in the sector.
- Following Closely: SPWR shows strong trading volumes, but less than CRKN.
- Bottom of the List: AMD is at the lower end in terms of trading volume among the stocks.
Crown ElectroKinetics (CRKN) is a tech company that develops smart window technology to dynamically transition between clear and tinted states on demand. This technology aims to significantly reduce energy consumption in buildings by controlling the amount of heat and light that passes through windows, thus contributing to building energy efficiency and comfort.
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