Written by Dreamer
On May 5th, 2024, the U.S. stock market experienced gains across major indices.
- S&P 500: Closed at 5,127.79, up 63.59 points or 1.26%.
- Dow 30: Closed at 38,675.68, up 450.02 points or 1.18%.
- Nasdaq: Closed at 16,156.33, up 315.37 points or 1.99%.
- Russell 2000: Closed at 2,035.72, up 19.61 points or 0.97%.
The U.S. stock markets saw a positive rebound, led by significant gains in the technology-heavy Nasdaq, which outperformed other indices with a near 2% increase. The rise was fueled by a favorable jobs report that wasn’t too hot or cold, suggesting potential moderation in inflation that could lead to easier monetary policies ahead. This news appeared to ease investor concerns, driving a widespread rally in stocks. Investors now show increased optimism about possible interest rate cuts later in the year, following this “just right” economic update.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top 10 Traded Energy Stocks
- Top 10 Traded Technology Stocks
- Top 10 Traded Telecommunications Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: 4527 stocks experienced an increase in their stock prices.
- Losers: 2186 stocks saw a decrease in their stock prices.
- Unchanged: 428 stocks remained unchanged in their stock prices.
Overall, the stock market showed a generally positive performance, with more stocks increasing in value than decreasing or remaining unchanged.
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 indicates that Micro Cap companies dominate the market, while Mega Cap companies, the largest in the sector, are relatively scarce.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Energy: Leads with the highest trading volume.
- Technology and Telecommunications: These sectors show substantial trading activity, closely following Energy.
- Finance: Has relatively lower trading volumes compared to other sectors.
- Unknown: Registers the lowest trading volume, indicating minimal trading activity.
Investors show the highest engagement in sectors such as Energy, Technology and Telecommunications, as evidenced by their higher trading volumes.
Top-10 Traded Energy Stocks:
- Leader: FCEL leads with the highest trade volume, significantly outstripping its competitors.
- Close Contenders: PLUG follows with substantial volume, though not matching FCEL’s.
- At the Bottom: SLB has the least trade volume among the top 10, indicating lower activity.
Top-10 Traded Technology Stocks:
- Leader: AAPL dominates with an exceptionally high trade volume, far exceeding others in the sector.
- Close Contenders: PLTR and AMD follow, with notable volumes but considerably less than AAPL.
- At the Bottom: SNAP holds the lowest position among the top 10, showing the least activity in this snapshot.
Top-10 Traded Telecommunications Stocks:
- Leader: WBD tops the list with the highest trade volume, showing strong trading activity.
- Close Contenders: T and CMCSA are next, with significant volumes but not quite reaching WBD’s peak.
- At the Bottom: TMUS displays the smallest trade volume among the group, trailing behind the others.
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