Written by Dreamer
On Monday, April 29, 2024, the U.S. stock market saw an uptrend across major indices.
- S&P 500: Closed at 5,116.17, increased by 16 points or 0.3%.
- Dow Jones Industrial Average: Closed at 38,386.09, increased by 147 points or 0.4%.
- Nasdaq Composite: Closed at 15,983.08, increased by 55 points or 0.3%.
- Russell 2000: Closed at 2,016.03, increased by 14 points or 0.7%.
The stock market’s rise was influenced by several key factors:
- Earnings Anticipation: Investors were optimistic about a week packed with important earnings reports from major companies, including Amazon and Apple.
- Federal Reserve Meeting: Attention was also directed towards the upcoming Federal Open Market Committee meeting, which is pivotal in shaping investor expectations on monetary policy.
- Economic Data Releases: The anticipation of crucial economic data reports also kept the market focused, as these reports could offer insights into economic health and influence market trends.
- Recent Strong Earnings: The market was buoyed by strong performances in the previous week from tech giants like Alphabet and Microsoft, which reported better-than-expected earnings.
Together, these factors created a positive environment for stocks, leading to gains across major indices.
Contents:
- Stock Performance Overview
- Market Cap Category Distribution
- Sector-Wise
- Top-10 Traded Basic Materials Stocks
Insights:
Stock Performance Overview:
Stock performance overview is as below:
- Gainers: There were 4,254 stocks that saw a rise in their value.
- Losers: A total of 2,472 stocks experienced a decline.
- Unchanged: There were 406 stocks with no change in their value.
More stocks showed gains than losses, suggesting generally favorable market conditions. The minimal number of unchanged stocks indicates active price movements among most stocks.
Market Cap Category Distribution:
The market cap breakdown of companies is as below:
- Micro Cap: Nearly half of the companies are the smallest in size, making up 49%.
- Small Cap: Nearly a quarter of the companies are small, representing 23%.
- Mid Cap: A significant slice of companies are medium-sized, at 16%.
- Large Cap: Just over a tenth of the companies are large, with 11%.
- Mega Cap: A slim 1% are the largest companies out there.
This distribution highlights that the smaller ‘Micro Cap’ companies form the biggest part of the market while the ‘Mega Cap’ companies, the largest players, are quite rare.
Sector-Wise:
Summary of the average trading volume per sector is as below:
- Basic Materials: Tops the chart with the most shares traded.
- Energy: Follow closely, with strong showing in trading activity.
- Unknown: Has the lowest number of shares traded, sitting at the bottom of the list.
Investors show the highest engagement in sectors such as Basic Materials and Energy, as evidenced by their higher trading volumes.
Top-10 Traded Basic Materials Stocks:
Below is a rundown of the top 10 Basic Materials stocks with the highest average volume:
- Leader: DNN leads the sector with the highest trade volume, showing significant investor interest.
- Close Contenders: FCX and VALE follow closely behind, each with robust trading volumes that nearly match DNN.
- At the Bottom: UEC has the lowest trade volume among the top 10, indicating it is the least actively traded stock in this group.
The trading volumes indicate a high level of investor interest in DNN and FCX among Basic Materials sector stocks.
See more:
