Clawing Back: Ukraine Fears Ebb, Tech Leads Rally
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Welcome to the swamp market update podcast, where each trading day we recap tea market results and statistics. One, Keith landsfather d. And here's a summary of what happened today, tuesday, november sixteen.

After a short geopolitical interruption, wall street surged tuesday with help from walmart and invidia. Mounting ukraine concerns sent major index is down sharply just before the open as russia spooked the market by lowering its thresh hold for a nuclear strike. This followed the bite administration, allowing ukraine to use long range missile supply by the united states. These developments initially overshadows wed wallachs solid results see in anticipation ahead of earnings from invidia tomorrow afternoon.

By late morning, however, the overseas news was digested in stocks clawed back, the market gained traction as the closing bell approached in volatility slip from early peaks, stocks appeared to be taken, the heightened of political risk and the trades at Nathan Peterson, director of driving analysis, ethical PS for financial research, this mornings by the deep Price action suggests the bulk assis remains dominant, which includes a strong economy and upcoming business friendly administration. And the fact that is still an easing mode, though perhaps not as easy as previously thought, a fair amount of today's sharp reversal from risk off to risk on showed up in mega cap strength. This was a departure from recent weeks when cyclical areas like finding entities and industrials took the baton, but it's unclear if tuesday day's rotation into tech is a short term trend related to geopolitical and rate worries or a change that can last in recent years.

Make a caps sometimes took on a defensive role on ideas. They're heavy. Cash hoards might protect them to some extent from rising rates.

Treasure yields, which scraped nearly six months. Hs monday stepped back today as treasuries climbed and so called a safe haven trading. Though no investment is truly safe, U.

S. Treasuries are often popular with investors win, global conflict escalates. Treasuries in yields move in opposite directions. The dollar in japanese jan also climbed, as they often do at such times.

Here's where the major benchMarks end in the S M P five hundred index was up twenty three point three six points, or zero point four percent to five thousand nine sixteen point nine eight that out Jones a destrier average dip one hundred and twenty point six six points, or zero point two eight percent to forty three thousand to sixty eight point nine four and the as dec composer rose one hundred and ninety five point six six points, or one point zero four percent to eighty thousand nine eighty seven four nine the ten year treasury no yield ld fell four basis points to four point three eight percent and the civil volatility in the exercise eased to sixteen point zero four after an earlier pop above seventeen. As far as stocks on the move in sector action in photo ch and communication services LED the way, thanks to make a cap string. But real estate and utilities, both traditionally defensive plays, also found some buyers amid the geopolitical attention.

So did large U. S. Armament companies. Energy stocks fell despite a bounce include related to the ukraine events.

Financials had a tough session weighing on the dw. Still, they vie with tech and communication services for the year's best performing S, M, P. sectors. Hopes for a lighter regulatory footprint under the new administration gave financials of fresh tail wind. Until this week's slide, about ninety six percent of financial stocks recently traded above their two hundred day moving averages.

Despite todays is turn around a wider look at the S M P, five hundred ds saw a dic amount of red, underscoring that this wasn't a strong market breath rally. Sector rotation could remain votile heading into the end of the year as fund managers move in and out of sector is in a last minute attempt to outperform indexes. Meanwhile, neither market sentiment nor the momentum tracking relative strength index or R S I indicate anything that might trigger over about concerns.

The S M P five hundred rsi remains below sixty. Typically, a reading of seventy or higher might Spark such worries. Metronet fell three percent despite beating analysts quarterly expectations and raising its outlook. Shares fell as investors appeared disappointed with the guidance increase and with flat sales in cardiac ablation solutions, which medtronic attributed to a supplier issue.

Super microcomputer rose another thirty one point two percent after meteorite gains yesterday as investors track the company's plan to stay listed on the nzz dec exchange, the company said IT has submitted a plan to the nasdaq for a time extension so IT can regain compliance with listing requirements of reported while marceline three percent after IT raised its holiday forecast and beat analysts top and bottom forecasts in earnings released earlier today. Comparable sales as stores open a year or more climbed five point three percent, excluding fuel, a sequential improvement strange from walmart might help lift grocery competitors like costa and amazon. Laws fell four point six percent after IT beat analyst scorner earnings and revenue estimates and raised guides with some recent firmness coming after last.

Once still, the company cited continued softly and do IT yourself a bigger ticket discretionary demand, though lows raised guidance, the increase wasn't dramatic. Retailer earnings roll on tomorrow with target. The retailer had a strong quarter last time out reporting improved demand for directionally items, but IT delivered cautious guidance, has been cutting Prices and announced a host of holiday deals.

This can drive traffic to stores but possibly clip margins in video. The final mega capture report this earnings season could overshadow the retailers until last quarter when its outlook disappointed investors. They, I chip giant, regularly exceeded analysis expectations for cord revenue guidance.

Guidance is likely the focus. Last time out, quarterly guidance came in about five hundred million dollars, above analyst average estimate. Sand shares dipt in video might need to beat the consensus quarter out book by a larger amount to convince investors that demand continues as well.

However, it's a transitional period for the company as IT moves customers towards its new blackwell chips. This could affect gamers for the current quarter and put more emphasis on what in video expects for the full year of twenty twenty five. Cyber security firm palo alto networks also reports tomorrow after delivering Better than expected results, sam, a solid outlook last time out that lifted shares chairs, received a target Price increase from jeffrey this week.

Technically, the twenty day S M P five hundred moving average near fifty eight sixty represents a key level the index has enclosed to below that line on the church since before the election. The twenty is also an important level for the doll and rustle two thousand index. The fifty day moving averages for all three represents support lower down.

The recent pullback represents healthy consolidation after the post election surge shops, Peterson said. U. S, october housing starts totaled a seasonally adJusting annual rate of one point three one million, the government said analysts had expected one point three four million.

According to brief, ing dotcom building permits were one point four two million short of the expected one point four four million. The government also done where the revised september data by a small amount, poor starts, socket bers number reverse a slight up trend senior August in september. While permit growth also flag it's possible octobers storms clayed into the softness.

However, october leading indicators from the conference board, weekly initial jobless claims and final november university of michigan consumer sentiment or other data to watch in coming days. The atlantic feds, a GDP now indicator for fourth quarter gross domestic product, or GDP growth, inched up to two point six percent today in the latest update, that's up from the previous two point five percent, but less than the governments official two point eight percent third quarter growth estimate. One drag on otherwise sterling U.

S. Growth is manufacturing, which has been weak across the country for months. Novembers empire state manufacturing index Spike. However, the november philadelphia fed index do thursday and the sp global U. S.

Preliminary november manufacturing PMI do friday might provide more clues about whether the empire state was a one off or a sign of wider improvement. Dear earnings thursday also could provide insight into the manufacturing sector. The true test, however, is early next month when november I S.

Manufacturing P M. I is released. It's been a negative territory seven, three months as of late to day, traders see fifty nine percent chances. Rates will fall twenty five basis points at the conclusion of the federal open market committee meeting december seventeen, thousand and eight, and a forty one percent chance of no move based on the C M. I fed watch tool.

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