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Cryptos Slump, ISM Non Manufacturing Index Disappoints; Stocks Rise Thursday

Thursday, January 06, 2022 02:32 PM | Nick Dey
Cryptos Slump, ISM Non Manufacturing Index Disappoints; Stocks Rise Thursday

During trading Thursday, 61 stocks traded to a 52-week high, while 346 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.04% so far today while the Dow is down 0.37%, the Nasdaq is up 0.14%, and the Russell 2000 is up 0.81%.

Stocks are mostly higher Thursday afternoon following a mixed start. The crypto market is on a plunge, falling 5.64% as a whole while Bitcoin drops 5.89% and Ethereum loses 8.71%. The ISM Non-Manufacturing Index missed estimates, which were set at a reading of 67.1%, with the December figure coming in at 62.0%. The prices index rose at a faster pace in December while respondents to the survey lamented labor and material shortages, supply chain disruptions, and the fast spread of the Omicron variant.

Sector Highlights

Financial Services stocks dominated our list of highs today with 29 out of the 61 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is outperforming the market, increasing 1.34% so far on the day. Over the last month, the Financial Services sector has outperformed the market, increasing 5.64% while the S&P increased 3.57%.

Financial Services: ASB, BHLB, BOKF, BPOP, BUSE, CFG, CMA, CPF, FBP, FCF, FITB, HBAN, HMST, ISBC, KEY, LBAI, NBHC, NTRS, OFG, OZK, PBCT, PNC, SBNY, SCHW, SNV, STL, UVE, WFC, WTFC

Energy had the second-largest presence on our 52-week highs, with 13 out of 61 highs coming from the Energy sector. The Energy sector is outperforming the market today, increasing 1.96% so far on the day. Over the last month, the Energy sector has outperformed the market, increasing 8.5% while the S&P increased 3.57%.

Energy: BPMP, COP, CVX, DVN, FANG, KOS, MPC, MRO, PBT, PXD, VNOM, WES, XOM

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