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Finance and Tech Stocks Lead Highs Friday; Economic Data Mixed

Friday, October 29, 2021 03:34 PM | Neal Farmer

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Finance and Tech Stocks Lead Highs Friday; Economic Data Mixed

During trading Friday, 151 stocks traded to a 52-week high, while 34 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.07% so far today while the Dow is down 0.01%, the Nasdaq is down 0.02%, and the Russell 2000 is down 0.27%.

Markets are flat late in trading Friday as economic data was mixed with PCE Prices coming in right at expectations with a 0.3% rise. Meanwhile, personal income fell 1.0% in September while analysts expected a smaller 0.2% decline. Personal spending surpassed estimates for a 0.4% rose with a reported 0.6% increase last month. Shares of Amazon (AMZN) are down 3% after the firm missed on earnings and revenue estimates in addition to lowering its guidance due to supply chain disruptions.

Sector Highlights

Financial Services stocks dominated our list of highs today with 30 out of the 151 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 0.36% so far on the day. Over the last month the Financial Services sector has outperformed the market, increasing 5.59% while the S&P increased 3.16%.

Finance stocks once again have the most highs as the sector is up over 5% during the past month of trading amid a strong earnings season.

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Technology had the second largest presence on our 52-week highs, with 29 out of 151 highs coming from the Technology sector. The Technology sector is outperforming the market today, increasing 0.19% so far on the day. Over the last month the Technology sector has underperformed the market, increasing 2.58% while the S&P increased 3.16%.

Tech stocks have the second most highs Friday with the sector up slightly for the day and over 2.5% higher the past month.

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The Lists

The following stocks traded to 52-week highs: ABRACCACLSACNADPAGOAIGAIVAJGAMRCAONAPTVASIXASLEASPNATENBBDCBGBLDBRKSBSIGBYCALXCBCERECERTCHHCOSTCPLGCPRTCPTCRCCRMCSVCSXCUBECUBICVXCWSTDARDCOMDDOGDENDFINDREDXCMEBSBECPGENPH,

The following stocks traded to 52-week lows:

ARCEATUSCAGCLVRCNVYDRQEBSEPZMEVERFISFREQFTDRINSGKLDOLTCHMSBOSMTOUSTPAYOPHATPINSPNWPRGRPAYRVISLDBSRISTRATALKTGTMCTRVNWUZEN,

The following ETFs traded to a 52-week high:

IHFIWFOEFQQQSPYXLK,

The following ETFs traded to a 52-week low:

SHY,

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