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Markets Fall Monday; ISM-Non Manufacturing Index Unexpectedly Rises

Monday, December 05, 2022 02:41 PM | Neal Farmer
Markets Fall Monday; ISM-Non Manufacturing Index Unexpectedly Rises

During trading Monday, 51 stocks traded to a 52-week high, while 48 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.94% so far today while the Dow is down 0.79%, the Nasdaq is down 0.97%, and the Russell 2000 is down 1.46%.

Stocks are falling Monday afternoon following a surprise rise in the US services gauge from the ISM Non-Manufacturing Index jumping from 54.4% to 56.5% while analysts expected it to fall to 53.5% in November. The unexpected rise led to speculation that the Federal Reserve will maintain its tighter monetary policy to fight against inflationary pressures. Meanwhile, Tesla (TSLA) shares are down 6.77% following news that the EV manufacturer is planning to lower production at its Shanghai factory.

Sector Highlights

Financial Services stocks dominated our list of highs today with 27 out of the 51 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 2.91% so far on the day. Over the last month, the Financial Services sector has underperformed the market, decreasing 1.84% while the S&P increased 4.82%.

Finance stocks once again have the most highs with the sector now accounting for over 50% of all highs on Monday despite falling nearly 3% on the day.

Financial Services: AAC, AAQC, ADER, ADEX, APGB, COLI, EPHY, EZPW, GSEV, HCIC, HLAH, IPVF, JWSM, KAHC, LITT, NSTB, NSTC, NSTD, PV, SLAC, SNRH, TBCP, TSPQ, VELO, WTW, WPCB, ZWRK

Healthcare had the second-largest presence on our 52-week highs, with 7 out of 51 highs coming from the Healthcare sector. The Healthcare sector is outperforming the market today, decreasing 1.12% so far on the day. Over the last month, the Healthcare sector has underperformed the market, increasing 4.55% while the S&P increased 4.82%.

Healthcare stocks have the second most highs Monday with the sector falling less than most sectors today and having just slightly underperformed the market over the last month of trading.

Healthcare: AXSM, GILD, HRMY, IMVT, KDNY, LLY, SPRY

The Lists

The following stocks traded to 52-week highs:

AAC, AAQC, ADER, ADEX, APGB, AXSM, COLI, EPHY, EZPW, STR, FTI, GILD, GSEV, HCIC, HLAH, HRMY, HWM, IMMR, IMVT, IPVF, JWSM, KAHC, KDNY, LITT, LLY, LPG, LVS, MNRL, NSTB, NSTC, NSTD, PERI, PV, RYAM, SPRY, SJW, SLAC, SNRH, STNG, TBCP, TH, TNK, TSPQ, UNVR, VELO, WTW, WPCB, YUMC, ZWRK

The following stocks recently reported earnings and are at a 52-week high:

FRO, SAIC

The following stocks traded to 52-week lows:

AMPL, ANGO, ANY, ASAN, HLGN, ATIP, ATOS, BV, BXP, BYSI, CEI, DESP, DHC, PGY, ENJYQ, EXFY, FRBK, GSM, IRNT, LPTX, LUMN, LVLU, MKFG, MRVI, MYMD, NGL, NVVE, PAGS, PCRX, PLXP, PYXS, QTNT, REKR, RUBY, SBH, SBNY, SDC, SDGR, SGHC, SFT, SLNH, SRNE, STOK, VBIV, VNTR

The following stocks recently reported earnings and are at a 52-week low:

DBI, DLTH, LE

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