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Markets Lower Thursday; Finance Stocks Lead 52-Week Highs

Thursday, July 14, 2022 03:50 PM | Neal Farmer

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Markets Lower Thursday; Finance Stocks Lead 52-Week Highs

During trading Thursday, 17 stocks traded to a 52-week high, while 438 stocks bottomed out at new 52-week lows. The S&P 500 is down 0.33% so far today while the Dow is down 0.45%, the Nasdaq is down 0.04%, and the Russell 2000 is down 1.01%.

Markets are mixed Thursday following worse than expected producer price data. The Producer Price Index (PPI) rose 1.1% last month, higher than the expected 0.9% increase that would have matched May's rise. Core prices (excluding food and energy) jumped 0.4%, slower than the 0.6% hike in May and lower than the expected 0.5% rise. Initial unemployment claims rose from 235,000 claims to 244,000 claims, above the projected 239,000 for this past week.

Sector Highlights

Financial Services stocks dominated our list of highs today with 12 out of the 17 total stocks that reached their high coming from the Financial Services sector. The Financial Services sector is underperforming the market, decreasing 1.95% so far on the day. Over the last month, the Financial Services sector has underperformed the market, decreasing 2.9% while the S&P decreased 0.09%.

Finance stocks have the most highs Thursday despite the sector falling nearly 2% over disappoint earnings results from some of the largest banks.

Financial Services: CONX, GOAC, ASAQ, CTAQ, EPHY, EQD, ERES, GSAQ, HPX, IMAQ, ISLE, SWET,

Industrials had the second-largest presence on our 52-week highs, with 1 out of 17 highs coming from the Industrials sector. The Industrials sector is outperforming the market today, decreasing 0.66% so far on the day. Over the last month, the Industrials sector has underperformed the market, decreasing 3.73% while the S&P decreased 0.09%.

Industrials have the second most highs on Thursday as the sector is down "only" 0.66% today but has dropped over 3.7% the last month.

Industrials: TH,

The Lists

The following stocks traded to 52-week highs:

CONX, GO, GOAC, TH, ASAQ, CTAQ, EPHY, EQD, ERES, GSAQ, HPX, IMAQ, ISLE, LFTR, PUCK, SWET, UUP,

The following stocks traded to 52-week lows:

AAN, AAT, AAWW, ABCB, ACN, AEM, AGCO, AGFY, AGLE, AGS, AKAM, ALEX, ALLG, ALTR, ALVO, AMG, AMK, AMP, ANF, ARGO, ASB, ATEC, AUD, AVTR, AVYA, AXP, AZPN, AZRE, AZTA, AZZ, B, BAC, BAX, BCOV, BDN, BHF, BK, BKE, BKNG, BKU, BNFT, BOH, BOKF, BOOT, BRKL, BWA, BXP, C, CADE,

No ETFs traded to a 52-week high today.

No ETFs traded to a 52-week low today.

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