Markets Mixed Friday; Personal Spending Falls 1%

Last Updated: Friday, March 26, 2021 3:10 PM | Neal Farmer

During trading Friday, 115 stocks traded to a 52-week high, while 3 stocks bottomed out at new 52-week lows. The S&P 500 is up 0.61% so far today while the Dow is up 0.52%, the Nasdaq is down 0.1%, and the Russell 2000 is up 0.28%.

Markets are mixed Friday. The Federal Reserve announced it will lift restrictions on dividends and share repurchases for banks after June 30. Oil is climbing higher as the Suez Canal remains blocked by a cargo ship. PCE Prices rose 0.2% in February while Personal Spending fell 1%, estimates were for 0.3% and -0.3% respectively. President Biden announced a target vaccine distribution of 200 million coronavirus vaccine doses in his first 100 days of office.

Sector Highlights

Industrials stocks dominated our list of highs today with 29 out of the 115 total stocks that reached their high coming from the Industrials sector. The Industrials sector is outperforming the market, increasing 1.11% so far on the day. Over the last month the Industrials sector has outperformed the market, increasing 5.72% while the S&P increased 0.73%.

3M (MMM) continues to soar as the stock once again hits a new high after recently expanding its relationship with Palantir to build dynamic supply chain.

Industrials: ACM, ALLE, AME, AOS, BBCP, CSL, CWST, DOV, EXPD, GD, ITW, J, JBHT, KBR, KNX, LII, LPX, LSTR, MMM, MMS, NSC, NSCO, ODFL, ROK, SMHI, SWK, UNP, USDP, WM,

Consumer Cyclical had the second largest presence on our 52-week highs, with 25 out of 115 highs coming from the Consumer Cyclical sector. The Consumer Cyclical sector is outperforming the market today, decreasing 0.96% so far on the day. Over the last month the Consumer Cyclical sector has underperformed the market, decreasing 0.8% while the S&P increased 0.73%.

Home Depot (HD) has hit a new high as the stock has rose over 12% since its last quarterly earnings report that impressed investors. Next earnings for the company is currently scheduled for May 18.

Consumer Cyclical: AAP, AN, AZO, BALY, BLMN, DHI, DIN, DRI, FBHS, HD, LB, LEN, LGIH, LOW, MHK, MHO, MOV, MUSA, OI, ORLY, PHM, PLAY, RH, RRGB, SCVL,

The Lists

The following stocks traded to 52-week highs: AAP, ABC, ACGL, ACM, ACN, AGNC, ALLE, AMAT, AME, AMG, AMH, AN, ANTM, AOS, AZO, BALY, BBCP, BLMN, CAH, CASY, CDW, CE, CEQP, CMC, CNX, CPT, CSCO, CSL, CWST, CXP, CYH, DHI, DIN, DOV, DRI, EIG, ENSG, EQT, EXLS, EXPD, FBHS, FR, FUL, G, GD, GLW, GNMK, HD, IDT, IMKTA, INVH, IRT, ITW, J, JBHT, KBR, KDP, KNX, LB, LEN, LGIH, LII, LIN, LOB, LOPE, LOW, LPX, LSTR, MAA, MGNX, MHK, MHO, MMM, MMS, MO, MOV, MSI, MUSA, MX, NAVI, NFG, NSC, NSCO, NTAP, NUE, ODFL, OI, OMI, ORLY, PHM, PLAY, PPG, RH, ROK, RRGB, RVI, SCVL, SFBS, SLM, SMHI, SNX, STLD, SWK, SWN, SYKE, TGP, TGT, TTEC, TXN, UFPI, UGI, UNH, UNP, USDP, WM

The following stocks traded to 52-week lows: ARCE, CNCE

The following ETFs traded to a 52-week high: COW, EWS, ITB, IYT, XHB

The following ETFs traded to a 52-week low: FXY, SMN, VXX

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