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Stocks Flat Thursday

Thursday, March 28, 2024 08:28 AM | Bobby Raines

First Look

Stocks are flat Thursday morning. This is the last trading day of the first quarter, which could lead to some interesting movement as low-volumes ahead of a holiday weekend collide with portfolio rebalancing. The Dow Jones is up 0.01%, the S&P is down 0.02%, and the Nasdaq is down 0.04%.

Today's Sentiment

Neutral

Quote of the Day

Intuition does not in itself amount to knowledge, yet cannot be disregarded by philosophers and psychologists.
Corliss Lamont

Daily Action Trade

Stocks on the Move

Higher

  • Avalo Therapeutics (AVTX)
  • Xilio Therapeutics (XLO)
  • Binah Capital Group (BCG)
  • Kidpik (PIK)
  • Akanda (AKAN)
  • Molecular Templates (MTEM)

Lower

Upgrades & Downgrades

Upgrades

  • Vornado Realty Trust (VNO)
  • Omnicom Group Inc. (OMC)
  • Estee Lauder Companies Inc (EL)
  • US Bancorp (USB)
  • PNC Financial Services Group Inc (PNC)
  • Allstate Corp (ALL)

Downgrades

  • Pebblebrook Hotel Trust (PEB)
  • Weibo Corp (WB)
  • Apple Inc (AAPL)
  • Galapagos NV - ADR (GLPG)
  • Vista Energy SAB de CV - ADR (VIST)
  • Bank of America Corp (BAC)

International Markets

Stocks in Asia are mixed. The Australia ASX All Ordinaries is up 0.99%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.73%, the Shanghai SE Composite Index is down 1.26%, the Hang Seng is down 1.36%, and the Nikkei 225 is down 1.46%. In Europe, stocks are up. The FTSE 100 is up 0.23%, the Euro Stox 50 is up 0.23%, the CAC 40 is up 0.23%, and the DAX is up 0.11%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is up $0.94 at $82.5 per barrel. Brent crude is down $0.35 at $87.28 per barrel. Natural Gas is flat $0 at $1.71. Precious metals are up this morning. Gold is up $23.28 at $2214.28 per ounce. Platinum is up $3.5 at $902, while silver is up $0.03 at $24.61. The dollar is up compared to the major currencies today. The greenback is up against the euro, up against the Yen, and up against the Pound. Bitcoin is up 1.02% to $70,828.22, while Ethereum is up 0.25% to $3,587.59.

Put/Call Ratio

Yesterday, 3,773,628 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,858,832 put contracts. The single-session put/call ratio was 1.02.

Today's Economic Calendar

No. What's Happening? Period Release Time
1 Initial Claims 3/23 8:30 a.m.
2
3

Earnings Expected Today

AFMD, ATAT, BETR, CAAS, CNF, DOOO, DTST, EM, HUT, JFIN, MSM, OPRX, QBTS, REX, USAP, WBA

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