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Stocks Wait for Direction

Tuesday, April 09, 2024 08:27 AM | Bobby Raines

First Look

Stocks are relatively unchanged Tuesday morning. Bonds are higher as traders try to position themselves for inflation data and the release of the minutes from last month's Federal Reserve meeting, both on tap for tomorrow. The Nasdaq is up 0.37%, the S&P is up 0.25%, and the Dow Jones is up 0.14%.

Today's Sentiment

Neutral

Quote of the Day

In a world in which the total of human knowledge is doubling about every ten years, our security can rest only on our ability to learn.
Nathaniel Branden

Daily Action Trade

Stocks on the Move

Higher

  • Acrivon Therapeutics (ACRV)
  • Laser Photonics (LASE)
  • Biophytis (BPTS)
  • MyMD Pharmaceuticals (MYMD)
  • Addex Therapeutics (ADXN)
  • Rail Vision (RVSN)

Lower

  • Vincerx Pharma (VINC)
  • Focus Universal (FCUV)
  • BioSig Technologies (BSGM)
  • Guardion Health Sciences (GHSI)
  • Tilray Brands (TLRY)
  • Neogen (NEOG)

Upgrades & Downgrades

Upgrades

  • MacroGenics Inc (MGNX)
  • LPL Financial Holdings Inc (LPLA)
  • Infosys Ltd ADR (INFY)
  • Hudbay Minerals Inc (HBM)
  • General Electric Co (GE)
  • First Horizon Corp (FHN)

Downgrades

  • Maxeon Solar Technologies Ltd (MAXN)
  • Jones Lang LaSalle Inc (JLL)
  • ChargePoint Holdings Inc (CHPT)
  • Cushman & Wakefield PLC (CWK)
  • Comcast Corp (CMCSA)
  • Cleveland-Cliffs Inc (CLF)

International Markets

Stocks in Asia are mixed. The Nikkei 225 is up 1.08%, the Mumbai Sensex (S&P BSE SENSEX) is up 0.67%, the Australia ASX All Ordinaries is up 0.45%, the Hang Seng is up 0.05%, and the Shanghai SE Composite Index is down 0.72%. In Europe, stocks are mixed. The FTSE 100 is up 0.19%, the CAC 40 is down 0.29%, the Euro Stox 50 is down 0.34%, and the DAX is down 0.68%.

Futures & Currencies

Energy futures are mixed today. The price for West Texas Intermediate crude oil is down $0.22 at $86.36 per barrel. Brent crude is down $0.35 at $90.4 per barrel. Natural Gas is up $0.05 at $1.89. Precious metals are up this morning. Gold is up $15.26 at $2354.5 per ounce. Platinum is up $18 at $981.5, while silver is up $0.22 at $28.07. The dollar is down compared to the major currencies today. The greenback is down against the euro, down against the Yen, and down against the Pound. Bitcoin is up 4.32% to $72,207.55, while Ethereum is up 6.89% to $3,620.52.

Put/Call Ratio

Yesterday, 3,257,830 call contracts traded on the Chicago Board Options Exchange (CBOE) compared to 3,315,238 put contracts. The single-session put/call ratio was 1.02.

Today's Economic Calendar

No. What's Happening? Period Release Time
1 NFIB Small Business Optimism March 6:00 a.m.
2
3

Earnings Expected Today

AEHR, CGNT, NEOG, PSMT, SGH, TLRY, WDFC

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