US 500 weakly lower Thursday

The market showed a small loss Thursday, and S&P 500 ended the day at 5048 points, which is a decline of 0.5 percent.

182 shares showed a gain and 314 showed a loss. 2 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 350.4 billion.

Meta Platforms A closed at 441 $ after posting a loss of 10.6 percent. We must go back to Oct 27. 2022 to find an equally steep drop. That time the stock lost 24.6 percent. The volume was also high. At session end it was bought and sold shares for about 36586 million $ in the stock, which equals six times mean daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
IBM closed at 169 $ after posting a loss of 8.3 percent. The previous time the stock lost this much was Oct 21. 2021, when it closed down 9.6 percent. It was also high volume. Overall it was traded for 2821 millions $ in the stock, which is five times as much as normal daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Caterpillar closed at 338 $ after a steep drop of 7.0 percent. We must go back to Nov 4. 2020 to find an equally steep drop. That time the stock lost 7.4 percent. The stock is trend wise positive in the medium term.
Bristol-Myers Squibb ended with a steep loss of 8.5 percent and closed at 44.70 $. The stock has never lost more in one day since Jan 3. 2019, when it was down 13.9 percent. The volume was also high. At session end it was bought and sold shares for about 2015 million $ in the stock, which equals four times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 48.40 $ and a further decline is indicated.
Newmont closed at 43.41 $ after posting a gain of 12.5 percent. The stock has never gained more in one day since Apr 9. 2020, when it was up 13.4 percent. The stock is trend wise negative in the medium term.

Winners Thursday

Newmont12.46%
Tyler Technologies9.32%
Carrier Global9.20%
Teradyne8.15%
Chipotle Mexican Grill6.33%

Losers Thursday

Meta Platforms A-10.56%
Textron-9.69%
Bristol-Myers Squibb-8.51%
IBM-8.25%
Caterpillar-7.02%

Most traded Thursday

Meta Platforms A36586.32
NVIDIA35088.91
Tesla21515.44
Microsoft16195.62
Alphabet A8909.12
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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