S&P 500 Experiences Mixed Results with Top Gainers and Losers in Various Categories
The stock market is constantly fluctuating, and today is no exception. As of market close, the S&P 500 is trading at 5,802.82 with a loss of -39.19 points or -0.67%. This is driven by a mix of both gains and losses in the market.
Intuit, Inc. is leading the pack as the top large cap gainer with an impressive 8.12% increase. This is followed by United States Steel Corp. with a 21.24% gain in the mid cap category and Merus NV with a whopping 32.55% increase in the small cap category.
On the other hand, Deckers Outdoor Corp. is the top large cap loser with a -19.86% decrease, while Burlington Stores, Inc. takes the spot for top mid cap loser with a -9.40% decline.
In terms of the S&P 500 top gainers, Assure Holdings Corp., Gamida Cell Ltd., and Electriq Power Holdings, Inc. are leading the way with impressive gains. On the other hand, R1 RCM, Inc., Northern Star Investment Corp. III, and Smart for Life, Inc. are the top losers.
The advance decline ratio across the S&P 500 shows 1795 advances and 2885 declines, with a ratio of 0.62x. This indicates that there are more declining stocks than advancing ones in the market today.
Out of the 11 sectors in the S&P 500, only 1 sector is advancing while the remaining 10 are declining. This makes the top losing sector the S&P 500 itself, with a -0.67% decrease.
Overall, the market is experiencing a mix of gains and losses, with the S&P 500 taking a hit of -0.67%. Investors should keep a close eye on the market and make informed decisions based on the performance of individual stocks and sectors.