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US Stock Indexes Finished Higher, Energy Led

Posted by: : Paul EbelingPosted on: April 15, 2015 US Stock Indexes Finished Higher, Energy Led

US Stock Indexes Finished Higher, Energy Led


DJIA+1.6% YTD, NAS 100 +5.8% YTD, S&P 500 +2.3% YTD, Russell 2000 +5.8% YTD

DJIA +75.91 at 18112.61, NAS 100 +33.73 at 5011.02, S&P 500 +10.79 at 2106.62

Volume: trade was above recent averages, more than 850-M/shares changed hands on the NYSE.

The US stock market ended the session higher on the day. The S&P 500 gained 0.5%, the the Russell 2000 (+0.7%) spent the day ahead of the broad market.

The USD weakness provided support for Crude Oil, + 5.6% to 56.25 bbl, boosting the energy stock sector (+2.3%), putting the cyclical group in the lead. Thanks to the gainer, the energy stock sector is now up 6.8% MTD.

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Technology (+0.9%) ended among the leaders with help from chipmakers after Linear Technology (NASDAQ:LLTC) 46.17, +0.75) reported better than expected results and Intel (NASDAQ:INTC) 32.83, +1.34 delivered an in-line report. The PHLX Semiconductor Index gained 1.6%.

Bank of America (NYSE:BAC) 15.64, -0.18) lost 1.1% after missing bottom-line estimates, but the financial stock sector (+0.4%) finished near the broad market.

Industrials (+0.1%) saw early strength, but the sector finished among the laggards following an intra-day pullback in transport stocks.

Delta Air Lines (NYSE:DAL) 44.20, +1.12 rose 2.6% after reporting a 1-cent beat, CSX (NYSE:CSX) 32.86, -0.35 lost 1.1% after its own 1-cent beat and lowered guidance. The Dow Jones Transportation Average narrowed its gainer to 0.1% into the close.

The countercyclical stocks

The consumer staples sector (-0.3%) spent the session in the Red, the remaining defensively-oriented groups posted gainers.

The healthcare sector (+0.3%) endured an intra-day pullback in large insurer names

Aetna (NYSE:AET) 106.08, -1.80, Cigna (NYSE:CI) 130.22, -2.68, and UnitedHealth (NYSE:UNH) 117.32, -2.60), biotech outperformed, the iShares Nasdaq Biotechnology ETF (NYSEArca:IBB) 360.94, +3.73 or + 1.0%.

US Treasuries ended the day ahead, pressuring the 10-yr yield to 1.89% (-1 bpt).

Economic data

  • Industrial production declined 0.6% in March after increasing an unrevised 0.1% in February, consensus expected a decline of 0.3%
  • The Empire Manufacturing Survey for April registered a reading of -1.2, which was below the prior month’s reading of 6.9
  • The weekly MBA Mortgage Index fell 2.3% to follow last week’s 0.4% uptick
  • The NAHB Housing Market Index for April rose to 56 from a revised 52 (from 53), consensus expected an increase to 55


The weekly Initial Claims ( consensus 280-K) and March Housing Starts (consensus 1.045-M) will be released at 8:30a EDT while the Philadelphia Fed Survey for April will be reported at 10:00a EDT (expected 7.2).

Stay tuned…


Paul Ebeling


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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

Trade FX, Equities and Options with the World's Leading Platform , call our trade desk 631 482 0376, or contact us to get started.

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