00:00 Speaker A
Jared, let's start with you on that close.
00:03 Jared
All right, we were drifting down in the Dow, still managed to close in green territory for the day and also for the week, but we only added about 34 points today. Let's check out the five day total where we can see we were up one and three quarters of 1%, Nasdaq was down four tenths of a percent today and for the week still holding on to gains not quite 1% right there. And the S&P 500 down three tenths of a percent today, just under 1% as well. And we'll check in on the small caps which were really leading this week. Maybe we can dive into them in a little bit, up three and 15 3.15% for the week, down two thirds of 1% for the day. And just checking in on some of the sector action, I was mentioning an hour ago, healthcare was a leader for not only the day, but also the week and the month, I believe. And we can see it is still the leader today, up 1.7% followed by real estate and then communication services, staples and energy. Energy just barely holding on to gains there and materials just barely in the red. But to the downside financials lost the most steam down about 1%, followed by tech and then industrials. As I was saying an hour ago, cyclicals just not doing not their day in the sun today. So here's how things ended in the Nasdaq 100 mega caps, more red than green. We see Tesla and Broadcom there, down one and a half percent each, Nvidia down 86 basis points, Microsoft, Apple down about half a percent, Google while meanwhile up about half of 1%. And we saw a lot of weakness in the chip trade. So if we dive into the chip industry, a subsector of the tech trade, we see applied materials on that week guidance down 14, 14%. LAM Research down about half that, 7%, KLA down just a little bit more than that. A couple bright spots. We did see Texas Instruments in the green there. And then Intel up about 3%, but looking smaller and smaller there for Intel in terms of market cap. Inside software, we had a much better day than we have for the week, Oracle up one and a third percent. Cisco, however, kind of bucking the trend there, down four and a half percent. Salesforce climbing back about 4%, and I think we'll skip over to the Dow and just see how things ended there. United Health, it was a week for healthcare and just let's take a look at the year to date on United Health. And we can see it is up off the lows there. I think it's up something like 19% for the month. Here's a month to date, 21%. Nevertheless, still down considerably, 40% for the year. On that note, I will send it back to you, Josh.
05:30 Speaker A
Jared, while I have you, my friend, one other question I wanted to ask you about small caps, because they got some attention this week. I'm curious what you made of of moves with those those pint sized names.
05:54 Jared
Yes. Well, we can look at two different indices. Here's the S&P 600 and I'll just start with that. And we can see that for the year, they just barely climbed into the green. So just barely break even for the year, but they are now in negative territory down to 1%. But you take a look after excuse me, if you put the reference point for April 8th, and that's the beginning of that post Liberation Day rally, we can see they're up 27%. And they have led at various times in this rally, but it's been difficult for them to gain any steam and they've been frustrating a lot of traders. You look over the last three years, you can see right here they're still well off of that peak here. You compare this to the S&P 500, S&P 500 at or near record highs here, different story altogether. So it's been a love-hate story for small caps. I will say this, if you dive into some of the fringe aspects of the trade, I'm not recommending this as a trade, we don't do that here, but meme stocks, uh, we've seen these come alive here. Some of the bigger names down today like Palantir and Coinbase, but here is a five day look. And you can see a lot more green. If I sort by performance, you're going to see a lot of outsized performers here. Fossil, hard to see there in the upper left, but that's up 85%. Open table, I threw that in there, not an OG meme stock, but it trades memishly up 62%. Tilray, the cannabis trade firing back here, new egg up 27%. So some of the fringe names have gotten a lot of love. Is that is that good for the market overall? Not always, but I think it's interesting to note when that does happen.
