falling stock market with high returns; Major losers were in energy, technology, and consumer appreciation

The stock market fell on Monday as Treasury yields rose. Energy and technology stocks led the sell-off, but defensive stocks advanced.


The Nasdaq Composite Index is down 1.4%. The S&P 500 fell 1.2%. The Dow Jones Industrial Average fell 0.7% as technical components apple (AAPL), Microsoft (MSFT) and Google Parent the alphabet (GOOGL) fell between 1.8% and 3.4%.

The Technologies Select ETF (XLK) fell 2%. Consumer Goods Prices (XLY) decreased 1.2%.

Small cap Russell 2000 lost 0.2%. Volume on the New York Stock Exchange and Nasdaq increased compared to the same time on Friday.

Overview of the US stock market today

index Code price win/loss % change
Dow Jones (0 DJIA) 34492.81 -228.31 -0.66
Standard & Poor’s 500 (0S&P5) 4434.83 -53.45 -1.19
Nasdaq (0NDQC) 13509.47 -201.53 -1.47
Contact 2000 (IWM) 197.54 -0.33 -0.17
defect 50 (fifty fifty) 36.01 -0.59 -1.61
Last update: 1:38 PM ET 4/11/2022

The yield on the 10-year Treasury rose 12 basis points to 2.78%, the highest level since March 2019, as the bond sell-off continued. Last week, the benchmark yield jumped more than 30 basis points.

Defensive Stocks Gainers

Industrial sectors led the Standard & Poor’s, with the SPDR industrial sectors up 0.6% Monday at midday. It was led by defense stocks, as the war in Ukraine raged, and Western countries were considering expanding their defense budgets. Last week, President Joe Biden said he would ask Congress to increase the US defense budget.

Ukraine said tens of thousands of people were killed in the city of Mariupol.

Raytheon Technologies (RTX) jumped 1.5% on Monday. The stock is at a flat base and is approaching the 104.44 buy point. RTX stock is executable from a bounce off the 10 week line.

Raytheon manufactures missile defense systems, aircraft engines, and communications technology. The Russian invasion of Ukraine increased the demand for guided artillery. The United States was sending missiles and other equipment to Ukraine. This includes the Javelin anti-tank missile, manufactured by Raytheon and Lockheed Martin (LMT).

Lockheed Martin gained 1%. The Lockheed F-35 Fighter Jet is poised to see a significant increase in production soon. general dynamics (GD), Northrop Grumman (NOC) and Boeing (BA) all gained between 0.4% and 1%.

Energy sector leads stock market losses

The SDPR Energy Selection (XLE) sector declined 3.1%. The price of US benchmark crude oil fell about 4% to $94.40 a barrel. The Covid-related shutdowns in China and the release of spare oil stocks have put pressure on oil prices.

SailPoint Technologies Shares of SAIL rose nearly 30% Monday after the cybersecurity firm agreed to buy $6.9 billion from private equity group Thoma Bravo. SailPoint shares rose above 63.46 buying points from a double bottom pattern.

GlaxoSmithKline (GSK) has had a string of recent victories in treating HIV, and on Monday, GSK shares dealt with the breakout.

Last month, Glaxo’s ViiV Healthcare won Food and Drug Administration approval for one pill a day to treat children with HIV. The U.S. Food and Drug Administration (FDA) has also approved a new process for initiating treatment with Cabenuva, an injectable HIV treatment for people 12 years of age or older.

In the middle of today’s stock market trading day, GSK stock is down a small amount near 46.60. Earlier, the shares briefly crossed the buying point at 46.95 from the cup base, according to MarketSmith.com. But this movement occurred at low volume.

Twitter (TWTR) gained 2% after Tesla CEO Elon Musk decided not to join Twitter’s board of directors. Twitter CEO Parag Agrawal announced Musk’s decision, although no specific reason was given. Twitter shares rose last week after Musk disclosed a 9.2% stake in the company.

IBD 50 Down 1.5%

The Innovator IBD 50 ETF (FFTY) is down 1.5%. IBD 50 . stock kostamari (CMRE) is down 1.7% and is now trading below the 50 day moving average. With stocks below 16.75 buying points for a cup with a handle, the shipping arrow hit a sell signal.

Wells Fargo (WFC) is up 0.9% while continuing to work on a teacup base with 60.40 buying points. Today Citigroup upgraded the bank to buy from neutral ahead of the company’s earnings report on Thursday.

nvidia (NVDA) is down nearly 5% and is on track for a fifth straight decline. An analyst at Robert W. Bird lowered Nvidia’s rating to neutral from outperformance and lowered the target price to 225 from 360. Analyst Tristan Gera said he believes the cancellation of orders has begun in consumer graphics chips, Barrons said.

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