Traders work on the floor of the New York Stock Exchange during morning trading in New York City.
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Here’s what CNBC TV’s producers were watching as the S&P 500 and Dow Jones Industrial Average retreated from recent highs, and what’s on the radar for the next session.
Apple
Despite concerns about the new iPhone, Apple hit a new all-time high on Tuesday. The stock ended the session up more than 1%, closing at $233.85. It hit a high of $237.49 before curtailing its gains for the day. Apple is up 5% in a month and 35% in six months.
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Apple shares over the past six months
DJT
Trading in Trump Media & Technology Group was wild on Tuesday. The stock finished down nearly 10%. It is down nearly 4% after hours. Check out the volume: 89 million shares. That is almost triple the ten-day average. The stock is up 68% in October.
Regional banks
The big banks are just about done reporting. Now, the regionals move in. Citizens Financial, based in Providence, Rhode Island, reports before the bell. The stock has gained 12.5% in the past three months, and it’s up 5.5% in a week. The stock hit a new high on Tuesday. First Horizon, headquartered in Memphis, Tennessee, will also report before the bell. First Horizon is down 1% over the past three months. The stock is up 8% in a week and 4.3% from the July high. The SPDR S&P Regional Banking ETF (KRE) hit a new high on Tuesday. The ETF is up 6.7% in a week, and it has gained up 10.3% in three months. Wells Fargo, by the way, is up 10% in a week. In a rare interview on “Mad Money” Tuesday night, CEO Charles Scharf, who’s been leading a buyback charge, said, “We invest as much as we can inside the company and that’s our first priority.” Goldman Sachs is up 5.2% in a week. Citigroup is down 4.7% in two days. JPMorgan Chase is up 5.5% in the past week. Bank of America is up 5.5% in a week, as well. Morgan Stanley is up 4.4% in a week. The bank reports on Wednesday morning before the bell, and CEO Ted Pick will be live on CNBC TV in the 10 a.m. hour, Eastern.
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Wells Fargo shares in the past week
The chips
CSX
In conclusion, the stock market has experienced some interesting movements in recent days. From Apple hitting new all-time highs to wild fluctuations in Trump Media & Technology Group, investors have had plenty to keep an eye on. Regional banks like Citizens Financial and First Horizon have also seen significant changes in their stock prices, signaling potential shifts in the industry. The chips sector and companies like Wells Fargo and Goldman Sachs have also shown notable performance. Stay tuned for more updates and analysis on these trends with DeFi Daily News.
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