US 500 weakly lower Wednesday

The market showed a small loss Wednesday, and S&P 500 ended the day at 5018 points, which is a decline of 0.3 percent.

238 shares showed a gain and 258 showed a loss. 2 shares were unchanged and closed at the same price as the previous day. There was no trading in 0 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 349.1 billion.

Advanced Micro Devices closed at 144 $ after a steep drop of 8.9 percent. The stock has never lost more in one day since May 3. 2023, when it was down 9.2 percent.
Starbucks closed at 74.44 $ after posting a loss of 15.9 percent. The previous time the stock lost this much was Mar 16. 2020, when it closed down 16.2 percent. The volume was also high. At session end it was bought and sold shares for about 4959 million $ in the stock, which equals eight times mean daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 91.60 $ and a further decline is indicated.
CVS Health was down 16.8 percent to close at 56.31 $. The stock has not closed at a lower price since Oct 2020. The volume was also high. At session end it was bought and sold shares for about 3704 million $ in the stock, which equals seven times mean daily turnover. Nor does it look good technically. The stock has resistance at 66.00 $.
Johnson & Johnson closed at 151 $ after a solid gain of 4.6 percent. The previous time the stock gained this much was Jul 20. 2023, when it closed up 6.1 percent. The stock is trend wise negative in the medium term, but has marginally broken up through resistance at 151 $.
Pfizer rose sharply to close at 27.18 $, up 6.1 percent. We must go back to Nov 26. 2021 to find an equally strong rise. That time the stock gained 6.1 percent. The stock is trend wise negative in the medium term.

Winners Wednesday

Bio-Techne16.22%
Garmin13.12%
Amcor9.62%
DuPont De Nemours8.01%
Paramount Global B7.64%

Losers Wednesday

CVS Health-16.84%
Starbucks-15.88%
Skyworks Solutions-15.28%
Norwegian Cruise Line-15.01%
Super Micro Computer-14.03%

Most traded Wednesday

NVIDIA46491.60
Amazon.com16941.48
Tesla16708.42
Advanced Micro Devices12899.64
Super Micro Computer9993.84
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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