4 hours ago
The S&P technology sector rose 12.6% in November, making it the leading index sector for the month
The S&P 500 Technology Index climbed 12.6% in November, leading the 11 major industrial sectors that make up the benchmark index. The S&P 500 Communications Services gained 10.1% in November, followed by Consumer Discretionary (9.8%), Real Estate (8.8%) and Financials (8.4%), all leading the broader S&P 500’s rise by 8.2%.
The weaker-performing sectors include the S&P 500 Industrials with an increase of 7.4%, the S&P 500 Materials with an increase of 6.0%, the S&P 500 Health Care with an increase of 4.0%, and the S&P 500 Utilities with up 3.8%, the S&P 500 Consumer Staples up 2.4% and the S&P 500 Energy down 1.4%.
For the full year, the technology sector is up 50.5%, followed by communications services at 50.4% and consumer discretionary at 31.9% – all three outpacing the S&P 500’s gain of 18.2%. Utilities are the worst performers, down 12.3% in 2023, while consumer staples are down 5.7%, healthcare is down 4.8%, energy is down 4.4% and real estate is down 2.9%.
– Scott Schnipper
4 hours ago
Stocks make the biggest moves after hours
Check out the companies making headlines after hours.
- Autodesk – Autodesk rose more than 4%. The software company exceeded analysts’ expectations in terms of sales and profit in the third quarter.
- Nordstrom – Shares of the department store chain rose nearly 1% after Nordstrom reported third-quarter sales of $3.32 billion, below analysts’ estimate of $3.40 billion, per LSEG.
Read the full list here.
—Sarah Min
5 hours ago
Nvidia shares fall in extended trading after earnings results
Nvidia shares fell 1% in extended trading on Tuesday after the chipmaker reported fiscal third-quarter results that beat Wall Street forecasts. However, the company expected a negative impact in the next quarter as export restrictions would affect sales to organizations in China and other countries.
Here’s how the company performed compared to the consensus of analysts surveyed by LSEG, formerly known as Refinitiv:
- Merits: $4.02 per share, adjusted, versus expected $3.37 per share
- Revenue: $18.12 billion versus expected $16.18 billion
5 hours ago
Stock futures open lower
Stock futures opened lower on Tuesday evening.
Dow Jones Industrial Average futures fell 15 points, or 0.04%. S&P 500 futures and Nasdaq 100 futures fell 0.11% and 0.18%, respectively.
—Sarah Min