Equities
S&P 500 Notches New Record Close, Led By Utilities And Financials
As expected, the annual reconstitution of FTSE Russell indexes brought high flows to the closing auctions, with a new Nasdaq record volume of 2.37bn shares (executed over 1.97 seconds) in the closing cross
Published ET

World Equities Year To Date Total Returns | Sources: ϕpost, FactSet data
QUICK SUMMARY
- Daily performance of US indices: S&P 500 up 0.33%; Nasdaq Composite down -0.06%; Wilshire 5000 up 0.34%
- 79.4% of S&P 500 stocks were up today, with 90.3% of stocks above their 200-day moving average (DMA) and 53.9% above their 50-DMA
- The turnover of S&P 500 shares traded today was $124.4 bn, with 1.0 bn shares traded
- Top performing sectors: financials up 1.25% and utilities up 1.13%
- Bottom performing sectors: technology down -0.15% and materials up 0.04%
- The S&P 500 Value Index was up 0.7%, while the S&P 500 Growth Index was unchanged; the S&P small caps index was up 0.1% and mid caps were up 0.9%
- The volume on the INX was high today at 2.7m (3-month z-score: 1.8); the 3-month average volume is 2.2m and the 12-month range is 0.8 - 5.1m
- Daily performance of international indices: Europe Stoxx 600 up 0.13%; China CSI 300 up 1.63%; Japan up 0.77%; UK FTSE 100 up 0.37%
VOLATILITY
- 1-month at-the-money implied volatility on the S&P 500 at 12.0%, up from 10.9%
- 1-month at-the-money implied volatility on the Europe Stoxx 600 at 11.4%, down from 11.6%
NOTABLE S&P 500 EARNINGS RELEASES
- Paychex Inc (Industrials): missed on EPS (0.72 act. vs. 0.92 est.) and missed on revenue (1,029m act. vs. 1,109m est.)
TOP WINNERS
- Virgin Galactic Holdings Inc (SPCE), up 38.9% to $55.91 / YTD price return: +135.6% / 12-Month Price Range: $ 14.27-62.80 / Short interest (% of float): 20.3%; days to cover: 1.1
- Cricut Inc (CRCT), up 25.5% to $41.99 / 12-Month Price Range: $ 14.88-38.89 / Short interest (% of float): 11.7%; days to cover: 2.0
- Nike Inc (NKE), up 15.5% to $154.35 / YTD price return: +9.1% / 12-Month Price Range: $ 93.57-147.95 / Short interest (% of float): 1.0%; days to cover: 2.0
- JinkoSolar Holding Co Ltd (JKS), up 13.6% to $43.00 / YTD price return: -30.5% / 12-Month Price Range: $ 16.89-90.20 / Short interest (% of float): 20.3%; days to cover: 5.2
- Apogee Enterprises Inc (APOG), up 12.2% to $43.30 / 12-Month Price Range: $ 19.48-42.70 / Short interest (% of float): 5.4%; days to cover: 9.0
- Zhangmen Education Inc (ZME), up 12.1% to $14.67 / 12-Month Price Range: $ 12.03-20.52 / Short interest (% of float): 0.0%; days to cover: 0.1
- Paysafe Ltd (PSFE), up 9.9% to $12.21 / YTD price return: -19.1% / 12-Month Price Range: $ 9.60-19.57 / Short interest (% of float): 3.2%; days to cover: 2.9
- Atossa Therapeutics Inc (ATOS), up 8.8% to $8.62 / YTD price return: +807.4% / 12-Month Price Range: $ .81-8.48 / Short interest (% of float): 13.7%; days to cover: 0.9
- Avidity Biosciences Inc (RNA), up 8.7% to $29.26 / 12-Month Price Range: $ 19.12-37.46 / Short interest (% of float): 19.8%; days to cover: 33.1
- AST SpaceMobile Inc (ASTS), up 8.4% to $10.50 / 12-Month Price Range: $ 6.96-25.37 / Short interest (% of float): 7.9%; days to cover: 1.0
BIGGEST LOSERS
- SoFi Technologies Inc (SOFI), down 11.4% to $18.50 / YTD price return: +48.7% / 12-Month Price Range: $ 10.10-28.26 / Short interest (% of float): 4.6%; days to cover: 4.7 (the stock is currently on the short sale restriction list)
- Century Therapeutics Inc (IPSC), down 10.9% to $22.45 / 12-Month Price Range: $ 18.93-27.99 (the stock is currently on the short sale restriction list)
- Adecoagro SA (AGRO), down 10.0% to $10.23 / YTD price return: +50.4% / 12-Month Price Range: $ 4.09-11.77 / Short interest (% of float): 4.3%; days to cover: 2.9 (the stock is currently on the short sale restriction list)
- Theravance Biopharma Inc (TBPH), down 8.8% to $15.60 / 12-Month Price Range: $ 14.48-22.82 / Short interest (% of float): 6.5%; days to cover: 13.0 (the stock is currently on the short sale restriction list)
- Vir Biotechnology Inc (VIR), down 8.2% to $45.51 / YTD price return: +69.9% / 12-Month Price Range: $ 25.31-141.01 / Short interest (% of float): 8.0%; days to cover: 12.9
- Rush Enterprises Inc (RUSHB), down 8.1% to $36.20 / 12-Month Price Range: $ 20.57-47.10 / Short interest (% of float): 0.7%; days to cover: 4.4
- Gatos Silver Inc (GATO), down 8.0% to $17.76 / YTD price return: +36.1% / 12-Month Price Range: $ 5.78-24.00 / Short interest (% of float): 3.4%; days to cover: 3.2
- Desktop Metal Inc (DM), down 7.8% to $12.00 / YTD price return: -30.2% / 12-Month Price Range: $ 10.08-34.94 / Short interest (% of float): 10.2%; days to cover: 4.6
- Agiliti Inc (AGTI), down 7.5% to $21.71 / 12-Month Price Range: $ 13.56-26.36 / Short interest (% of float): 0.2%; days to cover: 0.1 (the stock is currently on the short sale restriction list)
- ProPetro Holding Corp (PUMP), down 7.5% to $10.26 / YTD price return: +38.8% / 12-Month Price Range: $ 3.58-13.99 / Short interest (% of float): 5.3%; days to cover: 4.5
S&P 500 FORWARD TRADING MULTIPLES
NEW IPOs ANNOUNCED OR PRICED
- TDMY Technology Group Inc / United States of America - Financials / Listing Exchange: New York / Ticker: TDMY.U / Gross proceeds (including overallotment): US$ 250.00m (offering in U.S. Dollar) / Bookrunners: Goldman Sachs & Co
- SCE Intelligent Commercial Management Holdings Ltd / China - Real Estate / Listing Exchange: Hong Kong / Ticker: 606 / Gross proceeds (including overallotment): US$ 128.26m (offering in Hong Kong Dollar) / Bookrunners: UBS (Hong Kong), Hongkong & Shanghai Banking Corp Ltd, Merrill Lynch (Asia Pacific) Ltd, CLSA Asia-Pacific Markets Ltd
- AllDay Marts Inc / Philippines - Retail / Listing Exchange: Philippine / Ticker: - / Gross proceeds (including overallotment): US$ 103.04m (offering in Philippine Peso) / Bookrunners: Not Applicable
- Yuexiu Services Group Ltd / Hong Kong - Real Estate / Listing Exchange: Hong Kong / Ticker: 6626 / Gross proceeds (including overallotment): US$ 100.03m (offering in Hong Kong Dollar) / Bookrunners: BOCI Asia Ltd, Chong Hing Securities Ltd, Yue Xiu Securities Co Ltd, CLSA Asia-Pacific Markets Ltd, CCB International Capital Ltd, China International Capital Corp HK Securities Ltd, ICBC International Capital Ltd, Haitong International Securities Co Ltd, China Securities (International) Corporate Finance Co, ABCI Capital Ltd, BOCOM International Securities Ltd, CMBC Securities Co Ltd
EQUITY FOLLOW-ONS / SECONDARY OFFERINGS
- Oasis Midstream Partners LP / United States of America - Energy and Power / Listing Exchange: Nasdaq / Ticker: OMP / Gross proceeds (including overallotment): US$ 101.20m (offering in U.S. Dollar) / Bookrunners: Morgan Stanley & Co LLC
- Theravance Biopharma Inc / United States of America - Healthcare / Listing Exchange: Nasdaq / Ticker: TBPH / Gross proceeds (including overallotment): US$ 100.50m (offering in U.S. Dollar) / Bookrunners: Evercore Group, SVB Leerink LLC
- GLP J-REIT / Japan - Real Estate / Listing Exchange: Tokyo / Ticker: 3281 / Gross proceeds (including overallotment): US$ 143.68m (offering in Japanese Yen) / Bookrunners: Nomura Securities Co Ltd, Mizuho Securities Co Ltd, Mitsubishi UFJ Morgan Stanley Securities Co Ltd, SMBC Nikko Securities Inc