Afternoon Note
Mixed
By Karina Hernandez, Senior Research Analyst
12/5/2023 1:42 PM
Stocks are mixed, and the Nasdaq is the only index in green helped by dropping yields after the job openings data. The Jolts report, out this morning, came in at 8.7m, a lot lower than the expected 9.3m. The quits rate stayed steady for the third consecutive month at 2.3%.
JOLTS
|
Positives |
October |
September |
|
Manufacturing |
735,000 |
601,000 |
|
Leisure |
1,612,000 |
1,359,000 |
|
Healthcare |
1,991,000 |
1,729,000 |
JOLTS
|
Negatives |
October |
September |
|
Education |
160,000 |
177,000 |
|
Construction |
398,000 |
427,000 |
|
Finance |
413,000 |
441,000 |
In other data, the ISM Services PMI was up to 52.7 from the prior 51.8 and above consensus of 52.3.
- New orders unchanged
- Business activity stronger
- Prices paid eased
Consumer Discretionary is one of the two sectors in green, thanks in part to two top-weighed component’s, Tesla (TSLA) and Amazon (AMZN).
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