A trader works on the trading floor at The New York Stock Exchange (NYSE) following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024.
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.
Here's what CNBC TV's producers were watching as the Dow and S&P 500 posted fresh records Tuesday, and what's on the radar for the next session.
STAY IN THE KNOW
 |
Watch NBC10 Boston news for free, 24/7, wherever you are. |
 |
Get Boston local news, weather forecasts, lifestyle and entertainment stories to your inbox. Sign up for NBC Boston’s newsletters. |
The staples
- CNBC TV's Dominic Chu reports on consumer staples in Wednesday's edition of "Sectornomics."
- Consumer staples are right in the middle, ranked in sixth place among the 11 S&P sectors. In 2024, it's up about 16%.
- Walmart is the top performing stock in the sector, up 53% this year.
- Kellanova ranks second, up 44% in 2024.
- Costco is third, up 36.6% year to date.
- At the bottom: Walgreens, Dollar Tree and Lamb Weston. Each of those names have been hit pretty hard this year. Lamb Weston is down 40% in 2024, while Dollar Tree is off about 50%. Walgreens is down 67% year to date.
Get top local stories in Boston delivered to you every morning. Sign up for NBC Boston's News Headlines newsletter.
China
- We'll be watching for a follow-through after a big day for the Chinese ETFs. Beijing issued a series of stimulus measures aimed at propping up the economy, and stocks tied to the country jumped.
- The KraneShares China Internet ETF (KWEB) jumped 10.3% Tuesday. It is 8% from the May 52-week high. In the past week, it is up 16%.
- The iShares MSCI China ETF (MCHI) was up about 9% Tuesday. It is 1% from the May 17 high. It is up around 14% in a week.
- The iShares China Large-Cap ETF (FXI) was up 9.8% Tuesday, and it hit a 52-week high. It is up 15% in a week.
Copper
- It is up 12.5% in the last six weeks.
- Copper's movements sometimes follow China as that country is generally seen as a big buyer of the commodity.
- Newmont is now at a 27-month high after jumping 2.5% Tuesday. It is up 31% in three months.
Micron earnings are due after the bell
- CNBC TV's Seema Mody is covering the company Wednesday.
- Micron Technology is down 32% in the past three months.
- The stock is 40% from the June 18 high.
- However, shares are up 36.5% in the last year.
Copyright CNBC
