[Video] Brent Perks up Ahead of Today’s FOMC Meeting
Matt Simpson April 28, 2021 3:37 AM
Commodity prices continue to soar higher, with Thomson Reuter’s CRB commodity index to its highest level since October 2018. So, can brent play catch up?
With the FOMC meeting scheduled later today, trading ranges could be on the quiet side. But should we see further weakness on the dollar following the meeting then it could provide brent with a bullish tailwind. In today’s video we also check out the US dollar index (DXY), the CRB Commodity Index and brent futures.
S&P 500: Market Internals
S&P 500: 4186.72 (-0.02%), 27 April 2021
- Energy (1.25%) was the strongest sector and Utilities (-0.751%) was the weakest
- 3 out of the 11 sectors outperformed the S&P 500
- 8 out of the 11 sectors traded lower on the S&P 500
- 277 (54.85%) stocks advanced and 225 (44.55%) declined
- 95.05% of stocks closed above their 200-day average
- 88.12% of stocks closed above their 50-day average
- 75.84% of stocks closed above their 20-day average
- + 10.42% - United Parcel Service Inc (UPS.N)
- + 4.94% - Caesars Entertainment Inc (CZR.OQ)
- + 4.29% - Pultegroup Inc (PHM.N)
- -7.96% - Cadence Design Systems Inc (CDNS.OQ)
- -7.11% - Centene Corp (CNC.N)
- -4.53% - Tesla Inc (TSLA.OQ)
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