Dow Hits Record, Sector Shifts: Most Watched Stocks on Yahoo Finance
On Tuesday, $UnitedHealth(UNH)$ released its Q224 results. Revenue was $98.86 billion, below the expected $98.95 billion. Net income for the Q2 was $42.16 billion, recovering from a net loss of $-14.09 billion in Q1
Following the release of results, $UnitedHealth(UNH)$ closed up 6.5%, leading the rise in $DJIA(.DJI)$ , which later hit a new high.
Marketing suggests that the sector rotation has begun.
From a market sector perspective, we can see that the homebuilding, housewares, furnishing retails and healthcare sectors are leading the percentage changes in Tuesday's trading.
Looking at the performance of industry ETFs on the single day, the top 10 gainers are as follows:
Small Caps area:$Direxion Daily Small Cap Bull 3x Shares(TNA)$ , $ProShares Ultra Russell2000(UWM)$
Gold and Silver areas: $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$ , $ProShares Ultra Silver(AGQ)$, $PROSHARES ULTRA MATERIALS(UYM)$, $ProShares Ultra Gold(UGL)$
Home Construction area: $iShares U.S. Home Construction ETF(ITB)$ , $SPDR S&P Homebuilders ETF(XHB)$
Dow Jones Index tracked ETF: $ProShares UltraPro Dow30(UDOW)$ , and $SPDR S&P Bank ETF(KBE)$
From the most watched stocks on yahoo finance you can also think that the market money flow has shifted:
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