Aniket PujariStocks @ 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 Nasdaq Composite posted its worst day since September 2022, and what’s on the radar for the next session. Markets in the U.S.A. The Dow Jones Industrial Average is now down 0.7% since Election Day on Nov. 5. The New York Stock Exchange Composite is down 1.3% since Nov. 5. The S & P 500 is down 2.9% since the election. The Nasdaq Composite is down nearly 5.3% since the election. The Dow Transports are down almost 8% since the election. The Russell 2000 is down 10.7% since the election. .SPX 3M mountain The S & P 500 over the past three months Megacap tech Five of the “Magnificent Seven” super megacap tech stocks are down since Election Day. The remaining two are up. Meta Platforms is the top performer in the group since Nov. 5, up 4.5% in that time. The stock is 19% from the Feb. 14 high. Apple is up 1.8% since the election. It is 12.5% from the Dec. 26 high. Alphabet is down 2.3% since Nov. 5. The stock is down 20% from the Feb. 4 high. Amazon is down 2.5% since the election. The stock is also 20% from the Feb. 4 high. Microsoft is down 7.6% since Election Day. It is 19% from the July 5 high. Tesla is down about 11.7% since the election. The stock is down 54% since the Dec. 18 high. Nvidia is down 23.5% since Election Day. The stock is down 30% since Jan. 7. Relative strength… or lack thereof The RSI, relative strength index, measures how fast a stock has jumped or dropped. Anything below 30 is considered oversold, anything above 70 is overbought. Whether a stock has a reading that’s over or under those thresholds doesn’t necessarily guarantee that an immediate move is coming, but it is one metric traders use to gauge a specific stock. Right now, six stocks in the Dow Industrials are marked as oversold. Half the Dow 30 is below 50. Some 16 of the 100 stocks in the Nasdaq 100 are in the “oversold” category. In all, 60 of the 100 stocks in the Nasdaq 100 have an RSI of below 50. The Invesco QQQ ETF (QQQ) , which tracks the Nasdaq 100, has an RSI of 28. QQQ 3M mountain The Invesco QQQ ETF (QQQ) in the past three months Funds behind Elon Musk The Baron Partners Fund (BPTIX) is down 13% in a month. It has Tesla as its biggest holding, making up 32% of the fund. Cathie Woods’ Ark Innovation Fund (ARKK) is down about 24% in a month. The fund has a 10.4% allocation in Tesla. Oracle The stock is down about 4% after hours after posting quarterly results that missed Wall Street expectations. Revenue came in at $14.13 billion, just short of the $14.39 billion anticipated by analysts, per LSEG. Oracle is 25% from the Dec. 9 high. The S & P Software and Services industry dropped 3.7% Monday. It is 14.5% from the Dec. 11 high. S & P Tech dropped 4.3% Monday. It is 15% from the Dec. 26 high. ORCL 3M mountain Oracle shares in the past three months Canada has a new prime minister Mark Carney is now in charge of our neighbor to the north . The iShares MSCI Canada ETF (EWC) fell nearly 2% on Monday. The ETF is down 5.6% in a month. It is 8.4% from the Dec. 5 high. Dick’s Sporting Goods The sporting goods company reports in the morning. Dick’s Sporting Goods is down 1.3% over the past three months. It is 17% from the Jan. 24 high. DKS 3M mountain Dick’s Sporting Goods in the past three months Kohl’s The department store reports in the morning before the bell. Kohl’s is down 20% in three months. Shares are 59% from the April 1 high.
