MidnightTimes

State of the Markets

Market Closed

Today's Market Brief

S&P 741.67 +0.5%Nasdaq 722.1 +0.8%Dow 513.2 +0.8%Russell 293.4 +1.0%VIX 23.325 -4.4%Market Closed

Today

No major events or earnings scheduled.

Market Closed
04:12:09
S&P 500
741.67
+0.54%
Nasdaq 100
722.10
+0.76%
Dow Jones
513.20
+0.76%
Russell 2000
293.40
+1.02%
VIX
23.33
Moderate
Sectors
Financials+1.39%Energy+0.81%Utilities+1.11%Technology+0.82%Healthcare-0.16%Consumer Disc.+0.21%Consumer Staples+0.70%Materials+1.90%Industrials+0.62%Real Estate+0.97%Communication-0.41%
▲ Gainers
UBXG7.87+64.30%SPCL51.26+56.56%EDHL8.64+44.48%FRD34.72+31.61%ASTN6.00+31.29%POEL33.88+22.49%ARMG47.52+21.91%SNSE13.00+20.48%
▼ Losers
HSPTU5.00-56.14%HSPT5.80-47.37%FLYT13.05-38.82%SDOT16.21-34.05%VELL29.97-33.07%ASUP17.68-31.17%ASTX25.71-31.09%ASTY14.35-30.56%
● Most Active
BITO8.64289.7MAAL14.97153.4MINTC124.55151.6MNOK14.78117.9MNVDA205.10114.4MSPDN8.8095.6MTSLL13.5494.8MTQQQ77.8894.5M

Key Economic Metrics

24 indicators
GDP Growth (QoQ)Gross Domestic Product — the total value of everything the US produces. Above 2% is healthy; below 0% for two quarters is a recession.
Q1 2026
1.6%↓
Trend↓ 3M↓ 6M

Slowing from 2.4% in Q4 2025. Below trend but not recession territory.

Industrial Production (MoM)Output of factories, mines, and utilities. A coincident indicator — turns with the economy, not before it.
Apr 2026
+0.1%→
Trend→ 3M↓ 6M

Manufacturing output barely positive. Autos and machinery weak. Below pre-strike levels.

Durable Goods Orders (MoM)Orders for goods lasting 3+ years (planes, machinery, electronics). A leading indicator — businesses stop ordering when they see trouble ahead.
Apr 2026
-1.2%↓
Trend↓ 3M↓ 6M

Big-ticket items falling. Boeing orders volatile but core capital goods also soft.

ISM Manufacturing PMIPurchasing Managers Index. Above 50 = expanding, below 50 = contracting. A leading indicator — turns before the economy.
May 2026
48.7↓
Trend↓ 3M↓ 6M

In contraction for 8th straight month. New orders sub-index is weakest component.

ISM Services PMISame as Manufacturing PMI but for services. The bigger number — US is a service economy.
May 2026
51.2→
Trend→ 3M↓ 6M

Barely expanding at 51.2. Services is 70% of the economy — if this dips below 50, it's a problem.

Housing Starts (SAAR)New home construction starts, annualized. Housing is rate-sensitive — turns down before recessions. Normal is ~1.5M/year.
Apr 2026
1.32M→
Trend→ 3M↓ 6M

Stuck in low-inventory equilibrium. High mortgage rates lock in existing owners.

Trade BalanceExports minus imports. A widening deficit subtracts from GDP. Tariff policy could shift this dramatically.
Apr 2026
-$72.5B↓
Trend↓ 3M↓ 6M

Deficit widening. Imports rising faster than exports. Strong dollar not helping exporters.

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