The market has experienced three consecutive days of losses, causing concern among investors.
American Airlines and Southwest Airlines are set to release their quarterly earnings reports. American Airlines' stock price has increased by 22% in the past three months, while Southwest Airlines' stock has risen by 13% in the same period. United Airlines has seen a significant 52% increase in its stock price over the last three months, making it the top performer in the airline sector.
The utilities sector has shown resilience, being the only sector in the S&P 500 to post gains this week. Utility companies like Entergy, Consolidated Edison, DTE Energy, and Dominion Energy have all reached new highs.
Honeywell, a company in the industrial sector, is set to report its earnings. The industrial sector has seen a 39% increase over the past year, driven by strong performances from companies like Howmet Aerospace and GE Aerospace. Some companies within the industrial sector, such as Paycom, Boeing, and UPS, have struggled.
The real estate sector has seen a 24% increase over the past three months, with office REITs performing well.
The technology sector is also attracting attention, with Microsoft and Nvidia making headlines. Microsoft's stock has gained approximately 13% so far in 2024, while Nvidia's stock has increased by about 15% in October and 181% year-to-date. Palantir has also shown significant gains in October.
Investors are closely watching these developments across various sectors to inform their investment strategies.