Cyclicals join tech to help broader market edge up
- Stocks are gaining early, with cyclical sectors providing an
underpinning and big tech names giving their usual outsize jolt to the
indexes.
- The S&P is up 0.3%, the Dow is up 0.2% and the Nasdaq is climbing 0.6%.
- Energy (NYSEARCA:XLE) finds itself the rare leader. Crude prices are
up 0.6%. Technology (NYSEARCA:XLK) is just behind, led by HP following
its earnings.
- Financials (NYSEARCA:XLF), which had been leading premarket, are flat
after the rally in rates ebbed. But they are still on track for their
best
week in three months.
- Real Estate (NYSEARCA:XLRE) is the weakest of the three sectors in the
red.
- Spot gold is recovering yesterday's losses, rising 1.6%.
- On the economic front, July personal income and spending came in
better than economists predicted.
|Today, 9:40 AM
- Stocks are gaining early, with cyclical sectors providing an
underpinning and big tech names giving their usual outsize jolt to the
indexes.
- The S&P is up 0.3%, the Dow is up 0.2% and the Nasdaq is climbing 0.6%.
- Energy (NYSEARCA:XLE) finds itself the rare leader. Crude prices are
up 0.6%. Technology (NYSEARCA:XLK) is just behind, led by HP following
its earnings.
- Financials (NYSEARCA:XLF), which had been leading premarket, are flat
after the rally in rates ebbed. But they are still on track for their
best
week in three months.
- Real Estate (NYSEARCA:XLRE) is the weakest of the three sectors in the
red.
- Spot gold is recovering yesterday's losses, rising 1.6%.
- On the economic front, July personal income and spending came in
better than economists predicted.
|Today, 9:40 AM
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