Broad market rally continues; gold revs up
- Stocks are still posting modest gains, but breadth is strong.
- The S&P is up 0.3%, the Dow is rising 0.3% and the Nasdaq is gaining
the most, up 0.6%.
- Advancers are handily outpacing decliners on the NYSE and the Nasdaq
and new highs are well ahead of new lows.
- Spot gold is popping, up 2.3%. The yellow metal struggled yesterday as
rates were climbing, but yields have backed off today. Gold miners
(NYSEARCA:GDX) jumped 3.6%.
- That's helping Materials (NYSEARCA:XLB) climb in stock sectors, just
behind top performer Energy (NYSEARCA:XLE). Crude futures are flat.
- Technology (NYSEARCA:XLK) is also up among the leaders. HP remains
higher and Western Digital is leading a strong move in chip stocks.
- Cruise line stocks are among the best performers in the S&P. AIDA, a
German unit of Carnival, is resuming fall voyages.
- Apple and Tesla are muted on their last day of trading before their
stock splits, but action could be volatile closer to the end of trading.
- Overall, volume is light, as it has been this week as August comes to
a close.
|Today, 12:44 PM|5 Comments
- Stocks are still posting modest gains, but breadth is strong.
- The S&P is up 0.3%, the Dow is rising 0.3% and the Nasdaq is gaining
the most, up 0.6%.
- Advancers are handily outpacing decliners on the NYSE and the Nasdaq
and new highs are well ahead of new lows.
- Spot gold is popping, up 2.3%. The yellow metal struggled yesterday as
rates were climbing, but yields have backed off today. Gold miners
(NYSEARCA:GDX) jumped 3.6%.
- That's helping Materials (NYSEARCA:XLB) climb in stock sectors, just
behind top performer Energy (NYSEARCA:XLE). Crude futures are flat.
- Technology (NYSEARCA:XLK) is also up among the leaders. HP remains
higher and Western Digital is leading a strong move in chip stocks.
- Cruise line stocks are among the best performers in the S&P. AIDA, a
German unit of Carnival, is resuming fall voyages.
- Apple and Tesla are muted on their last day of trading before their
stock splits, but action could be volatile closer to the end of trading.
- Overall, volume is light, as it has been this week as August comes to
a close.
|Today, 12:44 PM|5 Comments
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