Market up slightly, but tech lead will be tested
- Stocks are higher with most sectors in the green, continuing some
strength seen in the last hour of yesterday's selloff.
- The S&P is up 0.1%, the Nasdaq is up 0.4% and the Dow is off 0.1%.
- Technology (NYSEARCA:XLK) starts higher, but market direction will
likely hinge on whether it can hold these early gains following two down
days. Apart from Materials (NYSEARCA:XLB), other sectors haven't been
able to step up when tech falters.
- The megacaps are mixed, with Facebook up the most as it tries to
recover from a tough week and from eight down days in the last 10.
- Apart from stocks, there's not too much in the way of movement. The
10-year Treasury yield is down slightly at 0.67%. Crude futures are flat
around $41/barrel and spot gold is up 0.3%.
- Stocks may be in for some volatility late in the session as it is
quadruple witching day, the simultaneous expiration of market index
futures, stock futures, market index options and stock options.
|Today, 9:34 AM|1 Comment
- Stocks are higher with most sectors in the green, continuing some
strength seen in the last hour of yesterday's selloff.
- The S&P is up 0.1%, the Nasdaq is up 0.4% and the Dow is off 0.1%.
- Technology (NYSEARCA:XLK) starts higher, but market direction will
likely hinge on whether it can hold these early gains following two down
days. Apart from Materials (NYSEARCA:XLB), other sectors haven't been
able to step up when tech falters.
- The megacaps are mixed, with Facebook up the most as it tries to
recover from a tough week and from eight down days in the last 10.
- Apart from stocks, there's not too much in the way of movement. The
10-year Treasury yield is down slightly at 0.67%. Crude futures are flat
around $41/barrel and spot gold is up 0.3%.
- Stocks may be in for some volatility late in the session as it is
quadruple witching day, the simultaneous expiration of market index
futures, stock futures, market index options and stock options.
|Today, 9:34 AM|1 Comment
Comments
Post a Comment