Tech sees familiar fade; S&P struggles to hold gains
- In what's become a familiar script, early tech strength is
evaporating, taking the broader market move with it. But the stage could
still be set for a late-afternoon comeback.
- The S&P is up 0.1%, the Nasdaq is up 0.2% and the Dow is off 0.4%.
- UnitedHealth and Goldman Sachs are dragging the most on the Dow.
- Technology (NYSEARCA:XLK) went from sector leader to negative
territory, but Communication Services (NYSEARCA:XLC) and Consumer
Discretionary (NYSEARCA:XLY) are holding up.
- The megacaps are still higher, but Apple is looking shaky, having
dipped into negative territory.
- Financials (NYSEARCA:XLF) are the worst-performing sector, having
tumbled yesterday to mark four down days in the past five. XLF has fallen
below its 100-day simple moving average.
|Today, 11:51 AM|3 Comments
- In what's become a familiar script, early tech strength is
evaporating, taking the broader market move with it. But the stage could
still be set for a late-afternoon comeback.
- The S&P is up 0.1%, the Nasdaq is up 0.2% and the Dow is off 0.4%.
- UnitedHealth and Goldman Sachs are dragging the most on the Dow.
- Technology (NYSEARCA:XLK) went from sector leader to negative
territory, but Communication Services (NYSEARCA:XLC) and Consumer
Discretionary (NYSEARCA:XLY) are holding up.
- The megacaps are still higher, but Apple is looking shaky, having
dipped into negative territory.
- Financials (NYSEARCA:XLF) are the worst-performing sector, having
tumbled yesterday to mark four down days in the past five. XLF has fallen
below its 100-day simple moving average.
|Today, 11:51 AM|3 Comments
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