Stocks drift after string of wins, debate on tap
- The market is lacking direction, but that's understandable coming off
yesterday's broad-based rally and with the first presidential debate
coming
this evening.
- The S&P is off 0.1%, the Nasdaq is down 0.1% and the Dow is down 0.2%.
- After a September of money coming out of big-hitting tech stocks, the
market has pulled together a string wins recently to limit the damage.
The
Nasdaq 100 (NASDAQ:QQQ) was down 12.7% from its Sept. 2 closing high
last Wednesday. After Monday's close it's down 8.4%.
- Investors may also want to keep some powder dry to see any upshot from
tonight's debate, expected to draw as many as 80M viewers.
- Communications Services (NYSEARCA:XLC) was active premarket after Wall
Street analysts weighed in on Netflix with caution about Q3 subscriber
numbers, and Facebook and Alphabet on bullishness about digital ads.
- Yesterday's winners and losers are swapping places. Utilities
(NYSEARCA:XLU) is seeing the most gains, while Energy (NYSEARCA:XLE),
which surged Monday, is the laggard.
- In commodities, oil futures are down 1.7%, back below $40/barrel. Spot
gold is up 0.4%.
*Techs trimming some September losses*
|Today, 9:33 AM|1 Comment
- The market is lacking direction, but that's understandable coming off
yesterday's broad-based rally and with the first presidential debate
coming
this evening.
- The S&P is off 0.1%, the Nasdaq is down 0.1% and the Dow is down 0.2%.
- After a September of money coming out of big-hitting tech stocks, the
market has pulled together a string wins recently to limit the damage.
The
Nasdaq 100 (NASDAQ:QQQ) was down 12.7% from its Sept. 2 closing high
last Wednesday. After Monday's close it's down 8.4%.
- Investors may also want to keep some powder dry to see any upshot from
tonight's debate, expected to draw as many as 80M viewers.
- Communications Services (NYSEARCA:XLC) was active premarket after Wall
Street analysts weighed in on Netflix with caution about Q3 subscriber
numbers, and Facebook and Alphabet on bullishness about digital ads.
- Yesterday's winners and losers are swapping places. Utilities
(NYSEARCA:XLU) is seeing the most gains, while Energy (NYSEARCA:XLE),
which surged Monday, is the laggard.
- In commodities, oil futures are down 1.7%, back below $40/barrel. Spot
gold is up 0.4%.
*Techs trimming some September losses*
|Today, 9:33 AM|1 Comment
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