SP500
S&P 500 rises as cyclical stocks rebound
- The broader market continues it momentum from late-session Monday,
with the beaten-down cyclical taking the baton as tech takes a breather.
- The S&P (SP500) +0.2% is enjoying broad-based, but modest, gains. The
Nasdaq (COMP) +0.1% is weakest of the major averages, while the Dow (DJI)
+0.4% is outperforming after good quarterly numbers from Johnson &
Johnson.
- The Big 6 megacaps are mixed, with only Alphabet in the red.
- Nine out of 11 of the S&P sectors are higher.
- Utilities (NYSEARCA:XLU) is at the bottom and Financials (NYSEARCA:XLF)
are down, still seeing their earnings-season selloff and hit by further
pressure on rates.
- The 10-year Treasury yield is slightly lower to 1.04%.
- The retail trader vs. the shorts is still in effect, with Koss now in
focus.
|Today, 9:52 AM|1 Comment
S&P 500 rises as cyclical stocks rebound
- The broader market continues it momentum from late-session Monday,
with the beaten-down cyclical taking the baton as tech takes a breather.
- The S&P (SP500) +0.2% is enjoying broad-based, but modest, gains. The
Nasdaq (COMP) +0.1% is weakest of the major averages, while the Dow (DJI)
+0.4% is outperforming after good quarterly numbers from Johnson &
Johnson.
- The Big 6 megacaps are mixed, with only Alphabet in the red.
- Nine out of 11 of the S&P sectors are higher.
- Utilities (NYSEARCA:XLU) is at the bottom and Financials (NYSEARCA:XLF)
are down, still seeing their earnings-season selloff and hit by further
pressure on rates.
- The 10-year Treasury yield is slightly lower to 1.04%.
- The retail trader vs. the shorts is still in effect, with Koss now in
focus.
|Today, 9:52 AM|1 Comment
Comments
Post a Comment