Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection

#37289
Truman
Participant

Dow +389.59 at 31651.51, Nasdaq +17.09 at 11371.70, S&P +32.73 at 3934.10

Ten sectors trade in positive territory but the influential consumer discretionary sector (-1.1%) is struggling to keep pace due to losses in most of its components, including top listings Amazon (AMZN 2096.18, -55.64, -2.6%) and Tesla (TSLA 651.91, -1.99, -1.9%). Ross Stores (ROST 77.06, +5.19, +7.2%) has bucked the sector’s early weakness as it rebounds from Friday’s plunge.

On the upside, financials (+2.3%) and energy (+2.2%) lead with energy holding a solid gain despite no change in the price of oil, which hovers near $110.17/bbl.