Reply To: Traders Market Weekly: Inflation and Bear Market Rallies

#41422
TradersCom
Keymaster

Aside from energy, the worst performing sector was consumer staples (-0.8%), which was weighed down by Walmart (WMT 125.57, -4.93, -3.8%) and Clorox (CLX 137.76, -6.81, -4.7%). The latter disappointed with quarterly results while the former is reportedly cutting approximately 200 corporate positions in a restructuring effort.

Another factor limiting index performance was the lack of influence from mega cap stocks, which have been an important driver recently. Apple (AAPL 165.81, -0.32, -0.2%) was a notable laggard, closing with a modest loss.