Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes


Dow -12.70 at 33750.23, Nasdaq +13.02 at 13060.16, S&P -2.70 at 4277.52

Opened decidedly lower on the heels of weaker-than-expected economic data out of China, which renewed global growth concerns.

The major indices have lifted off their opening lows with the Nasdaq pushing into positive territory.

The mega cap stocks are offering support to the major indices at the open. The Vanguard Mega Cap Growth ETF (MGK) is up 0.4% versus a 0.2% loss in the Invesco S&P 500 Equal Weight ETF (RSP) and a 0.1% loss in the S&P 500.

The defensive-oriented sectors, utilities (+0.3%), consumer staples (+0.3%), and health care (+0.4%), dot the top of the leaderboard amid renewed growth concerns.

Energy (-4.0%) is down big thanks to falling oil prices. Notably, it’s the only sector moving more than 1.0% in either direction.