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

#42237
Truman
Participant

Dow -245.69 at 33755.23, Nasdaq -215.20 at 12750.10, S&P -42.53 at 4241.28

The market opened lowers and continues to add to its losses thus far. Mega caps are leading the market lower at the open with the Vanguard Mega Cap Growth ETF (MGK) down 1.6% versus a 1.2% loss in the Invesco S&P 500 Equal Weight ETF (RSP) and a 1.1% loss in the S&P 500.

Only one S&P 500 sector is higher, health care (+0.1%), while mega cap-heavy sectors, consumer discretionary (-1.6%), communication services (-1.5%), and information technology (-1.5%), are near the bottom of the pack.

Separately, the CBOE VIX Index is up 5.1%, or 0.97, 20.53.