Reply To: Traders Market Weekly: Jobs, Inflation and PMI Pressures

#42366
Truman
Participant

Mega caps continue to drive the market lower with the consumer discretionary (-2.5%), communication services (-2.2%), and information technology (-2.1%) sectors at the bottom of the pack thanks to Amazon.com (AMZN 133.63, -4.58, -3.3%), Meta Platforms (META 163.54, -4.36, -2.6%), and Microsoft (MSFT 279.12, -7.04, -2.5%), respectively. These are the only sectors down more than 2.0%.

Growth stocks in general are lagging the broader market as evidenced by the Russell 3000 Growth Index (-1.9%) down more than the Russell 3000 Value Index (-1.5%).