Reply To: Traders Market Weekly: Expect the Unexpected

#45582
Truman
Participant

Bounced!

Dow 29752.57 +539.69 (1.85%)
Nasdaq 10507.54 +90.59 (0.87%)
SP 500 3626.67 +49.57 (1.39%)
10-yr Note -2/32 3.921
NYSE Adv 2151 Dec 858 Vol 513.0 mln
Nasdaq Adv 2801 Dec 1457 Vol 3.38 bln

Industry Watch
Strong: Energy, Financials, Materials, Information Technology
Weak: —

Moving the Market

— Resilience to selling efforts following hotter-than-expected September CPI report, which stoked concerns about continued aggressive Fed moves
— Modest pullback in Treasury yields after a sharp rise on the heels of the CPI report
— Strength mega cap stocks, namely Apple and Microsoft
— S&P 500 finds support after falling below 3,500
— Semiconductors staging an impressive comeback from opening lows