Reply To: Traders Market Weekly: Expect the Unexpected

#45648
Truman
Participant

Kansas City Fed President George (FOMC voter) said she supports ongoing rate increases, adding that the path of rate hikes needs to be balanced against the state of the economy and financial markets, according to CNBC.

Dow 29944.10 -96.65 (-0.32%)
Nasdaq 10518.11 -130.89 (-1.23%)
SP 500 3636.28 -33.70 (-0.92%)
10-yr Note -27/32 4.01
NYSE Adv 844 Dec 2068 Vol 273 mln
Nasdaq Adv 1410 Dec 2745 Vol 1.8 bln

S&P 500 sectors fell into negative territory.

Energy (-3.1%) shows the steepest losses while health care (-0.3%) has the slimmest. The latter is getting a boost from UnitedHealth (UNH 519.59, +9.68, +1.9%), which trades up after reporting favorable quarterly results.

The worst performing health care sector component is Organon (OGN 23.07, -0.96, -4.0%) after the company was downgraded to Underperform from Neutral at BofA Securities.

CBOE Volatility Index is climbing, up 2.1%, or 0.67, to 32.61.