Reply To: Traders Market Weekly: Thanksgiving, a Time for Reflection

#47819
Truman
Participant

Dow -182.56 at 33374.30, Nasdaq -94.87 at 11028.64, S&P -36.46 at 3922.40

The major averages have lifted off their early session lows in recent trading. The S&P 500 tested, and found support at, the 3,900 level.

The S&P 500 information technology sector (-0.3%) shows the slimmest losses among the 11 sectors. Earnings-driven gains in Cisco (CSCO 46.28, +1.89, +4.2%) and NVIDIA (NVDA 162.40, +3.36, +2.2%) help to limit sector losses.

Other semiconductor components are trading up today in sympathy with NVIDIA. The PHLX Semiconductor Index is up 0.5% versus a 0.9% loss in the S&P 500.