Reply To: Traders Market Weekly: Another Year, Another Reset

#50121
Truman
Participant

Cal-Maine Foods (CALM 53.27, -8.92, -14.3%) down more which is going against the grain after reporting worse-than-expected earnings.

Small and mid cap stocks on the upside ride today. The Russell 2000 is up 2.6% and the S&P Mid Cap 400 is up 2.0%.

The CBOE Volatility Index is down 2.9%, or 0.64, to 21.49.

The S&P 500 consumer discretionary sector (+2.3%) sits near the top of the leaderboard for the 11 sectors today. Only two sector components trade in the red, O’Reilly Auto (ORLY 842.50, -2.12, -0.3%) and AutoZone (AZO 2457.12, -4.51, -0.2%),

Tesla (TSLA 122.12, +9.41, +8.3%) leads the outperformers after ARK Innovation ETF purchased 17K shares. Also, CEO Elon Musk told workers that they shouldn’t be “bothered by stock market craziness,” according to CNBC.