Reply To: Traders Market Weekly: Inflation and Bank Earnings


Gains in a few mega cap names are helping boost the broader market. Apple (AAPL 126.27, +1.20, +1.0%) and Tesla (TSLA 109.32, +1.24, +1.2%) are winning standouts while Microsoft (MSFT 228.98, -10.62, -4.4%) goes against the grain after receiving a downgrade to Neutral from Buy at UBS.

The advance-decline line reflects a strong positive bias thus far. Advancers lead decliners by a nearly 5-to-1 margin at the NYSE and a greater than 3-to-1 margin at the Nasdaq.

ISM Manufacturing Index fell to 48.4% in December consensus 48.5% from 49.0% in November.

JOLTS – Job Openings increased to 10.458 million in November from a revised total of 10.512 million in October (from 10.334 million).