Reply To: Traders Market Weekly: Short Squeezes and Bond Markets

#51073
Truman
Participant

Dow +130.56 at 33761.10, Nasdaq +159.54 at 10728.75, S&P +32.54 at 3927.62

The S&P 500 opened above the 3,900 level and continues to climb.

Strength in the mega cap space is bolstering index level performance.

The Vanguard Mega Cap Growth ETF (MGK) is up 1.6% versus a 0.8% gain in the S&P 500 and a 0.6% gain in the Invesco S&P 500 Equal Weight ETF (RSP).

The S&P 500 sectors reflect mega cap leadership.

The information technology (+1.9%) and consumer discretionary (+1.7%) sectors exhibit the biggest gains thanks to gains in their respective mega cap components like Microsoft (MSFT 228.47, +3.58, +1.6%) and Tesla (TSLA 121.53, +8.51, +7.5%).

Only two sectors trade in negative territory, health care (-0.3%) and consumer staples (-0.1%).