14 Feb '23 at 8:16 pm #53440
As yields pulled back from their highs, the major indices were able to bounce somewhat and close the session well above their intraday lows.
Dow -156.66 at 34089.22, Nasdaq +68.36 at 11960.17, S&P -1.16 at 4136.13
The Nasdaq closed with a decent gain today thanks to an upside pull from several mega cap stocks.
The Vanguard Mega Cap Growth ETF (MGK) was up 0.5% versus a 0.2% loss in the Invesco S&P 500 Equal Weight ETF (RSP).
Most of the S&P 500 sectors registered a decline with real estate (-1.0%) and consumer staples (-0.9%) sinking the bottom of the pack. The heavily weighted information technology (+0.4%) and consumer discretionary (+1.2%) sectors led the outperformers.