Reply To: Traders Market Weekly: Climbing The Wall of Worry


Lunchtime Market Snapshot
Dow 33489.33 +4.13 (0.01%)
Nasdaq 12006.58 -81.37 (-0.67%)
SP 500 4089.27 -17.02 (-0.41%)

10-yr Note -1/32 3.422

NYSE Adv 1399 Dec 1472 Vol 231 mln
Nasdaq Adv 1908 Dec 2354 Vol 2.0 bln

Strong: Energy, Materials, Industrials
Weak: Information Technology, Communication Services, Utilities, Consumer Discretionary, Consumer Staples

Moving the Market

— Reacting to Friday’s March Employment Report, which showed a slight decrease in the unemployment rate
— Below-average volume as major European markets (and Hong Kong’s Hang Seng) remain closed for the Easter holiday
— Treasury yields lifting off overnight lows
— Weakness in mega cap stocks weighing down index performance