Reply To: Traders Market Weekly: Balancing Expectations, Earnings and Money Flow


Dow +210.31 at 33945.10, Nasdaq +7.92 at 13669.01, S&P +12.06 at 4412.28

Stock market opened on a mixed note. Weak mega cap stocks have weighed on the major indices while the broader market exhibits relative strength.

The Vanguard Mega Cap Growth ETF (MGK) is down 0.5% while the Invesco S&P 500 Equal Weight ETF (RSP) trades up 1.0%.

Most of the S&P 500 sectors trade up led by industrials (+1.3%), financials (+1.0%), and health care (+0.8%). Lagging mega cap components have pinned the information technology (-0.4%) and communication services (-0.5%) sector to last place on the leaderboard.

A drop in market rates has been supportive of equities so far.

The 2-yr note yield is down six basis points to 4.89% and the 10-yr note yield is down two basis points to 4.03%.