Reply To: Traders Market Weekly: Record Highs with Netflix, PCE & Tesla Risk

#70378
Truman
Participant

Morning Market
Dow 37202.53 -64.14 (-0.17%)
Nasdaq 15005.02 +149.40 (1.01%)
SP 500 4755.71 +16.50 (0.35%)
10-yr Note 0/32 4.107
NYSE Adv 1204 Dec 1445 Vol 171 mln
Nasdaq Adv 1905 Dec 2096 Vol 2.1 bln

Strong: Information Technology, Communication Services, Industrials, Consumer Discretionary
Weak: Health Care, Utilities, Consumer Staples, Energy, Financials, Real Estate

Moving the Market
— Relative strength in mega cap stocks; AAPL upgraded to Buy from Neutral at Bank of America
— Strength in semiconductor stocks after TSMC (TSM) reported earnings
— Digesting another batch of strong economic data

The S&P 500 financial sector is trading down 0.3% after some components reported earnings results since yesterday’s close. Discover Financial Services (DFS 100.16, -8.58, -7.9%) is struggling under selling pressure today after disappointing with quarterly results. KeyCorp (KEY 13.30, -0.53, -3.9%) is another top laggard from the sector after its earnings report.

Truist (TFC 36.09, +0.31, +0.9%) and M&T Bank (MTB 131.48, +0.52, +0.4%) trade up on their results.