Reply To: AI Swinging for The Fences – Traders Market Weekly

#73242
Truman
Participant

Morning”

Dow 38692.82 +21.13 (0.05%)
Nasdaq 15999.94 +9.28 (0.06%)
SP 500 5026.30 -0.31 (-0.01%)
10-yr Note 0/32 4.161
NYSE Adv 2066 Dec 612 Vol 102 mln
Nasdaq Adv 2799 Dec 1183 Vol 1.0 bln

Industry Watch
Strong: Energy, Materials, Communication Services, Real Estate, Financials, Consumer Discretionary, Utilities
Weak: Information Technology, Health Care

Moving the Market

— Weakness in some mega cap components weighing on index performance
— Wait-and-see in front of a busy week, and with the S&P 500 sitting at all-time high
— Muted action in Treasuries
— Outperforming small cap stocks

Russell 2000 continues its recent outperformance, trading up 0.8%. The market-cap weighted S&P 500 is fractionally higher while the equal-weighted S&P 500 trades up 0.4%.

The two heaviest S&P 500 components, Apple (AAPL 188.05, -0.81, -0.4%) and Microsoft (MSFT 417.39, -3.17, -0.7%), are trading down so far, limiting index performance.
The Vanguard Mega Cap Growth ETF (MGK) is down 0.2%.
Those losses have the information technology sector trading down 0.3%.