Reply To: Traders Market Weekly: A Magical Green First Quarter for Stocks


Early Market
Dow 39552.02 -255.35 (-0.64%)
Nasdaq 16378.17 -1.29 (-0.01%)
SP 500 5240.30 -14.05 (-0.27%)
10-yr Note -32/32 4.333
NYSE Adv 908 Dec 1883 Vol 238 mln
Nasdaq Adv 1483 Dec 2759 Vol 2.7 bln

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

Moving the Market

— Digesting a slate of economic data, which showed some sticky inflation data
— Rising Treasury yields keeping the stock market in check
— New inflows at the start of Q2
— Gains in mega caps and semiconductor stocks

The top two performing S&P 500 components are in the heavily-weighted information technology sector, which sports a 0.1% gain. Micron (MU 126.32, +8.43, +7.2%) and Western Digital (WDC 72.17, +3.93, +5.8%) are the winning standouts in that respect. On a related note, Digitimes reported that DRAM prices and demand are falling.

Walgreens Boots Alliance (WBA 20.26, -1.44, -6.6%) is the worst performing S&P 500 component with no specific news to account for the selling.