Reply To: Traders Market Weekly: Fear, Greed, War and Volatility


market Morning

Dow 37990.87 +237.56 (0.63%)
Nasdaq 15707.01 +23.64 (0.15%)
SP 500 5038.35 +16.14 (0.32%)
10-yr Note -3/32 4.636
NYSE Adv 1899 Dec 721 Vol 112 mln
Nasdaq Adv 2346 Dec 1522 Vol 1.5 bln

Industry Watch
Strong: Communication Services, Financials, Industrials, Consumer Staples, Materials, Energy, Real Estate
Weak: Information Technology, Consumer Discretionary

Moving the Market

— Digesting latest batch of earnings news
— Reacting to economic data
— Jump in Treasury yields

Many of the S&P 500 sectors are trading higher except the information technology (-0.5%), consumer staples (-0.2%), and real estate (-0.1%) sectors. The communication services (+0.7%) and financials (+0.6%) sectors trade at the top of the leaderboard.

Ongoing weakness in the mega cap and chipmaker spaces has contributed to the mixed feeling at the index level. The Vanguard Mega Cap Growth ETF (MGK) is down 0.2% and the PHLX Semiconductor Index is down 1.2%.