Reply To: Traders Market Weekly: Fear and Greed in Las Vegas.


Dow 38390.07 +150.09 (0.39%)
Nasdaq 15658.97 +207.66 (1.34%)
SP 500 5058.98 +48.38 (0.97%)
10-yr Note
NYSE Adv 2233 Dec 405 Vol 122 mln
Nasdaq Adv 2821 Dec 803 Vol 1.45 bln

Industry Watch
Strong: communication services, information technology, industrials, health care, utilities
Weak: materials, energy

Moving the Market
–Better-than-expected earnings results with the industrials sector in focus
–Pullback in oil prices weighs on energy sector, but helps broader sentiment
–Relative strength of mega-cap stocks

General Motors (GM 45.10, +1.89, +4.3%), GE Aerospace (GE 157.73, +7.54, +5.0%), Kimberly-Clark (KMB 135.63, +6.70, +5.2%), and Danaher (DHR 252.32, +16.24, +6.9%) are among the earnings-reporting standouts.

They have helped set a positive course for the major indices, but it is the mega-cap stocks that have set the pace.

The Vanguard Mega-Cap Growth ETF (MGK) is up 1.2%. Strength in the mega-cap names has underpinned a 0.9% gain in the market-cap weighted S&P 500, but the equal-weighted S&P 500, up 0.8%, is doing fine in its own right.

Every S&P 500 sector is higher with the exception of materials (-0.9%) and energy (-0.2%). Top performers in the early going include communication services (+1.2%), industrials (+1.1%), information technology (+1.1%), utilities (+0.9%), and health care (+0.9%).