Reply To: Traders Market Weekly: Consumers Along for The Ride

#74324
Truman
Participant

Morning Market:

Dow 39519.13 +131.37 (0.33%)
Nasdaq 16329.47 -16.80 (-0.10%)
SP 500 5219.58 +5.50 (0.11%)
10-yr Note -25/32 4.500
NYSE Adv 1369 Dec 1217 Vol 92 mln
Nasdaq Adv 1927 Dec 1942 Vol 830 mln

Industry Watch
Strong: Information Technology, Financials, Industrials, Materials, Health Care
Weak: Communication Services, Consumer Discretionary

Moving the Market
— Carryover momentum from recent gains
— S&P 500 testing all-time highs
— Rollover in some mega cap gains boosting index performance
— Gains in chipmakers also boosting index performance after TSMC (TSM) reported a jump in April revs.

Downside moves coincided with some mega cap stocks turning lower, weighing on index performance. The Vanguard Mega Cap Growth ETF (MGK) is 0.1% lower now after trading up as much as 0.6% earlier.