Morning Market
Dow 51041.69 +255.68 (0.50%)
Nasdaq 25919.89 -30.76 (-0.12%)
SP 500 7420.22 +14.49 (0.20%)
10-yr Note
NYSE Adv 1872 Dec 650 Vol 167.70 mln
Nasdaq Adv 2846 Dec 1074 Vol 4.38 bln
Industry Watch
Strong: Consumer Discretionary, Industrials, Materials, Communication Services, Real Estate, Financials
Weak: Energy, Information Technology
Moving the Market
–Solid gains in the broader market after yesterday’s narrow leadership
–Tech names reverse from early gain, pressuring major averages after solid opening gains
The sector’s three largest components, NVIDIA (NVDA 207.35, -1.29, -0.62%), Apple (AAPL 292.84, -8.70, -2.88%), and Microsoft (MSFT 409.47, -2.27, -0.55%), now all trade lower.
The IGV is down while the PHLX Semiconductor Index (+0.2%) has given up nearly all of its early gain.