Morning Market
Dow 52723.61 +418.37 (0.80%)
Nasdaq 26080.63 +19.60 (0.08%)
SP 500 7514.45 +31.22 (0.42%)
10-yr Note
NYSE Adv 1732 Dec 797 Vol 160.97 mln
Nasdaq Adv 2663 Dec 1257 Vol 3.02 bln
Industry Watch
Strong: Health Care, Information Technology, Energy, Materials, Consumer Staples, Utilities
Weak: Consumer Discretionary, Communication Services
Moving the Market
–Broad-based opening gains pushes major averages higher, DJIA notches another all-time high
–June Employment Situation Report shows softer payrolls and pressure on real earnings- should temper concerns about an imminent rate hike
Semiconductors reverse lower
The PHLX Semiconductor Index is now down 1.8%, which pushes the information technology sector (+0.2%) back towards its flatline.