Charles Payne's Market Commentary

Afternoon Note

Flying High

By Charles Payne, CEO & Principal Analyst
1/9/2020 1:44 PM

The markets started the day higher and they haven’t look back. All three major indices hit intraday highs, however, there has been some profit taking since then. At midday only the Energy sector is in the red. Technology is leading the way higher, with financials close behind.

Apple (AAPL) has been rocketing higher, today on a report from Reuters that China iPhone sales increased 18% year over year.

Boeing (BA) is also flying high today on the sad news that the 737-800 plane that crashed was due to an Iranian missile and not equipment malfunction.

S&P 500 Index	+0.50%
Communication Services (XLC)	+0.29%
Consumer Discretionary (XLY)	+0.51%
Consumer Staples (XLP)	+0.51%
Energy (XLE)		-0.03%
Financials (XLF)	+0.65%
Health Care (XLV)	+0.41%
Industrials (XLI)	+0.32%
Materials (XLB)	+0.26%
Real Estate (XLRE)	+0.05%
Technology (XLK)	+0.75%
Utilities (XLU)	+0.54%

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