The markets are retreating today after reports of a second case of the coronavirus in the U.S. Concerns that the virus could impact consumer discretionary spending, as well as travel, is weighing on stocks. Some believe that the market was simply tired and ready for a pullback. Let’s see if buyers emerge into the close as they typically do.
One stock that continues to buck the trend and has received two more upgrades today is Apple (AAPL).
The only S&P 500 sector in the green today is the safe haven Utilities. Healthcare and Energy are the worst performing sectors. WTI crude is down 2.5% today.
S&P 500 Index |
-0.83% |
|
Communication Services (XLC) |
-1.08% |
|
Consumer Discretionary (XLY) |
-1.32% |
|
Consumer Staples (XLP) |
0.69% |
|
Energy (XLE) |
-1.47% |
|
Financials (XLF) |
-1.27% |
|
Health Care (XLV) |
|
-1.53% |
Industrials (XLI) |
-0.67% |
|
Materials (XLB) |
-0.78% |
|
Real Estate (XLRE) |
|
-0.12% |
Technology (XLK) |
|
0.00% |
Utilities (XLU) |
+0.15% |
Decliners are definitely outpacing advancers on both the NYSE and Nasdaq, yet there are more new 52-week highs are being made than lows.
Issues: |
NYSE |
NASDAQ |
Advancing |
808 |
820 |
Declining |
2,083 |
2,302 |
Total |
2,961 |
3,203 |
52 Week High |
220 |
188 |
52 Week Low |
56 |
42 |
Tweet |
3/27/2024 1:40 PM | Mostly Higher |
3/27/2024 9:32 AM | U-TURN? |
3/26/2024 1:08 PM | Everything Is Up |
3/26/2024 9:42 AM | TAPPED OUT (I HOPE YOU AT LEAST GOT A T-SHIRT) |
3/25/2024 1:33 PM | Not A Mutiny |
3/25/2024 9:35 AM | STAYING THE COURSE…BEYOND TECH |
3/22/2024 12:56 PM | Toll on Americans |
3/22/2024 9:38 AM | A TAD TIRED |
3/21/2024 1:55 PM | Building on Gains |
3/21/2024 9:30 AM | A COMFORTING FED |
3/20/2024 1:33 PM | Pivotal Moment |
3/20/2024 10:00 AM | HERE COMES THE FED |
3/19/2024 1:33 PM | Picking Up Steam |
3/19/2024 9:35 AM | RUMBLINGS IN THE BOND MARKET |
3/18/2024 1:48 PM | Mag 7 is Back |
3/18/2024 9:39 AM | THE PARTY IN SAN JOSE WILL BE LIT |
3/15/2024 1:38 PM | Realtors Settle |
3/15/2024 9:33 AM | AN UNEASY PAUSE |
3/14/2024 1:43 PM | Sticky Inflation |
3/14/2024 9:48 AM | GOING TO A GO-GO |
3/13/2024 2:16 PM | Taking a Breather |
3/13/2024 9:51 AM | ALL SO EPIC |
3/12/2024 1:42 PM | Marching Higher |
3/12/2024 9:25 AM | ROTATION IN FULL SWING |
3/11/2024 1:41 PM | Sharpening Pencils |
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