Afternoon Note
It has been a quiet session. It could get slower, as market participants rubberneck the testimony of Federal Reserve Chairman Powell and Treasury Secretary speaking before the House Financial Committee.
The Dow is anchored today by another swoon in Boeing (BA), which lost another plane order. Still, all the eleven sectors of the S&P 500 are higher led by Real Estate and Technology, the latter paced by that strong earnings release from Micron (MU).
I suspect the street wants to hear things are better, but that there will be more stimulus to come.
S&P 500 Index |
+0.92% |
Communication Services XLC |
+0.60% |
Consumer Discretionary XLY |
+0.79% |
Consumer Staples XLP |
+0.41% |
Energy XLE |
+0.46% |
Financials XLF |
+1.14% |
Health Care XLV |
+0.62% |
Industrials XLI |
+0.29% |
Materials XLB |
+0.77% |
Real Estate XLRE |
+1.57% |
Technology XLK |
+1.38% |
Utilities XLU |
+0.12% |
Market breadth is also overwhelmingly positive:
NYSE
NASDAQ
Tweet |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
6/25/2025 1:42 PM | Tech Stocks Power Nasdaq 100 |
6/25/2025 9:47 AM | CLIMBING MOUNTAINS OF WORRY |
6/24/2025 1:47 PM | Peace Rally |
6/24/2025 9:48 AM | PEACE THROUGH STRENGTH: THE MARKET LOVES IT |
6/23/2025 1:47 PM | Getting Some Resolve |
6/23/2025 9:51 AM | BRACING |
6/20/2025 1:29 PM | Second Triple Witching |
6/20/2025 9:38 AM | POWELL BLEW IT |
6/18/2025 12:41 PM | FED Day |
6/18/2025 9:45 AM | ROOM WITH A VIEW |
6/17/2025 1:26 PM | Tension Continues |
6/17/2025 9:50 AM | THE BIG TECH TEN & CO |
6/16/2025 1:34 PM | Fears Subside |
6/16/2025 9:44 AM | DRUMBEATS OF PEACE |
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