The major indices continue to trade in the red, however off the lows of the morning, as once again, buyers stepped in.  The Nasdaq is underperforming today as some Technology is a drag, especially the mega cap tech names.  Twitter (TWTR) banning President Trump has caused selling/profit taking in the stock, which is down over 4%, but again way off the lows.  Currently, there are protesters at Twitter’s headquarters in San Francisco. 

It’s a different story for semiconductors, however.  News that Nvidia (NVDA) is teaming up with NIO (NIO), the Chinese Electric Vehicle (EV) company, has sent NVDA shares up 5% and NIO up almost 10%, as investors continue to buy up EV.

Energy is the best performer today.  Exxon Mobil (XOM) is helping to lift the sector after being upgraded by Morgan Stanley to Overweight from Equal Weight. Healthcare is also having a nice showing on upbeat guidance from several companies participating at the JPMorgan Health Care Conference.

Real Estate and Utilities, which are sensitive to interest rates, are down 1.5% and 1.3%, respectively, as the 10-year Treasury yield continues to rise and is now at 1.13%.

Advancers are outpacing decliners on the NYSE, and almost even on the Nasdaq.  Up volume and 52-week new highs tell a very different story, as both are up.  On the Nasdaq, up volume outpaces down by 2.5 times.