Afternoon Note
It has been a down day for the markets led by Amazon (AMZN), down $247 or 6.8%, after its disappointing earnings. It is dragging down Consumer Discretionary, which is down 1.53%. The Nasdaq is performing the worst, down 0.6%, followed by the S&500 -0.4% and the Dow -0.3%.
Four of the eleven S&P 500 sectors are in the green. Safe havens are leading the way, as are Materials after the Senate voted 66 in favor versus 28 against on a procedural vote to move forward the bipartisan infrastructure bill.
Energy is the worst performing sector, despite oil being up on the day and the week. WTI is currently trading at $73.95, up .45%.
S&P 500 Index |
-0.40% |
|
Communication Services XLC |
-0.06% |
|
Consumer Discretionary XLY |
-1.53% |
|
Consumer Staples XLP |
+0.31% |
|
Energy XLE |
-1.88% |
|
Financials XLF |
-0.67% |
|
Health Care XLV |
+0.34% |
|
Industrials XLI |
-0.29% |
|
Materials XLB |
+0.30% |
|
Real Estate XLRE |
+0.71% |
|
Technology XLK |
-0.19% |
|
Utilities XLU |
-0.09% |
Breadth is decidedly negative today, with down volume outpacing the up. The silver lining is that there are significantly more new 52-week highs.
Market Breadth |
NYSE |
NASDAQ |
Advancing |
1,318 |
1,691 |
Declining |
1,883 |
2,464 |
52 Week High |
154 |
110 |
52 Week Low |
23 |
65 |
Up Volume |
607.22M |
985.41M |
Down Volume |
1.34B |
1.04B |
Have a great weekend.
Comments |
Steady...... we must be steady! Lorin K on 7/30/2021 7:57:07 PM |
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