Afternoon Note
The market had a decent start as yields moved lower, but later, stocks hit an air pocket a turned noticeable turn lower. The major indices are stabilizing as investors await the key inflation report tomorrow.
The CPI for March, according to economists, is expected to edge higher to 3.4% from 3.2% in February. This is the trend the Fed is fighting.
Only six sectors are higher this afternoon, led by Real Estate.
There are more advancers than decliners, and more new highs than lows, on the NYSE and Nasdaq.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,528 |
2,251 |
Decliners |
1,246 |
1,841 |
New Highs |
93 |
85 |
New Lows |
8 |
64 |
Up Volume |
1.03 billion |
1.92 billion |
Down Volume |
646.8 million |
1.03 billion |
Tweet |
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