Afternoon Note
Major indices are moving higher, as investors close out an earnings packed week.
The only two sectors in the red are Real Estate (XLRE) and Utilities (XLU). Meanwhile, Health Care (XLV) is the leading sector after it received good medicine in the form of a favorable earnings reaction to Gilead Sciences (GILD). Technology (XLK) is the runner-up, as Apple (AAPL) continues to give the sector a boost.
The Materials (XLB) sector is also getting a boost from a rise in metal commodities, with Lithium and Copper prices recovering and giving a boost to Albemarle (ALB) and Freeport-McMoRan (FCX), respectively.
The Fear & Greed Index is rebounding into Greed territory after falling to Neutral yesterday.
The Ten Year Treasury Yield (TNX) is up 4.3 basis points, continuing to rise after the lackluster 10-year auction on Wednesday.
Have a great weekend.
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