Investors scooped up semiconductors and AI-related stocks today after the prior week's 'tech wreck', but the broader market finished mixed.
Investors scooped up semiconductors and AI-related stocks today after the prior week's 'tech wreck', but the broader market finished mixed.
A busy week of big bank earnings and inflation reports left the major averages mostly lower, but the Dow Jones was able to post a small gain.
The technical condition of the market remains mixed as the period came to a close. Despite record highs from the NASDAQ and NDX 100, underlying breadth remains extremely weak. Fresh record highs in the tech heavy indexes were accompanied by more new 52-lows than new highs, a divergence that has occurred only twice before in market history...
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| Index | Close | Day Change | Day % Change | YTD % Change |
|---|---|---|---|---|
| NASDAQ COMPOSITE | 26430.89 | 290.86 | 1.11% | 13.72% |
| DJ UTILITIES | 1063.28 | -18.7 | -1.73% | -0.45% |
| DJ TRANSPORT | 19701.19 | -178.64 | -0.9% | 13.5% |
| DJ INDUSTRIALS | 51966.03 | -36.38 | -0.07% | 8.12% |
| NYSE COMPOSITE | 23967.07 | -121.56 | -0.5% | 8.92% |
| S & P 100 INDEX | 3830.95 | 23.33 | 0.61% | 11.61% |
| RUSSELL 2000 | 2728.3 | 6.93 | 0.25% | 9.93% |
| S&P 500 | 7690.73 | 31.29 | 0.41% | 12.35% |
| CBOE MKT VOLATILITY | 18.44 | -1.55 | -7.75% | 23.34% |
| AMEX COMPOSITE | 8581.06 | 42.56 | 0.5% | 24.96% |
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