A volatile week for technology stocks with investors rotating into cyclical and defensive sectors left the major averages mixed this week.
A volatile week for technology stocks with investors rotating into cyclical and defensive sectors left the major averages mixed this week.
It was an ugly finish to a volatile week as the major averages took a dive at the open today on surging oil prices.
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 | 25955.34 | -53.52 | -0.21% | 11.67% |
| DJ UTILITIES | 1098.09 | -7.01 | -0.63% | 2.81% |
| DJ TRANSPORT | 20041.91 | -252.52 | -1.24% | 15.47% |
| DJ INDUSTRIALS | 52215.16 | -652.82 | -1.23% | 8.64% |
| NYSE COMPOSITE | 24117.27 | -158.26 | -0.65% | 9.6% |
| S & P 100 INDEX | 3777.59 | -18.58 | -0.49% | 10.06% |
| RUSSELL 2000 | 2775.9 | -8.13 | -0.29% | 11.85% |
| S&P 500 | 7623.68 | -39.75 | -0.52% | 11.37% |
| CBOE MKT VOLATILITY | 19.45 | 0.42 | 2.21% | 30.1% |
| AMEX COMPOSITE | 8470.76 | 109.75 | 1.31% | 23.36% |
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