Market sectors are also showing some broader accumulation
Market sectors are also showing some broader accumulation
A late-week rally was not enough to pull the DJIA and S&P 500 from the negative column as crude oil and Treasury yields remain at elevated levels. Instead, investors bid up mega-cap technology stocks, pushing the NASDAQ 100 (NDX) to fresh highs to end the week.
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 | 27599.79 | 122.48 | 0.45% | 18.75% |
| DJ UTILITIES | 1047.19 | 26.41 | 2.59% | -1.95% |
| DJ TRANSPORT | 19701.76 | -89.8 | -0.45% | 13.51% |
| DJ INDUSTRIALS | 51521.28 | 253.38 | 0.49% | 7.19% |
| NYSE COMPOSITE | 23921.67 | 133.05 | 0.56% | 8.72% |
| S & P 100 INDEX | 3900.21 | 21.32 | 0.55% | 13.63% |
| RUSSELL 2000 | 2830.3 | -16.84 | -0.59% | 14.04% |
| S&P 500 | 7818.93 | 44.98 | 0.58% | 14.22% |
| CBOE MKT VOLATILITY | 15.01 | -0.51 | -3.29% | 0.4% |
| AMEX COMPOSITE | 8166.08 | -50.4 | -0.61% | 18.92% |
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