In the session just closed:
DOW + 0.06%
S&P - 0.22%
Nas - 0.52%.
For the DOW, the advance/decline ratio was about 50%, with Travellers (insurer) and United Health being just two stand outs by adding about 118 points to the DOW, whereas the 4 biggest decliners (Amazon, Apple, IBM and Microsoft) subtracted 42 points from the DOW.
Had those 6 companies traded fairly neutral, the DOW would have closed down about 76 points.
It’s a quirky, flighty index for sure.
Company quarterly reporting builds steam all next week. Tuesday to Thursday there are quite a few economic indicator reports due out, and the Friday biggies are the PCE inflation reports.
Imo, expect volatility to continue as company profits and forward guidance act ying & yang with inflation/interest rates/timing concerns.
Dex
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- Thursday 18th April 2024
In the session just closed:DOW + 0.06%S&P - 0.22%Nas - 0.52%.For...
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