March 19, 2024

Tech leads quiet up session

Index & Sector performance 9/10/14

The Market:

Administrative note: we will be traveling the remainder of the week so there will be no updates after tonight.

A nice bounce back in the markets after yesterday’s late day sell off.  The leader in the broad indices was the NASDAQ (QQQ) keying, again, off Apple (AAPL) which finished the session up 3.07%.

After being a relative outperformer yesterday in a bad tape, HeathCare (XLV) was the leader on the WSC Scoreboard today finishing the session up 0.70%.  Utilities (XLU), yesterday’s biggest loser, saw more downside follow-through finishing the session 0.44% lower.  Also finishing lower was Energy (XLE) which has struggled of late and particularly the past 2 weeks.

In economic data, the 10 year auction priced at 2.535% which is the highest close since July.  While the data will start picking up Thursday & Friday, do not be surprised if traders are already looking past this week to next when we have the Fed Funds rate decision.

 

Economic Calendar week of 9/8/14

 

Reporting EPS 9/11 – 9/12/14 Pre-Market:

Companies reporting EPS 9/11 & 9/12/14


Analyst Comments:

Upgrades 9/10/14

Downgrades 9/10/14

Initiations 9/10/14

Price Target Changes 9/10/14

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