Market continues to rebound
The Market:
Stocks continue to chug along after last week’s impressive reversal on Wednesday. Today was another turn around session which saw the S&P 500 gap down roughly 12 points before firming up in very early trading and then rallying the rest of the session to finish up over 9 points. Above 2080 in the S&P 500 and it looks like the good times can continue.
HealthCare (XLV) was the leader in individual sectors finishing up 1.01% followed closely by Consumer Discretionary (XLY) which closed up 0.96%. Today’s underperformer was Consumer Staples (XLP) which finished flat on the session hurt by large component Walmart (WMT) which finish down -0.65% and is scheduled to report earnings tomorrow before the open.
A first look at this week’s Economic Calendar is below.
Reported EPS 8/17/15 After the Close:
Reporting EPS 8/18/15 Pre-Market: