August 17, 2018

Nasdaq & Russell lead indices lower

Index & Sector performance 4/25/14 The Market: All the major indices were down in Friday’s action with the Nasdaq 100 (QQQ) and Russell 2000 (IWM) leading the way lower.  In individual sectors the Transportation index (IYT) and Consumer Discretionary (XLY) were  the biggest losers. The transports are an interesting case as they were one of the sectors making new highs recently but after an outside day yesterday the index followed through strongly to the downside today.  Leading the index lower was JetBlue (JBLU) closing down 5.38%.  After missing EPS yesterday, Reuters announced today that the Flight attendants will be looking…