An opening spurt in the major averages was followed by sideways trading today as investors were on hold ahead of this week's FOMC meeting.
An opening spurt in the major averages was followed by sideways trading today as investors were on hold ahead of this week's FOMC meeting.
A volatile week for technology stocks with investors rotating into cyclical and defensive sectors left the major averages mixed this 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 | 26169.38 | 214.04 | 0.82% | 12.6% |
| DJ UTILITIES | 1096.91 | -1.18 | -0.11% | 2.7% |
| DJ TRANSPORT | 20204.82 | 162.91 | 0.81% | 16.41% |
| DJ INDUSTRIALS | 52361.58 | 146.42 | 0.28% | 8.94% |
| NYSE COMPOSITE | 24186.86 | 69.59 | 0.29% | 9.92% |
| S & P 100 INDEX | 3804.28 | 26.69 | 0.71% | 10.84% |
| RUSSELL 2000 | 2786.42 | 10.52 | 0.38% | 12.27% |
| S&P 500 | 7676.77 | 53.09 | 0.7% | 12.14% |
| CBOE MKT VOLATILITY | 18.39 | -1.06 | -5.45% | 23.01% |
| AMEX COMPOSITE | 8450.96 | -19.8 | -0.23% | 23.07% |
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