It’s a good steady session for the market with nice rebound across the board as reopening stocks grab the most aggressive action.
Six of the 11 S&P 500 are in the green today. Mega-cap growth names are flat to a might down and weighing in the overall market. Apple (AAPL), Microsoft (MSFT) are among them.
S&P 500 Index | +0.16% | |
Communication Services XLC | +0.30% | |
Consumer Discretionary XLY | +0.74% | |
Consumer Staples XLP | -0.69% | |
Energy XLE | +1.49% | |
Financials XLF | +0.58% | |
Health Care XLV | -0.32% | |
Industrials XLI | +0.56% | |
Materials XLB | +0.64% | |
Real Estate XLRE | -0.76% | |
Technology XLK | -0.10% | |
Utilities XLU | -0.54% |
I'm a little concerned with new home sales, which decreased more than 27% over the past year.
The thing is, we cannot blame supply this time as it has climbed strongly of late. I think a big problem is pricing.
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