Stocks were mixed today after the Consumer Price Index showed inflation remained hot. Now that earnings season has started, we will be listening to what companies are saying about their costs and price pass-throughs.
By noon, only the Dow Jones is in red. Nasdaq is leading, up 0.39%, and S&P is up 0.09%, both notched another intraday record.
Technology is the best performing sector as heavy hitters are trading at all-time highs. Apple (AAPL) and Microsoft (MSFT) each gained more than 1%.
S&P 500 Index | +0.10% | |
Communication Services XLC | +0.41% | |
Consumer Discretionary XLY | -0.10% | |
Consumer Staples XLP | +0.44% | |
Energy XLE | -0.53% | |
Financials XLF | -1.19% | |
Health Care XLV | +0.01% | |
Industrials XLI | -0.59% | |
Materials XLB | -0.77% | |
Real Estate XLRE | -0.54% | |
Technology XLK | +1.06% | |
Utilities XLU | +0.75% |
Volume is weak this afternoon with advancers unable to outrun decliners.
Market Breadth | NYSE | NASDAQ |
Advancing | 1,043 | 1,330 |
Declining | 2,154 | 2,805 |
52 Week High | 111 | 115 |
52 Week Low | 12 | 46 |
Up Volume | 591.15M | 1.53B |
Down Volume | 1.29B | 1.03B |
We are watching for revenue guidance and CEO expectations on rates and inflation. Stay tuned.
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