The S&P 500 touched an eight-day high as earlier gains reversed. The index is up 0.2% after earlier falling to 6808. Last was at 6844.
Tech remains a drag with the Nasdaq down 0.3% while the Dow Jones Industrial Average touched a record high. The US bond market is closed today but futures how yields would be down 3-4 bps, which is probably a result of the soft weekly ADP employment report. More weak jobs news could nudge the Fed closer to cutting rates again in December.
Notable gainers:
- FDX +5.3%
- DVN +4.7%
- MRNA +4.4%
- NKE +4.4%
Energy in general is strong today
Notable drags:
- ENPH -5.5%
- HPE -4.0%
- MU -3.9%
- VST -3.6%
- NVDA -2.8%
- ORCL -2.6%
Chipmakers are struggling in part due to SoftBank’s complete exit from its NVDA stake.
This article was written by Adam Button at investinglive.com.
