Dow Jones climbs in the midweek session as other indexes flounder.
A quiet schedule on the economic calendar for the day leaves equities adrift.
Coming up on Thursday: US PPE, Retail Sales data.
The Dow Jones Industrial Average (DJIA) found topside momentum on Wednesday, tapping into an intraday high of 39,200.00 as the index outperforms its peers in the S&P 500 and the NASDAQ Composite. The NASDAQ Composite is down close to a fourth of a percent on the day, with the S&P 500 churning close to flat.
A thin showing on the economic calendar for Wednesday leaves equities in the lurch and struggling to find firm momentum in either direction. Markets will be gearing up for Thursday’s US Producer Price Index (PPI) and Retail Sales figures. Friday will wrap up the trading week with the next round of University of Michigan Consumer Sentiment indicators.
Despite a softer overall index stance, US stocks are seeing determined gains in the midweek session, with the Energies and Materials Sectors gaining 1.9% and 1.22%, respectively. The notable weak point is the Technology Sector, which is down nearly a full percent as investors pull back from a recent dogpile into tech stocks.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
Hot
No comment on record. Start new comment.