The stock market is giving me whiplash.<\/p>\n
The Nasdaq Composite has already cut its sharp 1% decline in half. The S&P 500 is only down 0.1%. The Dow is up 40 points, or 0.1%.<\/p>\n
Some traders opted to sell highflying tech stocks like Palantir and Nvidia shortly after the open. The move looks like an attempt to take profits ahead of a potentially risky stretch of earnings reports beginning with Tesla and Alphabet after tomorrow\u2019s close. At least some on Wall Street saw that as a chance to buy the dip.<\/p>\n
Roughly 384 stocks in the S&P 500 are rising\u2014meaning the index is falling despite strong breadth. If every stock in the index weighed the same, it would be up about 0.8% based on the gain in the Invesco S&P 500 Equal Weight ETF.<\/p>\n
The S&P\u2019s biggest losers, though, weren\u2019t tech, but stocks that reported results this morning like General Motors, Philip Morris International, and Lockheed Martin.<\/p>\n
At the sector level, however, tech was lagging the pack with a 0.9% drop. S&P 500 materials stocks were down 0.1%. The other nine major sectors were on the rise, led by healthcare\u2019s 1.4% gain. Real estate and utilities were up 0.9% and 0.6%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"The stock market is giving me whiplash. The Nasdaq Composite has already cut its sharp 1% decline in…\n","protected":false},"author":2,"featured_media":13882,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":{"0":"post-13881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-markets"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/13881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=13881"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/13881\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/13882"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=13881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=13881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=13881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}