11:00 ET Dow +79, Nasdaq +15, S&P +6.31: [BRIEFING.COM] The current standing of the major indices may not suggest much of a rally is underway today, but that is a bit misleading... Over the past 45 minutes or so, a rally effort has definitely taken place as the Dow, Nasdaq, and S&P, at their session highs a short time ago, were off their lows by 193, 47, and 21 points respectively... Technology stocks have spearheaded the recovery try, but the buying interest has been fairly broad-based as the marked improvement since the start of trading in the A/D line at the NYSE and Nasdaq attests... Bank and brokerages are mostly mixed, but are on the mend from early losses, and have played an influential part, along with the drug and airline shares, in facilitating the blue chip rebound... NYSE Adv/Dec 1529/1143... Nasdaq Adv/Dec 1467/1507.
10:30 ET Dow +34, Nasdaq +2, S&P +1.14: [BRIEFING.COM] Admittedly, it has been hard to get a good fell for the market today, because the trading action has been very choppy in the early-going... At the moment, buyers have the upper hand as the Dow is roughly 140 points off its session lows, helped by a recent buy program, and short covering, that have also helped the broader market rebound by a considerable amount... Big-cap tech stocks have paced the recovery as the Nasdaq 100 is up 0.5% now after being down more than 2% just a short time ago... Within the tech sector, traders taking some solace in the outperformance of the chip and chip equipment issues... SOX +3.2%... NYSE Adv/Dec 1182/1332... Nasdaq Adv/Dec 1210/1581. |
