| 14:00 ET Dow +58, Nasdaq +34, S&P +6.39: [BRIEFING.COM] After a steady run to new session highs, the market hit an air pocket in the past half hour that has knocked the indices back from their best levels... Although sentiment has improved dramatically in the past six weeks, intermittent selling efforts are to be expected since there is still a fair share of market participants that continue to believe the market's recent upturn isn't sustainable... Strikingly, today's laggards would suggest there is a growing belief that the rally is for real as the most notable weakness is found in those areas considered to be defensive in nature (i.e. food, beverage, telephone, health care, insurance, and household products)... DJTA +1.0%... SOX +1.3%... Nasdaq 100 +1.5%... NYSE Adv/Dec 1917/1110... Nasdaq Adv/Dec 2363/1348. |
