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MTD Closing Auction as % of Consolidated Volume By Sector

Daily U.S. Market Update

Michael Reinking, Directly From The NYSE Trading Floor

Markets are off to a bit of a sluggish start ahead of what should be a busy week. As we head to print the S&P is down 7pts to 4,121 (-0.2%), the Dow is down 115pts to 33,685 (-0.3%) while the Russell 2k is down 11pts to 2,233 (-0.5%). Last week was capped off with a sharp rally into the close and today’s “losses” are reversing a small portion of that. Both the S&P 500 and the Dow Jones ended the week up over 2% and are now up ~10% YTD. We have entered into the slow grind higher phase of the market rally with the S&P 500 up in 6 of the previous 7 sessions with the only interruption a 0.1% pullback along the way.

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