iBankCoin
Joined Nov 11, 2007
31,929 Blog Posts

Market Update

U.S. equities managed to follow the lead of overseas markets and go green after a volatile week of downside action.

The DOW remains in negative territory, but not by much as $IBM weighs on the index. The NASDAQ and S&P show the bounce back with upside by as much as 1%.

Volume is low, gold and oil are rebounding along with equities.

Currently leading the market higher are conglomerates, consumer cyclicals, healthcare, transportation, and capital goods. Financials are doing alright while technology remains weak.

Leading the downside are the miners and ag stocks.

Europe managed to close higher than earlier unchanged trade action.

Market update

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