Reply #97: just before the close [View All]

[UpInArms]

Dow 10,415.05 -48.00 (-0.46%)
Nasdaq 2,129.71 -7.94 (-0.37%)
S&P 500 1,208.34 -3.94 (-0.33%)
10-Yr Bond 4.090 -0.83 (-1.99%)

NYSE Volume 1,801,609,000
Nasdaq Volume 1,406,927,000

3:00PM: Buyers have backed off earlier efforts in the wake of the FOMC Minutes and the indices have moved back to their worst levels of the day... By and large, there just haven't been any convincing bullish catalysts in the headlines to sustain Monday's advance... Oil prices are back near $70, sector leadership is lacking, and the FOMC Minutes didn't do anything to alter the understanding that the Fed is going to keep raising rates...

As sizable as today's losses are, keep in mind that, when yesterday's gains are included, the Dow, Nasdaq and S&P are still close to flat for the week in the face of crude prices that have risen nearly 6.0%... NYSE Adv/Dec 1180/2029, Nasdaq Adv/Dec 1072/1894

Isn't it wonderful how resilient the markets have become? :crazy: