US equity indexes closed on a weak note, SPX -35pts (0.9%) at 3819. Nasdaq comp’ -0.9%. Dow -0.6%. The Transports settled -0.6%. R2K -0.3%.
sp’60min
Summary
closing hour action: leaning distinctly weak to break a new intraday low of 3802, as s/t momentum was increasingly negative. There was a moderate recovery in the final minutes.
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… and that concludes Wednesday. A pretty tedious day of chop until the late afternoon. Now its a case of how the market reacts to another hot CPI print.
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notable stock: DAL
Delta has earnings early Wed’. How could the outlook be anything other than lousy? The stock looks rather okay into next week.
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notable bond ETF: TLT
Bonds leaning upward… as yields cooled ahead of CPI.
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notable bank: BAC
Moderate chop… with earnings due next Monday morning.
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Warm, cloudy… and a few raindrops.
Always good to get outside. Have a good evening
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more later on the VIX and Indexes by 6pm EST