Quieting Down
S&Ps are trading at 1144.70, with support on the downside at 1142.50-1140.50. Earlier the market put in a new session high at 1150 on some “panic buying,” but has since retreated as the trade quieted down.
Weakness in the semiconductors, meanwhile, continues to lead the Nasdaq, which is now trading at 1611. Keep your eye on the
(
$SOX.X |
Quote |
Chart |
News |
PowerRating) for the rest of the day, particularly with Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) earnings coming out today.
Nasdaq futures has retraced its entire spike rally after putting in a high eariler at 1639.