The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) snapped their eight-day win streak after closing Tuesday's session in negative territory. Stocks moved lower...
) ticked higher ahead of the Jackson Hole Economic Symposium, where Federal Reserve Chair Jerome Powell will speak on the direction of interest rates on Friday.There is the closing bell on Wall Street and now it is market domination over time.Let's start with where the major averages ended the day.
So all of those down by the incidentally small caps down more today, we've been watching the broadening of the rally here where the Russell 2000 has kind of kept pace with the larger cap indices. But if you take a look at an 11 over the past 11 days when we really saw that market sell off earlier in the month, we'll see that tech is clearly the out performer here.Another thing that's also outperformed is consumer discretionary.
Of course, those comps are really high expectations are certainly elevated there, but it hasn't just been Invidia leading this rally.Since that market route that we saw earlier this month, all of those mag seven names will see if NVIDIA can really continue that momentum through the rest of the summer and into the fall.U.S.
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