Hello Everyone,
The market had a slight gap up in the morning only to be lost within the first 30 min and then mostly chopped around the rest of the day. For the daily the S&P 500 lost -0.16%, the Nasdaq -0.6%, and IWM -0.75%. The weakness continues to be concentrated in big cap tech: ORCL, AVGO, MSFT, AMZN, and of course AI names and crypto.
HUGE news day tomorrow morning with nonfarm Jobs report, retail sales, industrial production, S&P Global MFG and Services PMI
Matt