Quick Recap of Monday’s Session:
Stocks finished mixed on Monday following a disappointing session for the bulls. Major indices started the day in positive territory and traded significantly higher early on following a better-than-expected ISM Manufacturing report, which signaled expansion. However, stocks would only rally for 45 minutes before sellers hit. Sell programs in early and late afternoon slammed major indices down off of their intraday highs and drove the Nasdaq into negative territory by the close. The S&P 500 narrowly managed a positive finish after ending 15 of the past 16 Mondays in negative territory. It was a very disappointing session for the bulls, who gave back significant gains with little to no resistance on the way back down. Also absent from today’s session was a distinct driver of the selling (other than “it’s Monday,” which has become pretty much synonymous with “intraday selling”).
S&P 500 +0.26%, NASDAQ -0.09%, DJIA +0.58%, Midcaps -0.49%.
Looking Ahead to Tuesday:
S&P 500 - Intraday
Remember, you are in control your email alerts! You can receive alerts for up to 25 free research report alerts.
S&P 500 - Last 12 Months