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US Stock Market Finished Lower On Light Volume

Posted by: : Paul EbelingPosted on: February 9, 2015 US Stock Market Finished Lower On Light Volume

US Stock Market Finished Lower On Light Volume


DJIA-0.5% YTD, NAS 100 -0.2% YTD, S&P 500 -0.6% YTD, Russell 2000 -0.7% YTD

Dow -95.08 at 17729.21, Nasdaq -18.39 at 4726.01, S&P-8.73 at 2046.74

Volume: trade was well below average with just 760-M/shares changing hands the NYSE.

The US  stock market the week on a cautious note.

The Greek concerns contributed to a lower US start, 9 of 10 sectors registered losses with countercyclical healthcare (-1.1%) and utilities (-0.9%) ending at the bottom of the board. The utilities sector widened its February loss to 4.6% while healthcare lagged even as biotechnology names displayed intra-day strength.

The iShares Nasdaq Biotechnology ETF (NYSEArca:IBB) 313.35, -2.24, lower by 0.7%.

The consumer staples stock sector (-0.7%) finished behind the broad market while the 6 cyclical stock groups settled in-line with or ahead of the S&P 500.

The energy stock sector ended ahead of the others with Crude Oil underpinning the relative strength. The energy component gained 2.6% and finished the pit session at 52.99 bbl.

The Baltic Dry Index fell to a new all-time low, sliding below its worst level from August 1986.

The technology stock sector (-0.2%) settled near its flat line.

The largest sector by weight enjoyed support from a components like Apple (NASDAQ:AAPL) 119.70, +0.77, Oracle (NASDAQ:ORCL) 43.40, +0.42, and Qualcomm (NASDAQ:QCOM) 67.11, +0.76, chipmakers struggled, evidenced by a 1.1% decline in the PHLX Semiconductor Index.

US Treasuries finished up a bit after a daylong slide from overnight highs. The 10-yr yield slipped 1 bpt to 1.95%.

Tuesday, the Wholesale Inventories report for December (consensus 0.2%) and December Job Openings and Labor Turnover Survey will be reported at 10:00a EST.

Stay tuned…


Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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