Oct 3, 2016
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It was another slow, low volume, lackluster trading session
...for major averages, where the tech heavy Nasdaq Composite and Small Caps (Russell 2000) outperformed (Dow Transports new all-time high today); though the Dow Industrials lagged given weakness in UTX, XOM, T and VZ (the S&P was up slightly).
This might be the pattern for the rest of the week heading into Thanksgiving Holiday Thursday (markets close 1:00 PM Friday), though there are several data points tomorrow in the U.S., and OPEC meeting Thursday. U.S. equity markets opened at fresh highs after another round of M&A reports, better confidence data out of Germany, and general upbeat sentiment on U.S. markets, now rallying more than 12% from its October 15 lows.
HammerstoneReport Closing ReCap 11/24/14