A decent enough rebound from session lows has the indices just modestly lower and indeed moving higher into the close. SOX is positive, NASDAQ could get there as again those are the leading indices.
SP500 -6.36, -0.30%
NASDAQ -2.48, -0.05%
DJ30 -71.80, -0.40%
SP400 -0.40%
RUTX -0.18%
SOX 0.03%
Not a ton of news.
Michigan Sentiment held at 89.8, not rising as expected. Current conditions fell sharply.
Household wealth hits a record $89T, but there is a but. 50% of US households own just 1% of the wealth, down from 3% in 1989. And sadly, the poor are even more in debt.
We picked up some EXAS. JWN is backing off from the Thursday move, and since it is Friday we are going to wait and see what it does Monday.
AMZN is showing strength; looking at closing it, likely CX as well.
Jon Johnson, Chief Market Strategist
InvestmentHouse.com
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