- The Nasdaq (COMP) +1.5% is recovering more of yesterday's losses, with the biggest-valued stocks rebounding as yields edge down.
- The Big 6 megacaps are all higher, with Facebook the best gainer and Tesla going from first to worst.
- The S&P (SP500) +0.5% is also benefiting from tech strength, but gains are tempered by weakness in cyclicals.
- The Dow (DJI) -0.6% is moving the other way after gains in the four of the last five sessions. Salesforce remains the outsize drag on the price-weighted index after weak full-year guidance.
- Treasury yields are taking a pause after a breakneck weak. The 10-year has been hovering around 1.5%. It's currently off 4 basis points to 1.47%.
- The three megacap sectors, Consumer Discretionary (NYSEARCA:XLY), Info Tech (NYSEARCA:XLK) and Communications Services (NYSEARCA:XLC), are the only ones in the S&P in the green. Cyclical stalwarts Energy (NYSEARCA:XLE) and Financials (NYSEARCA:XLF) are at the bottom.
- In retail investing, GameStop has turned negative, now off about 20%.
- But SPAC Churchill Capital is still up following a tweet endorsement from Barstool's Dave Portnoy.
