Wall Street kicked off the new week on a flat note after the worst weekly slump for tech stocks since April, as investors remained cautious ahead of a flood of economic data following the end of the government shutdown and NVIDIA Corp. (NASD
Following Thursday’s modest recovery in market breadth metrics, Friday’s session saw another weakening across most indicators. Although not as extreme as the midweek slump, the data reveals waning momentum and a fragile recovery.
Investors stepped back into beaten-down tech names Friday, with the Nasdaq 100 rising 0.6% by midday in New York, staging a modest rebound after Thursday's sharp selloff.
Market breadth deteriorated significantly on Thursday, November 13. Advancing issues collapsed while decliners surged, undoing most of the prior day’s gains. This sharp reversal raises concerns about the sustainability of recent strength and places the current breadth trend firmly back in negative territory.
Risk sentiment deteriorated sharply on Thursday despite federal agencies reopening after the longest government shutdown in U.S. history, as investors aggressively repriced Fed rate-cut expectations following a wave of hawkish remarks from central bank officials.
Following two days of strong market breadth, Wednesday’s numbers show a return to more cautious internals. While not overtly bearish, key metrics weakened slightly and suggest the recent rally may be stalling.
After Monday's strong session, Tuesday’s market breadth remained constructive, though signs of deceleration are emerging. While breadth remains positive overall, participation has narrowed slightly, and follow-through strength was moderate rather than broad-based.
U.S. equities took a breather on Tuesday, stabilizing after Monday's sharp rally as investors awaited a House vote on the temporary spending bill expected to end the record-long government shutdown later this week.
U.S. equities started the week with a clear breadth surge. Monday’s session (Nov 10) saw a convincing shift in participation, with improving leadership and technical strength across multiple timeframes. While not yet indicative of a full-blown uptrend, the breadth recovery strengthens the case for bullish continuation if follow-through persists.
Wall Street rebounded on Monday, recovering part of last week's steep losses as investors grew more confident about risk assets amid encouraging signs from Washington that the record-long government shutdown may soon conclude.
After Thursday’s sharp breakdown in market breadth, Friday brought a modest recovery. However, the rebound lacked the conviction seen earlier in the week. Beneath the surface, fewer stocks are maintaining key moving average levels, and signs of sustained leadership remain weak. The current trend remains vulnerable, with only limited improvement in breadth indicators.
