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Stocks were mixed yesterday with tech stocks rocked by the disappointing earnings out of Apple, one of the bellwether earnings reports each quarter. The Dow was up 30-points despite Apple being one of the Dow 30 stocks, but financial stocks did well holding that index in positive territory. The small caps have been lagging and their chart is in need of some help - quick.
It was another disappointing day for stocks on Tuesday as an early rally faded yet again and closed near the lows of the day. The losses weren't terrible, but it's the inability for the indices to hold onto early gains, and except for Friday's strong close, this has become a recent trend. The Dow ended the day down 54-points.
Stocks opened higher on Monday, opening a new gap on the charts, but we did see some deterioration as the day went on. The indices closed with decent gains although the 129-point early gain in the Dow turned into a 77-point gain by the close. The Nasdaq led with a 1% gain, closing at the highs as big tech stocks are leading the way.
Stocks were mixed on Friday with the Dow shedding 17-points, the S&P and small caps were basically flat, and the Nasdaq was up thanks to some positive tech earnings. But for the first time in a while we saw stocks open weakly and close strong. Is this a sign of life for a market that has been rather sluggish over the last two-months?
Better than expected earnings reports from some big names, such as Netflix and Microsoft, gave stocks the juice to end the week in positive territory. The gains were modest, around 0.5% for TSP stock funds, but its the first positive week in October. This is good if you were in stock TSP funds for the week but still frustrating for those looking for a trend in the markets. It does seem as though stock indices are not acting in a very bull market like manner, but the outperformance of big name stocks