Stocks are on the verge of record territory, potentially representing the end of a stretch of futility that saw a sharp retreat from the peaks hit in the late summer and fall of 2018.
Indeed, Monday’s action marked the lowest full-day, total composite trading volume —roughly 5.7 billion shares—since Sept. 10, according to Dow Jones Market Data. In fact, Monday’s session was even eclipsed by the holiday-shortened Christmas Eve session’s turnover of 5.79 billion shares. “For the New York Stock Exchange, there has been a bit of hesitation to have full participation in the rally…with a decent amount of people on the sidelines,” State Street’s Bartolini said. He said those people who “missed the bounce back [since the December low] are waiting to see what happens on earnings season.”
The Value Line is used by many technical analysts as a measure of broad-market participation in rallies or selloffs because indexes like the S&P 500 and Nasdaq, which are market capitalization- weighted, can be skewed by bigger constituents like Facebook Inc., Apple Inc. AAPL, +0.36% Amazon.com Inc. AMZN, -0.17% Netflix Inc. NFLX, +1.58% and Google parent Alphabet Inc. GOOGL, +0.11% GOOG, +0.00% by virtue of their mega market values.“There is this debate on volumes.
Stock market VOLUMES lowest in months. Hmmmm. 🙄only 1%ers have money to blow, to gamble on this sham economy in favor of the wealthy designed by Republicans and libertarian fools.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: Reuters - 🏆 2. / 97 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »