[Monday, September 9, 2019]
Markets were mixed in active trading as investors reallocate across the major sectors. Financials found favor as the bank stocks rallied. The Energy group was also higher. It was a choppy session with the indexes moving away from early gains but closing off the worst levels. The broader S&P 500 was mostly unchanged, down -0.28 to 2,978.43. The Index remains less than 2% from its all-time high. The Dow put in a fourth straight day of gains, adding +38.05 to 26,835.51. It is the longest winning streak for the index since July. The tech-heavy Nasdaq Composite slipped fractionally, down -15.64 to 8,087.44. The Russell 2000 beat its larger brethren with a better than one percent gain, up +18.34 to 1,523.42. As noted Financials led the major sectors while Health Care lagged. Crude enjoyed a solid move up with WTI futures gaining a percent and a half to 58.04 per barrel. Gold continued its recent pullback, slipping to 1,508.80 per ounce. Bonds were mostly higher; the 10-Year settled offering 1.6220% The VIX Index, a measure of volatility moved up modestly to 15.32.