The Daily Tipple

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Daily Tipple
[Monday, September 9, 2019]

Mon, Sep 9th, 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.

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