SMF Traders Market Internals
The Dow was down 2.43% at 11231, the Nasdaq was down 2.64% at 2210, and the S&P was down 3.41% to close at 1225. Leading sectors included Soft Drinks +0.88%, Motorcycle Manu +0.64%, Distillers and Vintners +0.44%; Biotech +0.32%; Food Retail +0.31%. Lagging sectors included Multi-line Insurance -13.1%; Steel -11.6%, Tires and Rubber -11.6%, Oil and Gas Refining -10.7%, Coal and Consumable Fuels -10.5%. Today's movement came from higher than avg volume (NYSE 1416 vs. 1310 avg, Nasdaq 2638, vs. 2152 avg), with decliners outpacing advancers (NYSE advance/decline 383/2797, Nasdaq 540/2277) with new lows outpacing new highs (NYSE new high/new low 46/357 Nasdaq 57/220).