June 18, 2020, 4:44 pm EDT
Market Review
It was a mixed day (DJIA -0.16%, S&P flat, Nasdaq +0.33%) with very low volume. Highlight points are:
- Technology stands out. Specifically, software performed well led by ORCL +4.2%, CRM +3.5%, PAYC +2.4%, ADBE +1.7%
- Entertainment network: VIAC +5.2%, DISH +4.5%, and FOX +3.2% showed strength
- Streaming provider ROKU +8.9% became a shining star that sets up its base and may breakout with its peers NFLX +0.5%
Gap down damage is still there but Nasdaq held up well and bears cannot follow-up its attack. It means the longer the sideways, the stronger the bulls. However, COVD-19 hit another record high worldwide yesterday. Whether it will hit the US again with resurgences or not will play key roles for the stock markets.
