Market Review

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.

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