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Author Message   Entrepreneur Kurra Bewarse Username: Entrepreneur Post Number: 3945 Registered: 05-2011 Posted From: 24.164.46.35 Rating: N/A Votes: 0 Posted on Thursday, January 20, 2022 - 2:14 pm:    Market Briefing: Sticking to the rebound script Everything is going according to script so far. The futures market signaled there would be a rebound effort in the cash market today and that is exactly what has transpired in early action. It is a broad-based rebound effort, too. All 11 S&P 500 sectors are trading higher with gains ranging from 0.4% (consumer staples) to 1.8% (information technology) Gains have been registered across all market-cap sizes, from micro-cap to mega-cap Growth stocks are up and so are value stocks, although growth stocks have the rebound edge since they have been hit the hardest 25 of 30 Dow components are trading higher (11 are up at least 1.0%) Advancers lead decliners by a 3-to-1 margin at the NYSE and the Nasdaq Travelers (TRV 168.15, +8.08, +5.1%) is the biggest percentage gainer in the Dow following its better than expected earnings results, yet UnitedHealth (UNH 469.52, +7.00, +1.5%), Goldman Sachs (GS 356.18, +8.86, +2.6%), and Microsoft (MSFT 310.48, +7.15, +2.4%) are having the most impact for the price-weighted average. Microsoft is among several mega-cap stocks pacing the recovery effort that has the Nasdaq Composite out in front of the pack. The Treasury market isn't getting in the way of today's rebound effort either. The 10-yr note yield is up just a basis point to 1.83%. The CBOE Volatility Index is down 7.2% to 22.13. The Nasdaq Composite is up 2.0%; the Russell 2000 is up 1.5%; the S&P 500 is up 1.4%; and the Dow Jones Industrial Average is up 1.2%.