Client Portal
Fiserv, Inc.
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FI
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$200.51
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-2.3%
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$203.84
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$204.26
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$199.58
Mark L. Newton, CMT AC
Head of Technical Strategy
Mon, December 9, 2024 | 11:13AM ET
Today's early weakness is reaching multi-day lows for the first time since early November though market breadth today is positive by 3/2 as seven sectors are positive out of 11, with Materials and Healthcare up more than 1%. The decline in big-cap Tech however is what many investors are concentrating on and FI-2.30% AMD-4.75% PANW0.34% NVDA-3.00% PLTR-1.44% are all down more than -2.75%. An end of day finish at multi-day lows, particularly if breadth gets worse would make the case for a mild selloff which might last into FOMC but one which should provide buying opportunities. Oddly enough, today's positive breadth on negative SPX price action is nearly the opposite of what happened all last week when prices rose while breadth was negative. Initial support levels for ^SPX-1.50% lie near 6042, then 6017
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Markets
Nasdaq Composite
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19158.1
|
-1.65%
|
S&P 500 INDEX
|
5806.6
|
-1.50%
|
10Y Treasury Yield
|
4.776
|
+1.77%
|
Last updated: 2025-01-10 16:00:01