Nike
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NKE
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$71.20
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-0.13%
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$71.85
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$72.39
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$71.09
Wed, August 23, 2023 | 11:27AM ET
Today'sQQQ-1.57% bounce has indeed broken out of its downtrend from late July, and weak economic data this am could be a precursor of the kind of sector rotation that results as Treasury yields begin to weaken- Technology an overwhelming outperformer early on, higher by 1.37% in equal-weighted terms, while XLK up by +1.7%- Communication Svcs also showing excellent relative strength on the heels ofNFLX-4.26% META0.94% andGOOGL-0.94% all higher by 2%+ FANG FANG FANG!!! SPX requires a move above 4440- DJIA meanwhile lagging, but this is largely NKE-0.13% related which is down 3.94%-
