Client Portal
Target Corporation
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TGT
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$141.62
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+2.46%
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$138.74
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$143.00
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$138.45
Mark L. Newton, CMT AC
Head of Technical Strategy
Thu, August 29, 2024 | 3:03PM ET
US Equity indices have retreated over the last few hours, but market breadth notably has actually improved and we're now seeing more than 3/1 advance/Decline as Energy, Materials, Industrials, are all up more than 1% and even Technology remains positive by +0.71% with the only "down" sectors being REITS -0.20% and Staples -1.05% being dragged down by DG-0.36% , DLTR1.29% , TGT2.46% despite good strength out of CLX-1.90% and BF/B. Overall, this pullback is largely Technology retreating, and GOOGL-0.94% gave back most of its gains as AAPL announced their intention to invest in OpenAI and join the funding round. AAPL also has given back most of its early gains. Overall, i don't feel like this pullback is all that meaningful unless it were to break yesterday's lows near 5561.
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Markets
Nasdaq Composite
|
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