AllMarket Summary
logoArgusOctober 14, 2020

Market Digest: AAPL, C, ECL, FTV

Sector(s)
Financial Services, Basic Materials, Technology
Summary

The stock market closed on October 9 with a winning session, ending its best week in three months. With a close at 3,477, the S&P 500 pulled within 3% of its all-time high of 3,588 from 9/2/20, and the index moved higher still on October 12. The September sell-off -- which resulted in a near-correction (defined as down 10%) for the broad market and full corrections for leading Technology names -- cleared away some (only some) of the excessive optimism. It also partly (only partly) restored some sector balance; two of the best sectors in 4Q20-to-date have been out of favor all year.

Premium
Subscribe to Yahoo Finance Premium for full access
Read the latest independent research including analyst forecasts, ratings on the US economy, and more. Get individual company and overall sector level recommendations.
Try Premium FREE