AllMarket Summary
logoArgusOctober 14, 2020

Market Digest: AAPL, C, ECL, FTV

Financial Services, Basic Materials, Technology

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.

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