Dow dips in flat session: Stock market close

In the first trading day coming off of last week's equity rollercoaster, stocks (^DJI, ^IXIC, ^GSPC) close Monday's session mixed. The Dow Jones Industrial Average fell by 0.2% while the S&P 500 is just barely above its flatline.

Julie Hyman recaps the market average action as stocks anticipate this week's coming inflation data and economic prints, followed by Jared Blikre's analysis of market volatility (^VIX) levels and the day's sector gains.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Luke Carberry Mogan.

Video Transcript

Let's take a look at where we ended the day down, almost half a percent on the dow.

And really the vibe today is that a lot of investors are looking towards data later this week in a sort of highly data sensitive environment.

Right now.

We've got PP I tomorrow followed by CP I on Wednesday.

Then we've got retail sales and jobless claims which now have gotten a little more attention over the sensitivity around the job market.

So that coming later in the week, pretty tight range for today, even though there was a lot of bouncing around within that range, same goes for the S and P 500 which is finishing up a quarter point.

So very, very small movement when all was said and done, even though again, you got that kind of bouncing around during the day and NASDAQ similar story there, but it finished slightly in the green.

So let's call it mixed the Russell 2000 by the way down more today and a little bit more consistent.

So down 9/10 of 1%.

So interesting to see that as well.

The one other move that we've been talking about today has been the move upward in crude oil.

So that's something to take note of as well.

But Jared Bli what stands out to you from today's session?

You know, I'm going to go up, I'm gonna take a look at the vics here because the Vicks was camping out in the 20 area.

You can see it closed above 21 but it was hanging out at 20 20 is not a magic level.

It's just kind of a psychological level.

But above that, and I'm just going to put a five year chart on.

So you can see where we are.

This kind of is where we started five years ago.

And so this is delineates a certain type of a certain class of behavior that we see and are we on the tail end of it?

It looks like we can certainly see re ignition.

I'll be talking to that.

I'll be talking about that in about 30 minutes when you do a deeper dive.

But I want to show you the NASDAQ here.

Look at that NASDAQ is up again.

We had the sinus soil kind of back and forth action zigzagging all day long ended on a slightly positive note, but that's just summer trading right there.

I really have very little explanation.

It's Monday in a very low liquid time of year and here we're seeing the sector action, only a couple of sectors in the green tech.

It looks like energy and utilities, all three of those are outperforming.

So tech has bounced back but at the expense of most other things, energy as well as you noted, wt I crude has been up today and then taking a look at some of our leaders, the small oil fund PS CE uh that was in the green, that's taking the leadership spot at the top left.

Then we got Chinese stocks doing well, looks like semiconductors bounced back.

So we want to take a look at that NVIDIA up 4%.

That's the best day in a while.

S MC I up 6%.

So kind of erasing some of the carnage that we saw during that painful rotation over the last three weeks.

We'll just have to see how the week evolves here, especially as you noted, Julie, when we get those uh those big reports, especially CP I on Wednesday.