Today, technology stocks that took it in the neck yesterday bounced back strongly.
The Standard & Poor’s 500 was up 0.77% today, November 11, but the NASDAQ rose 2.01% and the NASDAQ 100 climbed 2.31%.
The Technology Select Sector SPDR ETF (XLK), down 1.86% yesterday, was ahead 2.37% today. The Financial Select Sector APDR ETF (XLF), up 0.52% yesterday, fell 0.41% today.
Today shares of Apple (AAPL) rose 3.04%. Facebook (FB) closed 1.49% higher. Nvidia (NVDA) finished ahead by 5.07%. Qualcomm (QCOM) added 5.41%. Amazon (AMZN) was up 3.37%. Adobe (ADBE) gained 3.48%. And Microsoft (MSFT) was higher by 2.63%.
And at least for a day, investors and traders put speculation of a market rotation back toward lower multiple “value” stocks back in the trunk.
Caterpillar (CAT) was off 1.65% today. MGM Resorts International (MGM) fell 3.23%. American Airlines (AAL) was down 2.75%. Boeing (BA) gave back 3.47%. Dow closed down 2.34%. And even Pfizer ended off 0.47%.