Everything I follow on the NYSE is red, as well. I use a short list to indicate the mood of the country and economy.
The DOW, S&P 500, Apple, Nike, General Dynamics and Target. I’ve found this short list to be reasonably accurate. I never use it for purchase decisions, though, only as mood indicators.
Each is well down today. No idea why.
One stock I notice, Wal-Mart down 5-percent, but goes with announcement that minimum pay level will be 13 to 19 dollars per hour.
Each is well down today. No idea why.”
Do you think it could be a manifestation of the huge amount of money that no longer flows due to the Covid response destroying individuals and businesses? I’ve been thinking that that, especially in a service economy, MUST show up sooner or later.
My guess is unemployment numbers increased today. That has always been a reliable indicator of future profits.