Jerry Samet
09-06-2025, 10:36 AM
The market held up pretty well overall yesterday. After the weaker than expected employment report the market opened with nice gains, but couldn’t hold them. Selling came in and the major averages lost their gains and closed mostly with modest losses. The New York averages closed low in their intraday trading ranges while the NASD averages finished in about the middle of their trading ranges. The COMPQ and the SPC declined .03% and .32% respectively. The NDX gained .08%. Volume was higher across the board. Leading stocks were moderately higher on the day. The leaders index gained .22% and closed high in its trading range. Volume was higher and slightly above average. The market put in an overall decent session yesterday. Early gains were lost in the major averages, but the small and mid-cap stock stocks did well. Market internals were also good and the advance/decline line of the NYSE made a new high. The market could have reacted badly to the weak employment report but pretty much held its own. The rally remains on solid ground and next week’s inflation reports will tell a lot. After that the Fed meeting comes and a rate cut is likely. Jerry