The markets traded positively again today despite a full day of news over the grounding of Boeing Max 8 and 9 series planes. The Dow 30 traded wildly today but ultimately closed higher by 148. The S&P 500 added 19, poking above the important 2800 resistance area that has held prices back since last October. The Nasdaq fared the best thanks to FANG names with a gain of 52.
Sector News
Oil was higher today, breaking above the short-term resistance area seen around $58 per barrel thanks to the weekly inventory report which showed a decline of 3.9 million barrels here in the States.
Healthcare continued its bounce off the 200-day moving average today with its impressive rally so far this week. Just this week the sector is higher by about 3% and has less than 2% to go until hitting new highs on the year.
Technology stocks also had a good day today, hitting new yearly highs for the second time just this week. For the year it's been mostly straight up for the sector, adding about 16%. Apple has been a big help this week, making up almost 17% of the Technology Select Sector SPDR Fund
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