This week starts out like last week–down; will it end with a rally?

This week starts out like last week–down; will it end with a rally?

At the close today the Standard & Poor’s 500 was off 0.66%. The Dow Jones industrial Average was lower by 0.29%. The NASDAQ Composite had fallen 1.255 and the NASDAQ 100 had dropped 1.55%. The small cap Russell 2000 was down just 0.03%. The iShares MSCI Emerging Markets ETF (EEM) finished with a loss of 1.33%. As you might conclude from those results from the indexes, the big culprit in today’s retreat was technology, especially big technology stocks.

Notes You Need for July 9: Cheese tariffs, Brexit threat, PFE, Groupon, TWTR, Syncrude, financials lead

Notes You Need for October 9: TSLA,TWTR, Macau gaming, GM, autonomous cars,

In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. I launched this new feature on JubakAM.com on December 1. For example, 11:20 a.m.: “Aegis Capital reports that it expects “less negative” ad growth for Twitter (TWTR) in the third quarter but notes that the company continues to face an uphill battle to convince advertisers to shift budgets to the platform. Aegis cites tough competitive environment for online ad dollars, rise of new competition like Amazon (AMZN) and Snap (SNAP), better ROIs on competing online ad platforms, and overall ad industry pressures. Aegis retained its sell rating on the shares.”

Momentum sell off resumes

Even good news on initial claims for unemployment has not been able to turn a two-day rally in U.S. stocks into a three-day rally. With technology and momentum stocks leading the way lower—again—the NASDAQ Composite index is down 2.47% as of 2:15 p.m. in New York.