Investors Take Profit From U.S.
U.S. markets are mixed as they come out of the lunch hour, with the battered technology sector taking the lead today as investors take profits from other areas of the market.
Near the end of the lunch hour the S&P 500 is trading near its session low with a loss of 0.31%. The Dow is likewise trading near a session low as it has fallen 0.44%. The Nasdaq is being supported by the gains from technology today and is trading up by 0.26%.
Even though the Nasdaq is now up by 1% this week it is still far behind the other major indices for November as the S&P 500 has gained 2.2% so far in November, while the Dow is trading 3.9% higher for the month.
November has seen a good bit of sector rotation as investors have moved out of defensive sectors following the U.S. presidential election and have been shifting capital to financials, industrials, and transportation in anticipation of policy changes from president-elect Donald Trump.