Not a Manic Monday - Markets are starting the week in a cautious mood as the earnings calendar heats up, while getting fresh reading on eco data at the end of the week (Existing Home Sales and Markit PMI). Semis are lagging after the UK said they will intervene on the ARM/ Nvidia (NVDA -3.3%) for national security reasons. But the sector will see earnings from Lam Research (-4.8%) and ASML (-3.22%) as well, so traders are taking the opportunity to adjust their portfolios. The S&P is trying to bounce here at the 4150 level though, and a couple sectors are trying to turn green, but there are still only 124 stocks trading higher versus 376 lower.
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