Weekly Stock Market Review

The stock market has been week over the last couple of weeks. The technology laden Nasdaq has been hit the worst of the three major indexes. Looking under the covers at stock market sectors easily reveals the reason for the widespread weakness: continuing trouble with technology. Both technology hardware and semiconductors fell roughly 3% in relative strength so far in October. Technology is so important for the market that its weakness overshadowed new found strength in capital goods, consumer durables and transportation.

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