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Afternoon Note

Under Pressure

By Charles Payne, CEO & Principal Analyst
7/19/2024 1:32 PM

Stocks near the lows of the session as the Technology (XLK) sector continues to be under heavy selling pressure.

Notably, cruises line operations and leisure stocks are among the best performers this afternoon despite this morning’s cyber outage affecting many airports and airlines.

Only one out of the eleven sectors are up so far today, Health Care (XLV). The largest losers are Technology (XLK), Consumer Discretionary (XLY), and Materials (XLB).


 

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