The market closed with a mixed performance, as energy and financials led while technology and utilities lagged.
The market closed with a mixed performance. Energy and financials led, while technology and utilities lagged. The market is +2.0% above its 50-day average price and +8.4% above its 200-day average, indicating the long-term trend is intact. Investor complacency is a concern, with the fear gauge 20% below its normal level. The performance of the tech sector, particularly semiconductor stocks, will be a key indicator when the market reopens. There are two possible scenarios: the tech sector recovers and leads the market higher, or it continues to break down and drag the broader market lower. The ISM Manufacturing PMI on 2026-09-01 and JOLTs Job Openings on 2026-09-01 will provide further insight into the market's direction. Watch the Dallas Fed Manufacturing Index on 2026-08-31.