Stocks quoted in this article:
As we noted this morning, the PHLX KBW Banking Index (BKX - 759.42
) got out of the gate with a lead in early trading, as tech shares were relegated to nursing their post-holiday malaise. However, you can't keep a good index down. The Nasdaq Composite (COMP - 3975.3
) came roaring back toward the end of the day to close in positive territory for yet another in a long string of record closes. The high today of 4001.9 only slightly breached the high of 4001.6 set Thursday. Thus, the COMP will have to wait at least one more day before it has a millenium celebration with a close above 4,000. Conversely, the BKX backed off from its fight with its 10-day moving average and went from being in the black by one percent to being in the red by two percent by the closing bell.