The one-day chart for Thursday, September 11 shows the reversal of losses in Small Cap and Micro Cap stocks which continued and led U.S. stocks higher.
Gains on Wall Street were led by small-cap stocks on Thursday. Trading was choppy, as an unexpected increase in weekly jobless claims and lower commodities prices encouraged investors to remain cautious.
“I think tomorrow will be focused on economic data unless something happens overnight,” Mark Luschini, CIO at Janney Montgomery Scott, said. “In general there’s the sense the market is wandering a bit and struggling to find a connection to it.
Low oil prices helped transports gain and helped stocks turn positive.
Next week, investors will turn their focus to the Federal Reserve meeting and other events.
“The market is in a quiet phase ahead of the Fed next week and the Scotland, UK vote,” Peter Boockvar, Market Analyst at The Lindsey Group. “The market’s just very reactive, not proactive, which makes it hard to trade.”
