Market Breadth Is Improving. Tech Recovers From Early Drop.

The stock market is giving me whiplash.

The Nasdaq Composite has already cut its sharp 1% decline in half. The S&P 500 is only down 0.1%. The Dow is up 40 points, or 0.1%.

Some traders opted to sell highflying tech stocks like Palantir and Nvidia shortly after the open. The move looks like an attempt to take profits ahead of a potentially risky stretch of earnings reports beginning with Tesla and Alphabet after tomorrow’s close. At least some on Wall Street saw that as a chance to buy the dip.