Nasdaq KFTX 3/14/17: The blizzard called Stella shut down any chance of activity today. Oh yeah, early morning selling gave way to a grinding climb back up as a few folks woke up and decided to nibble at offers which resulted in minor losses. Most traders seemed to be in bed or shoveling snow. All the major averages finished with a softness which may carry over into tomorrow before the FOMC meeting and press conference. Oh, in case you really have been asleep for a while, the Fed is fully expected to raise interest rates tomorrow
AND at the press conference let us all know they will probably raise 2 more times this year (subject to, subject to, etc). In the fintech sector.............
NOTHING
. In a slight statistical quirk, theKFTX
had 0 change which means 0 percentage change and the same price settlement of 1138.21. If that's too much for you believe, call 1-800-ROBOTS to file a complaint. AnyKFTX
index stocks with a 2 point and/or 3% move today? Hmmmmmm!ADS
-2.29 (245.53)
GDOT
+3.02 (33.18) +10.01%
WU
+.69 (20.27) +3.52%
Well, that's 3 more than I would have guessed. Got 17 stocks up, 31 down and 2 unchanged. Remember, only 50 stocks in that fintech index.
Set your alarms for a little before 2pm EST for the Fed decision and after party tomorrow. Until then, have a great evening.
————By Bill Taylor-CEO, FintekNews & CIO, TLC Capital Group