The S&P 500 is trading in a tight range today just below Friday’s close of 1224.71. That was the highest close since November 5th, when the S&P 500 finished at 1225.85 which was the highest close in 26 months.
The Morgan Stanley Cyclical Index (^CYC) did indeed close above 1,000 on Friday. The CYC finished the week at 1000.95, which was its highest close since May 20, 2008.
In today’s trading, the cyclicals are again leading the market. Stocks like Freeport-McMoRan Copper & Gold (FCX), ConocoPhillips (COP), Baker Hughes (BHI), Caterpillar (CAT), Occidental Petroleum (OXY) are at-- or near-- 52-week highs today.
Since I talk so much about the CYC, here’s a look at the 30 stocks in the index.
|Deere & Company||DE|
|United States Steel||X|
Disclosure: Author's holdings can be found here.