- White House Chief of Staff Mark Meadows bookended the trading day with pretty much the same message on fiscal stimulus: he's optimistic on progress and the administration will remain engaged in talks.
- And the broader market ended much as it started: little direction with the exception of social media plays.
- The S&P (SP500) closed down 0.2%, the Nasdaq (COMP) finished off 0.3% and the Dow (DJI) ended down 0.4%.
- Megacaps Facebook and Google drove Communications Services (NYSEARCA:XLC) higher, but Twitter was the big winner, closing above $50 and setting a new intraday 52-week high.
- XLC rose above its 50-day and 10-day simple moving averages.
- Energy (NYSEARCA:XLE) found itself in the basement again and is down about 8% in the past month.