Every equip stock was down 1 pt. and at exactly 11 am they all reversed at the same time and are back to even. How convenient that every company can reverse on a dime at the same time. And people use fundamentals in their analysis !!
Add to the just posted article from the S&P analysis of the sector and their upgrade of KLAC and downgrade of Lam and of course LAM is down .7% and KLAC is down 1.5%, makes sense to me. Its old news as that downgrade was last week, it justs takes yahoo time to catch up.
Great day for financial news, trade gap hitting all time high and above expectations, a dump by pfizer, inversion of the 10 year and 30 year bond, but big Al says it doesn't matter so we'll ignore that one, and the dow is down a whopping 20 points.