CNBC Pro

Santoli’s Friday market notes: Economically sensitive stocks prop up major indexes near record levels

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 5, 2021.
Andrew Kelly | Reuters

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • Broad indexes doing their best to sidestep big-cap earnings blow-ups, fast-moving macro inputs from bonds and straight fatigue following a quick three-week climb and seven-day win streak.

More In Santoli on Stocks

Apple stock’s recent weakness could stem from safety-seeking investors who are now fleeing
CNBC ProApple stock’s recent weakness could stem from safety-seeking investors who are now fleeing
This indicator is offering a hopeful signal for global markets, despite turmoil in China
CNBC ProThis indicator is offering a hopeful signal for global markets, despite turmoil in China
Best Buy's jump on ho-hum earnings shows how unloved some retail stocks have become
CNBC ProBest Buy's jump on ho-hum earnings shows how unloved some retail stocks have become