Stocks sold off today with the Nasdaq Composite (QQQQ) suffering the biggest losses as the technology sector declined 1.4%. The losses were smaller on the DJIA (DIA) and S&P 500 (SPY) because the consumer staples, health care, and utilities sectors managed to finish flat or slightly up indicating money is moving out of the market or to more defensive sectors of the market.

With the major indexes opening today's session down and things looking grim stocks staged a recovery and were able to reverse decent losses and finish higher with mild gains. Market breadth was generally positive but investor participation did not indicate the positive reversal had strong backing behind it.

Stocks rose today with each of the major indexes gaining at least 0.5%. The DJIA (DIA), S&P 500 (SPY), and Nasdaq Composite (QQQQ) all closed near their session highs. In addition, both the S&P 500 and Nasdaq Composite spent the entire session in positive territory while the DJIA was only slightly negative at one point during today's trading session.

Stocks were off to the races at the opening bell today celebrating the jobs reports. However, by the time the stock market closed the major indexes gave back the majority of their gains. Investor participation this week was favoring profit taking even in today's session.