Advancing stocks led declining ones by about 3 to 2, with 900 issues up in price and 651 lower.
Indeed, financial stocks have led the overall market up and down in each of the last eight years.
As has often been the case recently, blue-chip stocks led the charge.
And because small stocks have been leading the markets for seven years, they have a lot more room to fall.
When smaller stocks are leading the market, as they have in recent years, the challenge is artificially low.
But the fact that smaller stocks are leading the way is a bit of a change.
Advancing stocks led declining ones by more than 2.5 to 1.
If you believe that the market has hit bottom, the next question is which stocks will lead the rally.
For much of the last two years, cyclical stocks led the stock market.
The stocks that had led the slide the previous week would now lead a rise, and for the same reasons as before.