Stocks Pull Back After Tech Earnings, Fed Statement; RCL, TREX, MCO In Focus

The Nasdaq composite suffered a rare distribution day, falling 2% in higher volume. Breadth was more than 2-to-1 negative on both exchanges. Royal Caribbean Cruises is showing uncanny strength ahead of earnings; Trex is forming a flat base while holding above its 10-week line, while Moody’s is trying to clear a flat base.