Stock Market Today With IBD Investor's Business Daily
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- Business
A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.
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Indexes Close In On All-Time Highs; Celsius, Manulife, WSM In Focus
The Dow Jones extended its winning streak to seven sessions. The 10-year Treasury yield eased 3 basis points to around 4.45% after jobless claims came in stronger than expected. Celsius made a bullish move after a volatile reaction to earnings earlier in the week; Manulife cleared a base and is still in a buy zone; Williams-Sonoma is back near highs with earnings coming up.
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Dow Jones Makes It Six Straight; TSMC, Aerovironment, Jefferies In Focus
Small caps were under pressure all day, but the Nasdaq composite and S&P 500 pared early losses. Decliners beat advancers by less than 2-to-1 on both exchanges as utility stocks outperformed. Taiwan Semiconductor isn’t far from a new entry as it forms a double-bottom base; Aerovironment could try to add a handle to its current pattern; Jefferies is near the top of a shallow cup base.
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Stocks Pause After Recent Run; Star Bulk Carriers, Ares Management, Embraer In Focus
The major indexes paused Tuesday after a trio of solid gains. A number of stocks still flashed buy signals, often on earnings, though there were big losers as well. Star Bulk Carriers broke out with Ares Management and Embraer near buy points.
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Market Indexes Clear Another Hurdle; Tradeweb, NetApp, Quanta In Focus
Remember that sharp break in the market indexes last month? Seems that the market is putting that worrisome week in the rearview mirror as it hurdles over another potential area of resistance. For stocks, Tradeweb.
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Nasdaq Retakes 16,000 With Gusto; CEG, Skechers, Apple In Focus
With Friday’s jobs report reigniting rate-cut hopes, along with positive reactions to earnings from Apple and Amgen, the Nasdaq composite decidedly cleared the 16,000 level. Mike Webster and Alissa Coram walk through this week’s technical action and stocks to watch in the Friday extended version of Stock Market Today.
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Nasdaq Soars Ahead Of Jobs Report; Qualcomm, ResMed, FTI In Focus
Winners beat losers on the Nasdaq by more than 2-to-1. The ratio was around 4-to-1 positive on the NYSE. The 10-year Treasury yield popped early but reversed slightly lower ahead of Friday’s jobs report, which is expected to show nonfarm payrolls up 243,000. Qualcomm soared after reporting earnings and giving bullish revenue guidance, while ResMed and TechnipFMC continue to show strength.