Stock Market Today With IBD Investor's Business Daily
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- Business
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A roundup of the most compelling market action each trading day at the closing bell from Investor's Business Daily.
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This Shows Why The Bull Market Has More Room To Run; CrowdStrike, DKS, Viking In Focus
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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Stocks Dip Ahead Of Pivotal Jobs Report; PINS, WPM, COIN In Focus
Decliners beat advancers by less than 2-to-1 on both exchanges as gold stocks outperformed. Data center stocks like Vertiv and Modine Manufacturing fell hard again, but the session served up several strong gainers. Pinterest cleared a trendline after a low-volume pullback; Wheaton Precious Metals bounced nicely off its 50-day moving average; Coinbase is forming the right side of a base.
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Nasdaq, S&P 500 Jump To Record Highs; CrowdStrike, ASML, Oscar Health In Focus
The ADP employment came in weaker than expected, raising expectations that the first Federal Reserve rate cut will come at the September meeting. Friday’s employment report still looms large. CrowdStrike soared after reporting earnings, but there’s a caveat; ASML gapped up to the top of a 13-week consolidation; Oscar Health is firming up after a pullback.
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Major Indexes Firm As Small Caps Slump; Spotify, GE Aerospace, Novo Nordisk In Focus
The major indexes were firm Tuesday, with the Nasdaq and S&P 500 near record highs. But market breadth was weak, with small caps falling back below the 50-day line. Spotify and Novo Nordisk cleared buy points while GE Aerospace is finding key support, working on a new base.
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Glitches, Elections And Poaching, Oh My! Domino’s, Regeneron, Coherent In Focus
There was a lot to talk about in the market after Friday’s reversal. The NYSE had some glitches that led to some wrong prices in Warren Buffet’s Berkshire Hathaway (BRKA) and others. Elections in Mexico and India had very different effects on those stocks and the CEO of Lattice Semiconductor (LSCC) found greener pastures at Coherent (COHR). On top of that you also had some good looking charts in the Domino’s (DPZ) as restaurant stocks continue to set up. Medical is also coming on strong with Regeneron (REGN) following up on its reversal last week.
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Power Trend’s First Real Test A Success; Logitech, Vertex, MercadoLibre In Focus
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.
Customer Reviews
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Good content. Irritating delivery
I hope the IBD team considers moderating the unnecessary breaking news/anchor desk tone which distracts from the actually useful content.