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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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.
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Stocks Swing Wildly After Fed Statement; Pinterest, BAH, AVAV In Focus
The market initially breathed a sigh of relief that it didn’t get a hawkish statement from Fed Chairman Powell. He acknowledged that inflation is still too high, but he also said the Fed would slow down its bond selling, which could cause downward pressure on rates. Pinterest soared on bullish Q1 results; Booz Allen Hamilton and Aerovironment are building new bases.
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Indexes Skid Ahead Of Fed; Eli Lilly, Modine, Constellation Energy In Focus
The S&P 500 and Nasdaq pulled back from their 50-day lines to undercut their 21-day lines, awaiting the latest Fed meeting and other big news. Eli Lilly jumped on earnings, flirting with a buy signal.