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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Nasdaq Edges Higher, Small Caps Lag In Mixed Session; FedEx, AMZN, Arm Holdings In Focus
Declining stocks had a slight edge over advancers on both exchanges. The Nasdaq’s advance/decline line has been on a downtrend for more than a month.
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Market Shifts Back To Nasdaq; Meta Platforms, Novo Nordisk, MercadoLibre In Focus
After a few days with the Dow and non-tech sectors leading while AI plays tumbled, the market shifted back to Nvidia and the Nasdaq. A one-day blip or a reversion to the old AI trend? Meta Platforms, Novo Nordisk and MercadoLibre flashed buy signals.
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Injured Players Don't Stop These Stocks; Sprouts, Hartford And Merck In Focus
Even though some of the star players are coming down, there seem to be some understudies waiting in the wings. Sprouts Farmers Market got our “ants” signal but tightened up afterward. Now, it’s found support at its 10-week line. Insurance companies continue to show relative strength as Hartford Financial staged a breakout today. Healthcare stocks are right there too with Merck coming up to prior resistance and setup to breakthrough.
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What To Expect After A Downside Reversal; Nvidia, Alphabet And Spotify In Focus
Is the party over or just moving locations? The downside reversal on Thursday is certainly affecting Nvidia as it continued to weaken, but other megacaps are picking up the slack. Alphabet is looking at a closing high after moving above a three-weeks-tight area and Spotify found support at its 21-day moving average line.
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Nasdaq Snaps Seven-Session Win Streak; Kanzhun, Chubb, PLTR In Focus
Losers had a slight edge over winners on both exchanges. The S&P 500 turned lower after poking above the 5,500 level, while blue chips finally enjoyed a day of outperformance. China-based Kanzhun and Chubb are close to breaking out of downtrends, while Palantir might be adding a handle to its current pattern.
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Stocks Hold Near Highs; ELF, GS, GVA In Focus
The stock market had a relatively quiet pre-holiday session, with the S&P 500 and Nasdaq holding around record highs. The latter is somewhat extended, something to consider when analyzing possible buys and sells. ELF Beauty broke out, while Goldman Sachs and Granite Construction are right on the cusp of early entries.