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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Apple Drives Nasdaq To New High; Arista Networks, Lam Research Also In Focus
Stocks closed mixed but near session highs. Apple surged out of a base, driving the Nasdaq to a record high. Arista Networks flashed a buy signal while Lam Research is trading around buy points. The CPI inflation report is due early Wednesday with the Fed’s “dot-plot” rate outlook on tap in the afternoon.
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Stocks Hold Strong Ahead Of Fed Meeting, Inflation Data; GM, BIRK, GMED In Focus
Winners were evenly split with losers on both exchanges as the Nasdaq composite and S&P 500 trade tightly near highs. The 10-year Treasury yield rallied again after surging 15 basis points Friday. General Motors broke out powerfully from a flat base.
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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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