The Dow Jones Industrial Average scored another all-time high Wednesday afternoon and pulled back slightly in late trading. The blue-chip index was 0.2% higher.
X
The S&P 500 traded sideways in the early going and remained unchanged in afternoon trades in the stock market today. The energy and communication services sectors lagged while health care, consumer staples and consumer discretionary gained.
The Nasdaq fell in early action but rose 0.1%.
Volume was higher on the NYSE and on the Nasdaq compared with the same time on Tuesday.
The small-cap Russell 2000 continued to build upon its recent gains and rose 0.5%. The Innovator IBD 50 ETF (FFTY) underperformed and fell 0.3%.
The yield on the benchmark 10-year Treasury note fell 9 basis point to 3.79% and is at the lowest since late June.
Dow Jones Stocks
Apple (AAPL) fell slightly and was just below its buy point of 192.93 in a cup with handle. The tech giant got an appeals court to pause an import ban on certain models of the Apple Watch involved in patent litigation.
Microsoft (MSFT) also fell but remained in a buy zone above a buy point of 366.78 in a cup base.
Caterpillar (CAT) remains in a buy zone above a buy point of 293.88. Nike (NKE) continued to drift lower after gapping down below the 50-day moving average on a cautious outlook last week.
Stocks Moving Today
Among other Magnificent Seven stocks, Tesla (TSLA) rose nearly 2% as it forms a double-bottom base with a buy point of 278.98. Tesla has already topped an alternative entry at 252.75. The electric-vehicle giant plans on revamping its Model Y vehicle in Shanghai.
Nvidia (NVDA) is also just above a buy point of 476.09, also from a double-bottom base. Google-parent Alphabet (GOOGL) remained in a buy zone from a handle entry of 139.42. Amazon.com (AMZN) is extended from its 145.86 entry but in a buy zone above a 149.26 alternate buy point.
Outside the Dow Jones, MicroStrategy (MSTR) rose over 10% after the company disclosed that it had purchased $616 million in bitcoin ahead of a spot ETF decision. MSTR has rallied over the past three months, but its Composite Rating lags at 69. Among other crypto stocks, fund manager Cathie Wood holding Coinbase (COIN) rose to levels last seen in April 2022. Marathon Digital (MARA) rose over 15% and is almost on a 11-day winning streak.
In the IBD 50, ServiceNow (NOW) has formed a three-weeks-tight pattern with a buy point of 720.68. ACM Research (ACMR) is at the top of a buy zone from a buy point of 18.75.
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Source: investors.com
