Stocks mixed in midday Tuesday as the Nasdaq rallied and the Dow Jones Industrial Average removed most of the early 89-point drop.
The Nasdaq was up 0.5%, the S&P 500 was up 0.2% and the Dow Jones industry moved below 0.1% on the stock market today. The capital letters tracked by Russell 2000 added 0.4%. Volume fell on both the NYSE and Nasdaq exchanges compared to the same time on Monday.
Tech stocks boosted the Nasdaq Composite by 43.6 percent in 2020, the fifth-best year ever, the S&P 500 jumped 16.3 percent and the Dow added 7.2 percent last year after a strong start this year. The market is currently having a brief rebound from a correction.Read the big picture for a detailed daily market analysis.
The COVID-19 epidemic has plagued the US economy as the nationwide disruption was one year past point. But many states are easing the limit and there are signs of hope as vaccinations begin and cases begin to plateau in some states.
Overview of the US stock market today
|index||The symbol||price||Profit / loss||% Change|
|S&P 500||(0S and P5)||4085.25||+7.34||+0.18|
|IBD 50||(FFTY)||45.45 p.m.||+0.44||+0.98|
Last Update: 12:00 PM ET 4/6/2021
There are 133 million cumulative cases of COVID-19 worldwide, with nearly 2.9 million deaths in the United States, as many as 31.5 million and 569,000 deaths, although the number of new cases in the United States has slowed. Down
Dow winners and losers
Nike (OF) and Coca cola (KO) received more than 1% per person.
Nike is up 1.5 percent, close to taking back its 50-day moving average.The shares have rallied over the past 15 weeks in a shallow pattern with 148.05 points of buy, according to marketSmith chart analysis. Approx 7%
Last week, Nike won a lawsuit that alleged MSCHF Product Studio’s “Satanic Shoes”, in collaboration with rapper Lil Nas X, infringes the shoe giant’s trademark.
Coca-Cola, up 1.2%, is building a cup base with a buy point of 55.03, roughly 3% below the list.Coca-Cola shares have a composite rating of 34, below the 90’s preferred minimum of the top stocks. A relative strength score of 25, which is part of the overall score, means that it is 75% lagging behind other stocks.
Walgreens Boots Alliance (WBA), Boeing (BA) and United Health (UNH), down more than 1%, is the largest blue chip loser.
Microsoft (MSFT) slipped 0.1% but remained in the buying phase after clearing its 246.23 buyout on Monday, the peak of Microsoft’s buy-in at 258.54.The software giant was IBD Leaderboard and IBD Long-Term Leader stock.
Outside the dow
Solar, oil and gas and apparel stocks are among the 197 industry leaders of the IBD, Steel, Software and Telecommunications stocks of the USSR.
IBD 50 shares Green Brick Alliance (GRBK) gained 10% in heavy trading, hitting a 10-year high.The stock hit a 25.15 buy point of the 20-week cup base, now expanding off the list, with a buy range of 26.78. Around 7:10 p.m. Green Brick was among the stocks featured on Monday’s IBD Screen Of The Day.
Innovator IBD 50 ETF (FFTY) advances 1% led by Green Brick. Pinterest (PINS) and Yeti (Yeti).
New edition GreenBox POS (GBOX) was up 18 percent to extend its breakout on Monday from a 15.45 buy point of the six-week cup base. The stock is now well-expanded from the list of payment companies using blockchain ledgers, doubling its estimate of this year’s compute volumes to at least $ 1.2 billion, GreenBox published Feb. 18.
Illumina (ILMN) was up 9 percent in rapid turnover as it neared a 50-day recall late Monday.The maker of the gene analysis system said it expected Q1 revenue to reach $ 1 billion. It also forecast full-year revenue growth of 25% to 28%, well above Wall Street’s growth target of 17%.
Follow Nancy Gondo on Twitter @IBD_NGondo.
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