The Dow Jones Industrial Average was steady Monday as Tesla (TSLA) outshined other Magnificent Seven stocks like Apple (AAPL) and Nvidia (NVDA). Famed investor Cathie Wood bought a diving stock. And Berkshire Hathaway (BRKB) fell on the stock market today after Warren Buffett flagged why progress has been difficult for the firm.
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Meanwhile, some noteworthy names are trading near buy points. Ollie’s Bargain Outlet (OLLI) and Dream Finders Homes (DFH) tested entries while Qualcomm (QCOM) moved toward a potential buy point.
Nasdaq Flat, Growth Stocks Excel
The Nasdaq composite was flat in recent action. Palo Alto Networks (PANW) fared best as it jumped more than 8%, though it remains stuck below its 50-day moving average.
The benchmark S&P 500 reversed lower, falling 0.3%. Domino’s Pizza (DPZ) was faring well here, rising around 6% on strong earnings. The firm is also raising its dividend by a quarter and increasing its share buyback program. Kroger (KR) fell after the Federal Trade Commission sued to block its $25 billion merger with Albertsons (ACI).
The S&P 500 sectors were mixed with a slight bias to the negative. Technology and energy were outperforming on the stock market today. Communication services and utilities, the latter a defensive area, struggled the most.
Small caps reversed higher, with the Russell 2000 rising 0.2%. Growth stocks fared best, though, as the Innovator IBD 50 ETF (FFTY) surged more than 2%.
Meanwhile, Treasury yields were rallying. The 10-year Treasury note rose 4 basis points to 4.3% while the 30-year inched up 4 basis points to 4.42%. The 5-year yield popped 5 basis points to 4.33% while the 2-year also rose 5 basis points to 4.74%.
Stock Market Today: Walmart Shines As Stock Splits
The Dow Jones Industrial Average saw early gains evaporate and was fractionally negative in afternoon trades. It saw a gain of more than 100 points evaporate to a loss of more than 70.
Walmart (WMT) was among the strongest performers. It climbed nearly 2% as a 3-for-1 stock split came into effect.
However, it was Salesforce (CRM) that stood out…
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