The Dow Jones Industrial Average scored another all-time high Wednesday despite dull trading. The blue-chip index closed 0.3% higher.
The S&P 500 traded sideways in the early going and eked out a 0.1% gain at the close of trading in the stock market today. The energy, utilities and communication services sectors lagged, while health care, consumer staples and consumer discretionary gained.
The Nasdaq reversed and closed nearly 0.2% higher.
Volume was higher on the NYSE and on the Nasdaq compared with the same time on Tuesday, according to early data. Advancers beat decliners by less than 2-to-1 on both exchanges.
The small-cap Russell 2000 continued to build upon its recent gains and rose 0.3%. The Innovator IBD 50 ETF underperformed but made up some losses and finished flat.
The yield on the benchmark 10-year Treasury note fell 9 basis point to 3.79% and is at the lowest point since July.
Dow Jones Stocks
Apple erased losses in late trades and gained less than 0.1%. The Dow leader was just above 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 fell but remained in a buy zone above a buy point of 366.78 in a cup base.
Caterpillar remains in a buy zone above a buy point of 293.88. Nike 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 rose nearly 2% as it forms a double-bottom base with a buy point of 278.98. Tesla has already topped an alternate entry at 252.75. The electric-vehicle giant plans on revamping its Model Y vehicle in Shanghai.
Nvidia is also just above a buy point of 476.09, also from a double-bottom base. Google parent Alphabet fell but remained just above a handle entry of 139.42. Amazon.com is extended from its 145.86 entry but in a buy zone above a 149.26 alternate buy point.
Outside the Dow Jones, MicroStrategy rose over 11% after the company disclosed that it had purchased $616 million in bitcoin ahead of a spot ETF decision by regulators. MSTR has rallied over the past three months, but its Composite Rating lags at 69.
Among other crypto stocks, Coinbase, a holding of Ark Invest fund manager Cathie Wood, rose to levels last seen in April 2022. Marathon Digital rose over 15% and climbed for the 11th straight day.
In the IBD 50, ServiceNow has formed a three-weeks-tight pattern with a buy point of 720.68. ACM Research is now extended from a buy point of 18.75.
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