Nasdaq’s decline defies bullish exchange breadth data

The Nasdaq Composite fell 0.2% in midday trade, as weakness in the index’s biggest components offset bullish breadth data. The number of advancing stocks outnumbered declines 1,449 to 1,167, and volume in advancing stock accounted for 53.8% of total volume.

The market-capitalization weighted index was lower, however, as shares of the four largest companies by market cap were all fell. Apple Inc.’s stock fell 0.3%, Amazon.com Inc. shares shed 1.2%, shares of Microsoft Corp. slid 1.2% and Alphabet Inc.’s stock gave up 0.3%.

Meanwhile, the Dow Jones Industrial Average rallied 198 points and the S&P 500 advanced 0.2%.

Source: Marketwatch

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Sumber : bpfnews.com

Stock market erases gains; Nasdaq’s 77-day win streak in jeopardy

Early gains on Wall Street fizzled out with the S&P 500 and Nasdaq Composite trading in negative territory on Tuesday as tech and energy sectors came under pressure.

Stocks earlier shook off President Donald Trump’s decision to replace Secretary of State Rex Tillerson, choosing Central Intelligence Agency Director Mike Pompeo to take over the role.

Stocks rallied earlier after closely watched consumer-inflation data was in line with expectations, helping to placate worries rising prices would hasten interest-rate hikes by the Federal Reserve.

The S&P 500 index was down 0.4% at 2,773. Losses in the energy, technology and financials sectors outweighed gains in the rest of the market.

The Dow Jones Industrial Average % which earlier was up as much as 181 points, fell 101 poitns, or 0.4%, to 25,077. General Electric, American Express and Microsoft Corp were leading the losses.

The Nasdaq Composite Index retreated from an intraday record high set earlier, to trade 64 points, or 0.8%, lower at 7,524. If the index closes lower, it will break a seven-day winning streak.

Source: Marketwatch

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Sumber : bpfnews.com