Stock Market Today: Dow Leads
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Investor's Business Daily on MSNStock Market Today: Dow Ends Off The Day's High, S&P Hits New Record; Tesla Does This As Earnings Loom (Live Coverage)The Dow Jones Industrial Average led the major indexes Tuesday. Homebuilder stocks rallied after two leaders posted positive earnings results.
Dow Jones gains on strong healthcare and financials while Nasdaq drops as tech stocks retreat, signaling sector rotation in US indices today.
The nearest resistance level for Dow Jones is located in the 44,600 – 44,700 range. A successful test of this level will open the way to the test of the next resistance at 45,000 – 45,100. RSI is in the moderate territory, so there is plenty of room to gain momentum in the near term.
The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.
The Dow Jones Industrial Average is set to achieve a golden cross today, a potentially bullish sign for the index. Golden crosses happen when the short-term moving average of a stock or index passes its long-term moving average,
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Shares in retailer Kohl's jumped as investors discussed whether it was the next meme stock. Coca-Cola reported mixed quarterly results, while Philip Morris quarterly revenue missed forecasts. Lockheed Martin 's quarterly profit was hit by more than $1.
Stocks were taken on a wild ride Wednesday as a White House official indicated to CNBC that Trump was moving closer to firing Powell from his post as Fed Chair.
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Investor's Business Daily on MSNDow Jones Futures: Circle, Growth Plays Lag Solid Market; Tesla, Google, GE Vernova Earnings DueThe stock market was strong Tuesday outside growth. SAP led earnings movers late. Tesla, Google and GE Vernova are due Wednesday.