Stock Market Slips This Dow Jones Stock Sells Off On Earnings

by Marie Rodriguez

The inventory market changed into quietly decreasing as company income continued to set the tempo. The Dow Jones industrials misplaced much less than 50 factors in the modern inventory marketplace, weighed down utilizing Dow Jones stock Goldman Sachs (GS). Chinese stock leader Alibaba (BABA) fell beneath its recent buy factor, at the same time as top growth stock Atlassian (TEAM) hit a new all-time high. Among trade traded funds, the Innovator IBD 50 Fund (FFTY) gained 0.2%, indicating that pinnacle boom shares outperformed the important stock indexes Monday. The ETF is once more trying to surpass resistance round its long-time period 200-day shifting average line.

FRANKFURT AM MAIN, GERMANY – MARCH 09: A BMX rider jumps over a nail plate at an ‘Osthafen’ bridge arch with the new headquarters of the European Central Bank (ECB) and the skyline of Frankfurt in the background on March 9, 2015, in Frankfurt am Main, Germany. The formerly economically disadvantaged part of the city around the east harbor redeveloped in step with constructing the new European Central Bank headquarters. There are Luxury flats on the Main river, nice coffee bars, and sport and skater grounds. The construction of the European Central Bank (ECB) will be officially inaugurated on March 18, accompanied by protests of the “Blockupy” movement. (Photo by Thomas Lohnes/Getty Images)

Current Stock Market Action

The tech-heavy Nasdaq composite moved down 0.21%. The S&P 500 fell to zero. 15%, even as the Dow Jones industrials dropped 0.17%. The Nasdaq is up approximately 20%, while the S&P 500 won about 16%. The Dow has risen around 13%. After solid profits in the latest trading periods, the Nasdaq is nicely above a key assist stage in the ultra-modern inventory marketplace — the two hundred-day moving every day. MEANWHILE, the S&P 500 and Dow Jones industrials also traded above that line, with the S&P 500 above lengthy-term resistance near 2800. (For updates in this story and different market coverage, go to the Stock Market Today web page.)

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