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.
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.)