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 while 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 around its long-time period 200-day shifting average line.

Stock Market Slips This Dow Jones Stock Sells Off On Earnings 2

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 was redeveloped by constructing the new European Central Bank headquarters. Luxury flats on the Main River, nice coffee bars, and sports and skating grounds exist. The European Central Bank (ECB) construction 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 above a key assist stage in the ultra-modern inventory marketplace — the two hundred-day moving daily. 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. (Go to the Stock Market Today web page for updates on this story and different market coverage.)

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