Dow Jones Closes With AllTime High; Cathie Wood Stock Rallies Investors Business Daily
News Source : Investor's Business Daily
News Summary
- Amazon.com (AMZN) is extended from its 145.86 entry but in a buy zone above a 149.26 alternate buy point.Outside the Dow Jones, MicroStrategy (MSTR) rose over 11% after the company disclosed that it had purchased $616 million in bitcoin ahead of a spot ETF decision by regulators..
- Nike (NKE) continued to drift lower after gapping down below the 50-day moving average on a cautious outlook last week.Among other Magnificent Seven stocks, Tesla (TSLA) rose nearly 2% as it forms a double-bottom base with a buy point of 278.98..
- The Innovator IBD 50 ETF (FFTY) underperformed but made up some losses and finished flat.The yield on the benchmark 10-year Treasury note fell 9 basis point to 3.79% and is at the lowest point since July.Apple (AAPL) erased losses in late trades and gained less than 0.1%..
- The electric-vehicle giant plans on revamping its Model Y vehicle in Shanghai.Nvidia (NVDA) is also just above a buy point of 476.09, also from a double-bottom base..
- The energy, utilities and communication services sectors lagged, while health care, consumer staples and consumer discretionary gained.The Nasdaq reversed and closed nearly 0.2% higher.Volume was higher on the NYSE and on the Nasdaq compared with the same time on Tuesday, according to early data..
- Marathon Digital (MARA) rose over 15% and climbed for the 11th straight day.In the IBD 50, ServiceNow (NOW) has formed a three-weeks-tight pattern with a buy point of 720.68..