The Dow Jones Industrial Average held a humble summation successful day trading. Nike banal and Walgreens banal were the apical gainers successful the Dow Jones today. The different large banal indexes were mostly unchanged arsenic wealth flowed retired of bonds. The 10-year Treasury output spiked 6 ground points to 1.54%. It was a notable determination for the 10-year yield, which moved decisively supra its 50-day moving average.
X
Nike (NKE) is backmost supra its 50-day moving average, but not by overmuch aft a crisp interruption of the enactment level earlier this month. Walgreens Boots Alliance (WBA) looked poised for its sixth consecutive summation successful airy volume.
Chevron (CVX) lagged successful the Dow Jones, but the banal rallied disconnected lows and was down lone 0.3%. It's adjacent the apical of a bargain portion aft a breakout from a lengthy consolidation successful October. Also successful the Dow Jones, Coca-Cola (KO) extended gains aft the banal gave a bargain awesome connected Dec. 13. It's inactive successful the 5% bargain portion aft a breakout from a 20-week consolidation.
Outside The Dow Jones
The large leap successful the 10-year output weighed connected the Nasdaq composite, which was down 0.3%. The Invesco QQQ Trust (QQQ), which tracks the show of the Nasdaq 100, dipped 0.2%. Advanced Micro Devices (AMD) and Nvidia (NVDA) were among the worst performers successful the Nasdaq 100, down 3% and 1.7%, respectively.
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 36492.15 | +93.94 | +0.26 |
| S&P 500 | (0S&P5) | 4789.36 | +3.01 | +0.06 |
| Nasdaq | (0NDQC ) | 15738.85 | -42.87 | -0.27 |
| Russell 2000 | (IWM) | 222.78 | +0.03 | +0.01 |
| IBD 50 | (FFTY) | 45.89 | +0.26 | +0.57 |
Last Update: 1:14 PM ET 12/29/2021 |
||||
Micron Technology (MU) outperformed successful the Nasdaq 100, up astir 4%. MU banal was beardown aft Samsung said it's reducing accumulation astatine its NAND representation spot plants successful Xi'an, China, owed to a spike successful Covid-19 cases.
The S&P 500 was mostly flat, but Western Digital (WDC) was different beneficiary of the Samsung news. WDC banal jumped 5.5%. Retailers Target (TGT) and Dollar General (DG) besides outperformed successful the S&P 500.
IBD Growth Screens
The Innovator IBD 50 ETF (FFTY), which tracks the show of top-rated maturation stocks successful the IBD 50 index, added 0.6%, helped by beardown performances from Zim Integrated Shipping Services (ZIM) and Alpha & Omega Semiconductor (AOSL). Chip stocks stay a bully pouch of enactment successful the banal market.
FFTY is beneath its 40-week moving mean and astir 13% disconnected its high. But it looks a batch amended than chap maturation ETF Ark Innovation (ARKK), which is much than 40% disconnected its high.
Inside the MarketSmith Growth 250, Star Bulk Carriers (SBLK) could effort to interruption retired implicit a trendline soon. That would correspond with a determination implicit the stock's caller precocious of 22.75.
Several apical stocks successful the MarketSmith Growth 250 are holding gains aft breakouts, including Alcoa (AA), Leaderboard banal Arista Networks (ANET) and trucking steadfast ArcBest (ARCB).
Time The Market With IBD's ETF Market Strategy
Technical breakouts were sparse Wednesday, but Huntsman (HUN) delivered one. Shares jumped 3.6%, topping a 34.57 entry. Also successful the chemicals sector, Valvoline (VVV) extended gains arsenic it tries to interruption retired implicit a 37.51 entry.
Follow Ken Shreve connected Twitter @IBD_KShreve for much banal marketplace investigation and insight.
YOU MAY ALSO LIKE:
Why This IBD Tool Simplifies The Search For Top Stocks
Want To Get Quick Profits And Avoid Big Losses? Try SwingTrader
Best Growth Stocks To Buy And Watch
IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today
English (US) ·