The Dow Jones Industrial Average climbed on Monday, while Digital World Acquisition (DWAC), a Trump-linked entity, tumbled amid legal issues for the former president. Apple (AAPL) and Tesla (TSLA) rallied, while Alphabet (GOOGL) surged. Famed investor Cathie Wood purchased a falling stock.
Additionally, Alphabet, Neurocrine Biosciences (NBIX), and Arista Networks (ANET) are near buy points. The Nasdaq composite rebounded, and PDD Holdings (PDD) performed well. The S&P 500 and Match (MTCH) also had positive performances.
Overall, the stock market showed resilience, with some sectors outperforming while others lagged. Small caps struggled, and growth stocks saw marginal increases. Yields rose ahead of the latest Fed meeting.
In the Dow Jones, Disney, Salesforce, and Caterpillar performed well. Boeing lagged the most. Digital World Acquisition faced a significant decline due to bond issues related to Trump’s legal case.
Cathie Wood bought shares of Roku, Moderna, and PagerDuty. Nvidia and Apple stocks made gains, and Tesla managed to rise despite market headwinds. Meta Platforms, Microsoft, and Amazon had fractional gains.
Several stocks, including Alphabet, Neurocrine Biosciences, and Arista Networks, are nearing entry points. Google-parent Alphabet showed strong performance and Neurocrine Biosciences has a perfect IBD Composite Rating. Arista Networks saw increased buying activity.
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