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The stock indexes were virtually stable Thursday afternoon, without consequence of the premature end of the nuclear summit in Vietnam between President Donald Trump and North Korea Kim Jong Un. Stocks today including motion Monster Beverage (MNST) in the Nasdaq 100, which climbed 10% on solid earnings. In the Dow Jones today, Coca Cola Stock (KO), Johnson & Johnson (JNJ) shares and Walmart (WMT) outperformed with gains of about 1%.
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The Dow Jones, S & P 500 and Nasdaq industrial composites were mixed and virtually unchanged. NYSE and Nasdaq volume was close to Wednesday's levels. (For updates on this story and other market coverage, visit Stock Market Today.)
JD.com (JD) was another good Nasdaq 100 gain, up 5% on solid earnings. The stock, however, remains at 41% of its peak and meets some resistance to the 200-day moving average.
Actions today in motion
In stock market news Thursday, health care providers also made progress on profits. Amedisys (AMED) and LHC Group (LHCG). Both reversed higher after initial weakness.
Horizon Pharma (HZNP) reached a new high after the company said its treatment for thyroid and eye disease had worked well in a phase III study. Shares surged nearly 5% Wednesday on solid profits.
Ansys (ANSS) posted bullish results, but the software maker's shares were off the highs of the session. Peer group Autodesk (ADSK), on the ranking watch list, presents his report after the close of the day.
Within IBD 50, the most successful growth stocks are Ulta Beauty (ULTA). Shares rose by more than 1%. Recent gains appeared in light volume after an escape over a 294.54 handle entry.
Several IBD 50 real estate investment trusts (REITs) also advanced. American Tower REIT (AMT), which owns cellular towers, has grown more than 2%. Store Capital (STOR), owner of single-tenant commercial real estate, and MGP (Managment Growth Properties), which owns and rents casino properties, added more than 1%.
Real estate ETFs currently trading in the stock market include the iShares U.S. Real Estate (IYR), up 1.1%, and the Vanguard Real Estate Index Fund (VNQ), up 0.7%.
In other stock market information today, shares of Celgene (CELG) plunged 8% after a major shareholder of Bristol-Myers Squibb (BMY) said Bristol-Myers is not expected to pursue a $ 74 billion merger with Celgene. Bristol-Myers was up 2% on news.
On the economic front, the first quarter gross domestic product data was better than expected. The economy grew at a rate of 2.6%, higher than the consensus estimate of 2.2%.
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