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The Dow Jones Industrial Average rose, while the Nasdaq came out of the red, closing at highs. You’re here (TSLA) won, even as a rival beat it in the race for a new market. BioNTech (BNTX) jumped after Pfizer (PFE) presented the Covid vaccine booster data. Microsoft (MSFT) has been one of the best first-class players.
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A number of stocks have managed to break above buy points despite uncertain action, including Copart (CPRT), Teak Resources (TEAK), WillScot Mobile Mini (CSM) and Montrose Environment (MEG).
Nasdaq rallies as growth stocks lead
The Nasdaq managed to break out of negative territory, closing 0.8% higher. E-commerce stock eBay (EBAY) was among the top performers, up around 3.6%. Electronic arts (EA) was the worst of the latecomers, dropping nearly 6% amid rumors that its game “Battlefield 2024” is facing a delay.
The S&P 500 also advanced higher, gaining 0.9%. Diamondback Energy (FANG) was among the biggest winners here, closing up 7.8% amid strong strength in oil stocks. On the decline, Wynn Resorts (WYNN) fell more than 6% as casino stocks continue to struggle.
Snapshot of the US Stock Market Today |
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|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Switch |
| Dow jones | (0DJIA) | 34814.13 | +236.56 | +0.68 |
| S&P 500 | (0S & P5) | 4480.88 | +37.83 | +0.85 |
| Nasdaq | (0NDQC) | 15161.53 | +123.77 | +0.82 |
| Russel 2000 | (IWM) | 222.30 | +2.26 | +1.03 |
| MICI 50 | (FFTY) | 49.72 | +0.75 | +1.53 |
Last Modified: 4:04 PM EST 9/15/2021 |
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Almost all of the S&P sectors advanced, with energy and industrials making the biggest gains. Only public services have fallen.
Small caps outperformed, rebounding from yesterday’s difficulties. The Russell 2000 finished with a gain of 1%.
However, growth stocks performed the best once again, with the Innovator IBD 50 ETF (FFTY) up 1.5%.
Dow Jones today: Walgreens stock in the lead
The Dow Jones Industrial Average was also higher, closing with a gain of 0.7%.
Alliance of Walgreens boots (WBA) was the biggest winner, up almost 4%.
The move broke its 200-day line, which currently sits just above the 50-day moving average.
He was closely followed by the energy giant Chevron (CLC), which increased by just over 2%.
Microsoft also did well, closing nearly 2%. It comes after Microsoft announced a $ 60 billion share buyback and also increased its quarterly dividend to 62 cents per share from 56 cents. The action continues to trade closely after losing some momentum following a break in the base of the cup.
Nike (NKE) was the biggest loser for much of the session and closed 0.5% lower. He is losing ground on his key 50-day line. But Cisco SystemsCSCO finished the worst performing on the Dow Jones today, dropping 0.5
Tesla Stock wins despite losing EV race
Tesla’s stock rose, even after it emerged electric vehicle startup Rivian had beaten it to the fist by launching the first all-electric pickup truck.
RJ Scaringe, CEO of Rivian tweeted with photos on Tuesday as the first R1T rolled off the assembly line at its Normal, Illinois plant that morning.
The company has reportedly received regulatory approval to sell and deliver both its R1T pickup truck and R1S SUV in all 50 US states. The R1T electric pickup starts at around $ 67,500.
Tesla CEO Elon Musk previously said his own solution, the Cybertruck, would not go into production until late 2022. Even then, it will be until the end of 23 before volume production begins. .
Tesla rankings stock rose more than 1%. TSLA stock is currently in the buy zone above an alternate entry at 730. A long and deep base also continues to form.
BioNTec stock receives vaccine boost
BioNTech shares rose after Food and Drug Administration released argument made by BioNTech partner Pfizer (PFE) in favor of recalls of the Covid vaccine.
Pfizer said in the document that recent data suggests the vaccine is around 84% effective after four months, compared to 96% the week after the second dose.
“The efficacy against delta infections was over 90% from the start,” Pfizer said. “Vaccine efficacy decreases with increasing time since full vaccination, regardless of variant, and efficacy against delta variant hospitalizations remained high throughout the study period.”
Pfizer wants a booster dose to be given six months after the second dose to maintain effectiveness.
The FDA released the briefing ahead of a key meeting on Friday. A panel of independent experts will debate Pfizer’s recall plan before making a non-binding recommendation to the entire FDA.
BioNTech stock rose 6%, moving further away from its 50-day moving average. Pfizer shares rose slightly.
Oil stocks go buy amid the force
Devon Energy (DVN) managed to break through an aggressive trendline buy point near 29.25. He closed with a gain of over 7%.
DVN stock is also approaching a conventional handle buy point of 30.65. Investors will want to see the security’s relative strength improve in the future.
Oil inventories were inflated after US crude inventories fell for the sixth week in a row, pushing the price of West Texas Intermediate higher.
The bullish action saw Devon Energy join the prestigious IBD Leaderboard list of top growth stocks.
Copart Stock leads names that pass buying points
Copart stock is showing early entry as it bounces off its 50 day line and breaks a trend line. It is also heading towards a flat-based buy point of 149.16.
Long-Term Leader action was added to SwingTrader on Wednesday morning. His excellent performances earned him the nomination of IBD Stock Of The Day for Wednesday.
Jeffrey Liaw, CEO of the North American salvage auto dealer, told investors during the September 9 earnings call that High used car prices generate strong financial returns.
Canadian mining stock Teck Resources, meanwhile, managed to break above a buy point of 26.82 cups, according to MarketSmith analysis.
The stock, which posted strong earnings and market performance, closed a hair below its entry.
WillScot Mobile Mini is in a buy zone after passing a flat base entry of 30.48. Profits are a weakness for the modular space and storage solutions company, however, with an EPS rating of 34 out of 99.
Montrose Environmental rose above a consolidation model buy point of 59.72. He is currently sitting right under that entrance.
The environmental services company is performing very well on the stock market, but the new July 2020 issue has yet to generate profits.
Please follow Michael Larkin on Twitter at @IBD_MLarkin to learn more about growth stocks and analysis.
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