[ad_1]
Major market indices were trading at session highs on Tuesday, fueled by two Dow Jones stocks and large cap companies.
X
The Nasdaq and the S & P 500 rose 0.4% each, while the Dow Jones Industrial Average rose 0.3%. Small caps outperformed, with the Russell 2000 up 0.5%. The volume, however, was lighter on the NYSE and Nasdaq compared to the same time on Friday.
Walmart (WMT) climbed and jumped more than 3% to lead the Dow Jones industrialists. Shares are still in the process of buying 99.45 of a cup with handle they paid on Friday, although it is in the light trade. The retail giant announced Tuesday earnings above expectations for the fourth fiscal quarter. It also posted strong sales in comparable stores and in e-commerce.
Among the other winners, Walgreens Boots Alliance (WBA) and Procter & Gamble (PG) has increased by more than 1% each. Walgreens rose above its 50-day moving average, which it found on Friday. Procter & Gamble has reached a new high.
Nasdaq benefited from large capitalization technologies, including FANG shares. Dow Components Apple (AAPL) Microsoft (MSFT) IBM (IBM) Intel (INTC) and whitefish (CSCO) has slightly increased. Amazon (AMZN) and Netflix (NFLX) increased by more than 1% each, while Facebook (FB) and Alphabet (GOOGL) climbed less than 1%.
Apple raises the Dow Jones
Apple, almost flat for seven sessions, grew by 0.5%. The stock rose 20% from the low reached in early January, but remains 26% lower than its peak in early October. Berkshire HathawayThe latest 13-F report from (BRKB) showed Warren Buffett reduced his stake in Apple by nearly 3 million shares.
The iPhone maker has fallen behind Google and Alphabet in the smart home market. But D.A. Davidson said he was "encouraged" by Apple's recent hiring of a former Microsoft executive to run its smart home business. The analyst reiterated a note of purchase on Apple with a price target of 245.
Gold mines, energy carriers and air cargo led the sector's gains in the stock market today. Stocks of drugs, gaming software and homebuilders are lagging behind.
In the IBD 50, Tallgrass Energy (TGE), Arista Networks (ANET) and Kirkland Lake Gold (KL) increased by more than 2% each. Arista broke the 269.59 mark and extended its gains from Friday, when stocks jumped nearly 10% to exceed 200 days. The big move was fueled by Arista's fourth quarter earnings and sales.
But Lululemon Athletica (LULU) reported 3% in low volume, poised to extend its run of losses for a fourth session. The yogawear retailer is slightly below the point of purchase of 152.28 cups with handle it cleared last week.
The innovative IBD 50 ETF (FFTY) edged up 0.1%.
YOU COULD ALSO LIKE:
Canopy growth fears weed supply is too weak to maintain market share
Find the best growth stocks: Separation Gaps and the Art of Escape
Track the current stock market with the big picture
Subscribe to IBD's YouTube Channel
[ad_2]
Source link