The Dow Jones Industrial Average and other major stock indexes fell from their highs after February’s jobs report beat expectations for the second month in a row. A day after Mizuho stock rose, NVIDIA stock outperformed early on today’s stock market. NvidiaMr. Miss(NVDA) The target price is 1,000. However, the early 5% rise largely disappeared, with the stock down more than 3% in afternoon trading.
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Nvidia stock is starting to look like it’s at an all-time high, and a near-term pullback is increasingly likely.
iShares Russell 2000 ETF (I.W.M.) rose 1.6% during the day, but the rate of increase slowed to about 0.4%.
Includes today’s top gainers in the Dow Jones sales force (CRM), added just over 1%. Salesforce continues to perform well after emerging from a 19-week consolidation on November 30th. apple (AAPL) led the Dow Jones index with a gain of about 2%, but Apple stock remains on a steady decline as Wall Street worries about slowing iPhone demand, among other things.
broadcom (AVGO) fell more than 6% despite a strong earnings report. The company had expected sales of AI chips to reach $10 billion this year, but investors ignored the news.
Several AI stocks rose early. super microcomputer (SMCI), but the 6% intraday gain disappeared into a nearly 4% loss.
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internal Rapid market growth 250, samsara (IoT) soared more than 13% after reporting strong earnings. Investors also took note of the better-than-expected earnings outlook. Samsara continues to see strong demand for sensors and cloud-based software to manage fleets and industrial operations. Samsara broke out of a 12-week price decline today with heavy volume.
stock market today
The Nasdaq Composite Stock Price Index once again hit a record high, rising 1.1% in the first hour of trading, but the index reversed and fell 0.5%. The S&P 500 also hit an all-time high early on, but fell slightly, down 0.2%. The Dow Jones Industrial Average rose 0.1%. Volume on the Nasdaq and New York Stock Exchange increased compared to the same period on Thursday.
The range was strong early on but has weakened, with advancers outnumbering decliners less than 2-to-1 on the Nasdaq. Bread was nearly 2-1 positive on the New York Stock Exchange.
Before the jobs report was released, the yield on the 10-year U.S. Treasury had fallen 3 basis points to about 4.06%. The yield was flat at around 4.09% in early afternoon trading.
stock market is moving
internal Rapid market growth 250, some of the highest-rated growth stocks rose significantly. Bitcoin related stocks outperformed. marathon digital (Mara) and coinbase (coin), rose 8% and 6%, respectively. However, both have fallen from their session highs.
square parent block (square), which rose 4% and gave an early buy signal. The company’s stock continues to rise sharply after a sharp rise in profits two weeks ago. It is still under the alternate 83.29 handle entry.
small sushi chain Kura Sushi (Cruz) is testing the 10-week moving average to form a cup-with-handle base with an overall rating of 93 and a buy point of 108.22.
But the news at the time wasn’t very good costco (Fee) and database software companies. Mongo DB (MDB), both saw their profits plummet.
Costco’s stock price fell to its 21-day exponential moving average on the stock market today after the company missed out on revenue. Costco was one of the first stocks to exit the market when the Nasdaq Composite and S&P 500 marked their follow-through dates in early November.
MongoDB trimmed its losses after reporting better-than-expected earnings and revenue and found support at its 200-day line. However, the company expects sales for the current fiscal year, 2025, to be lower than expected.
Follow Ken Shreve on X @IBD_KShreve Get more stock market analysis and insights.
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