Title: Stock Market Update: DWAC Tumbles as Apple, Tesla, and Alphabet Surge
The stock market saw a mix of gains and losses today, with the Dow Jones Industrial Average climbing while DWAC, a Donald Trump-linked entity, tumbled amid legal woes for the former president. Apple, Tesla, and Alphabet all rallied, with Cathie Wood also making moves in the market. Here’s a recap of the day’s highlights:
Apple and Tesla Rally, Alphabet Surges
Apple and Tesla both saw gains on the stock market today, with Alphabet surging as well. Famed investor Cathie Wood snapped up a plunging stock, showing confidence in the market despite recent volatility.
Noteworthy Stocks Near Buy Points
Alphabet, Neurocrine Biosciences, and Arista Networks are all eyeing entries as they near buy points. The Nasdaq composite recovered some losses, with PDD Holdings performing well and rallying 4%.
S&P 500 Climbs, Match Fares Well
The S&P 500 climbed 0.6%, with Match performing well as it rose 4.7%. However, the stock remains below its major moving averages. Communication services and consumer staples outperformed, while real estate and health care gave up ground.
Small Caps Lag, Growth Stocks Inched Higher
Small caps lagged, while growth stocks inched higher with the Innovator IBD 50 ETF rising 0.4%. Yields rose ahead of the latest Fed meeting as the 10-year Treasury note and other notes saw gains.
DWAC Tumbles Amid Legal Woes
The Trump-linked entity, Digital World Acquisition, took a tumble after news of legal troubles for the former president. The company fell below the 50-day moving average, but remains in the green for the year.
Cathie Wood Buys On The Dip
ARK Invest Chief Executive Cathie Wood showed she is unafraid of buying on the dip, purchasing shares of Roku and Moderna for ARK Innovation. She also bought and sold other stocks for the firm’s flagship fund.
Magnificent Seven Stocks Progress
The Magnificent Seven stocks made progress, with Nvidia seeing gains fade but still managing to turn in a gain of 0.7%. Apple also rallied, while Tesla stock managed to surge higher despite market headwinds.
Stocks Near Entries
Google-parent Alphabet, Neurocrine Biosciences, and Arista Networks are among the stocks nearing buy points. These companies show strong potential for growth and performance in the coming months.
Overall, the stock market saw a mix of gains and losses today, with some stocks performing well while others faced challenges. Stay tuned for more updates on stock market trends and analysis.
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