Stock Market Mixed as Tech Giants Rise and Yields Cool Off

1 min read
Source: Investor's Business Daily
Stock Market Mixed as Tech Giants Rise and Yields Cool Off
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones and other major indexes were mixed as Nvidia rose on bullish views and Tesla weakened over lower factory output in China, while lawmakers worked to avert a government shutdown. Earnings from Nike and Lululemon impacted retail stocks, with the Dow falling 0.6% and the S&P 500 off 0.1%. Nvidia rose over 2% after positive analyst views, while Tesla fell further below the 50-day moving average due to cuts in output at its Shanghai plant. Apple recovered from a sell-off, Disney fell, and Merck rose. Earnings movers included Lululemon, FedEx, Worthington Steel, ServiceNow, Duolingo, and Arista Networks.

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