The Dow Jones falters, slipping 150 points as Boeing's 737 Max 9 jet grounding rattles markets. Conversely, Nvidia surges, hitting a record high today.
As the market bell rings, Dow Jones dips by 0.4%, while the S&P 500 climbs 0.35%. Meanwhile, the tech-savvy Nasdaq gains a solid 1% in the morning hustle.
Exchange-traded funds track the market: Invesco QQQ Trust (QQQ), a Nasdaq 100 tracker, rises 1%, while SPDR S&P 500 ETF (SPY) rises 0.3%.
The 10-year Treasury yield nudges to 4.05%, and oil prices retreat over 3% after last week's rally, dipping below $72 a barrel.
Boeing's stock plummets by 8% on the FAA's 737 Max 9 grounding, compared to Coinbase's 2.5% decline despite good ratings.
Eyes on inflation reports this week: the December consumer price index on Thursday and Friday's producer price index. Plus, major banks kick off Q4 earnings season.
Markets conclude nine-week winning streak: Nasdaq up 0.1% but trails below the 21-day moving average. Dow Jones and S&P 500 dip by 0.6% and 1.5%, respectively.
Market's confirmed uptrend amidst a modest pullback. Watch for sell signals and adapt to market changes with insights from IBD's The Big Picture column.
Amgen just out of buy range, Caterpillar eyes buy trigger, and Visa maintains buy range, reflecting varied stock movements in the market.
Key stocks in focus: Google tests crucial levels, Netflix eyes breakout, Novo Nordisk remains above buy point, and Snowflake rebounds from recent declines.
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