The Nasdaq is lower. The S&P is almost unchanged. Dow index higher. Doubt tries for the ninth straight positive day. The S&P and NASDAQ have gained 7 of the last 8 trading days. Earnings from Tesla and Netflix last night sent these stocks lower with Tesla down -4.0% and Netflix down -7.36%.
A snapshot of the market 6 minutes after opening showing:
- The Dow Industrial Average rose 158 points, or 0.45%, to 35,219.30
- The Standard & Poor’s Index fell -4.7 points, or -0.10%, to 4,561.01.
- The Nasdaq Index -71.27 points, or -0.50%, at 14,286.75
Johnson & Johnson leads the Dow, reporting better-than-expected earnings. Their shares increased by 3.38%. IBM also reported yesterday that it was up 1.97%. Travelers – also reported – up 1.59%. They are driving the Dow higher.
Intel shares fell -1.96%.