This divergence is starting to become more apparent, leading some investors to ponder whether Wall Street is starting to choose sides between traditional industry titans and high-growth tech companies.
Dow Jones Industrial Average: 24,946.51 / +0.3%
Nasdaq: 7,481.99 / +0.0%
S&P 500: 7,481.99 / +0.2%
Zacks Rank #1 (Strong Buy) Top Movers
Stocks opened higher on Friday morning amid continued trade tensions and major merger news. Here’s a shortlist of today’s top movers to keep an eye on as the trading week wraps up!
Several major companies with non-traditional calendars report earnings in the coming days. Make sure to keep an eye on these companies as they prepare to report during the week of March 19!
Analysts appear to be looking for signs of inflation accelerating in our current economy. Yet for every signal that may be happening, we see something else that walks some of that sentiment back. Take this morning’s Housing Starts and Permits reports for example.
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The Federal Reserve meeting is on tap today, with new chairman Jerome Powell set to preside over the proceedings for the first time.
The SPDR Dow Jones Industrial Average ETF (DIA) fell $1.55 (-0.62%) in premarket trading Monday. Year-to-date, DIA has gained 0.70%, versus a 2.75% rise in the benchmark S&P 500 index during the same period.
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