Dow Jones Today, Stocks Open Mixed As Bond Yields Slide; KLA, Fox Upgraded; Merck's $1.2 Bil. Covid Deal
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Summary:
Stocks edged higher after a mixed start Wednesday, with the Dow lagging and the Nasdaq advancing, as a pullback in bond yields accelerated. IBD 50 stocks 360 Digital and Cleveland Cliffs rallied. Chip stocks flexed some early muscle, after a positive White House report and an upgrade for chip equipment maker KLA. And on the Dow Jones today, Apple reached for its fourth-consecutive advance.
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The Nasdaq Composite swung out to a 0.3% advance, whilc the S&P 500 defended a gain of less than 0.1% on the stock market today. The Dow industrials struggled out of the red and into narrow gains, as the index continues to hug support at its 21-day exponential moving average.
Fox (FOXA) and KLA (KLAC) paced the Nasdaq 100 and S&P 500 with gains of 3.1% and 2.4%, respectively. Fox rec ...