Dow Jones Rally Led By Caterpillar; Apple Holds Up Ahead Of Earnings

The Nasdaq composite remained under pressure in afternoon trading Tuesday, down around 0.7%. But selling was less intense in the Dow Jones and S&P 500. Nvidia (NVDA), Advanced Micro Devices (AMD) and Facebook (FB) lagged in the Nasdaq 100 with losses of more than 2%. Microsoft (MSFT) and Verizon (VZ) underperformed in the Dow Jones.


Verizon had been under pressure ahead of today’s earnings report. Shares slumped more than 2% as Verizon tests support at the 200-day moving average. Facebook, meanwhile, was down 2% ahead of Wednesday’s earnings report. Apple (AAPL) held up the best among the FAANG stocks, down just 0.1%. Earnings are due after the close today.

Dow Jones Gainers

The Dow Jones added 0.2%, helped by solid showings from Pfizer (PFE), Caterpillar (CAT) and United Technologies (UTX). The S&P 500 eased about 0.1% and the Russell 2000 small-cap index edged up 0.2%. (For updates on this story and other market coverage, visit the Stock Market Today page.)

In the stock market today, Woodward (WWD) broke out powerfully, rising 16% to 89.59. It’s trying to break free from a long consolidation with a conventional entry at 89.40. Strong earnings late Monday was the catalyst. The company makes control systems for the aerospace and industrial markets.

In related news, aerospace firm Transdigm Group (TDG) surged 7% to 375.74 after the company announced bullish preliminary results. It’s trying to clear a base with a conventional entry at 375.50. Transdigm is on the Leaderboard watch list.

Inside the MarketSmith Growth 250, China-based Pinduoduo (PDD) extended gains after a breakout from a cup-with-handle base. Now it’s trying to clear the base’s left-side high of 30.48. Shares were recently trading around 29.98, up more than 3%.

HCA Healthcare (HCA) added 3% to 136.06. It’s trying to clear a cup-with-handle base with a 136.19 entry.

On the downside, Square (SQ) plunged 10% after Raymond James made negative comments.


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Originally posted 2019-09-19 23:32:15.


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