Dow Jones Today: Caterpillar Shines After Trump Delays China Tariff Deadline

The stock market today held decent gains Monday, but major stock indexes were near session lows in afternoon trading. In the Dow Jones today, Caterpillar (CAT) was a top gainer after President Trump said he is delaying new tariffs on Chinese imports because of progress in negotiations. The tariffs were set to go into effect March 1.


The Nasdaq composite was up 0.6%; the Dow Jones industrials were up 0.4% and the S&P 500 rallied 0.3%. The Russell 2000 small-cap index edged higher by 0.2%. Volume on the NYSE was tracking slightly higher than Friday’s levels. Nasdaq volume was on pace to be close to Friday. (For updates on this story and other market coverage, visit the Stock Market Today page.)

Dow Jones Today

Other top gainers in the Dow Jones today included Goldman Sachs (GS) and JPMorgan (JPM), helped a bit by rising interest rates. The 10-year Treasury yield edged higher by 2 basis points to 2.67%.

China stocks also rallied sharply. Inside the MarketSmith Growth 250, top gainers included China-listed names like Weibo (WB), (WUBA), Huya (HUYA) and Momo (MOMO), among others. The Shanghai composite soared 5.6% overnight.

IBD’s biotech group was one of the day’s top-performing groups, helped by a huge move in shares of gene therapy firm Spark Therapeutics (ONCE). Roche (RHHBY) agreed to buy Spark for $4.8 billion.

Other gene therapy stocks rallied on the news, including UniQure (QURE), up 30%, and Bluebird Bio (BLUE), up 14%.

Other gainers included Leaderboard stock SS&C Technologies (SSNC). It cleared a cup-shaped base with a 61.07 buy point. The 5% buy zone goes up to 64.12.

Elsewhere, Acacia Communications (ACIA) followed through after Friday’s earnings-inspired breakout. Shares were up nearly 3% after soaring 17.6% Friday.

Shares of Etsy (ETSY) picked up nearly 2% ahead of its earnings report after the close. Etsy recently flashed a sell signal from a 58.40 buy point.


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Originally posted 2019-09-19 23:34:51.


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