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Stock Market Today: Dow Advances Amid Shutdown Worries; Buffett Eyes Massive Deal (Live Coverage)
Nvidia stock dropped 0.7% Wednesday premarket, threatening to snap a four-day winning streak. Shares broke out past a 184.48 buy point Tuesday, per IBD MarketSurge, hitting a record high. Finally, Tesla shares moved 0.3% lower, on pace to end a three-day win streak. Shares are extended above a 367.71 buy point following strong gains in September.
Investors kick off the week monitoring Washington, D.C., to gauge the threat of a government shutdown as gold prices soar and the dollar drops.
U.S. stocks rose to more records as Wall Street still doesn’t seem to care much about the latest shutdown of the U.S. government.
Dow Inc. stock is down 56% amid high costs and weak demand. Click for why I see DOW offering a buy opportunity as recovery is expected from 2025.
Amgen and Merck both climbed more than 5%, to push the Dow Jones Industrial Average up 0.1% to its second straight record. Thermo Fisher, Biogen and Eli Lilly were among the top gainers in the S&P 500, which added 0.3%. Pfizer rose 6.8% and Johnson & Johnson added 0.3%.
Stock futures, Treasury yields, and the dollar pointed lower and safe-haven gold futures reached a new record high Tuesday, hours ahead of a deadline for congressional leaders to keep the U.S. government open.
Dow Inc. (NYSE:DOW) is the producer of polyethylene and other commodity chemicals that are used as raw materials in packaging and consumer product industries.