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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.
The S&P 500 and Nasdaq are rising in premarket trading. Treasury yields are up and Bitcoin prices are climbing.
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.
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.