Major Averages Posting Modest Losses As Fed Announcement Looms
WASHINGTON (dpa-AFX) - Largely mirroring the activity seen in the previous session, stocks continue to turn in a lackluster performance in mid-day trading on Wednesday. While the Dow has been stuck in the red, the broader Nasdaq and S&P 500 have spent the day bouncing back and forth across the unchanged line.
Currently, the major averages are posting modest losses. The Dow is down 149.31 points or 0.4 percent at 33,835.62, the Nasdaq is down 50.11 points or 0.4 percent at 14,040.10 and the S&P 500 is down 2.82 points or 0.1 percent at 4,183.90.
The choppy trading on Wall Street comes as traders remain reluctant to make significant moves ahead of the Federal Reserve s monetary policy announcement this afternoon.
New Moon on Monday, Fair Warning on Semis and Small-Caps, Ballad of Nvidia, IBM Always, always, always stick to your rules. Always. This is why we have targets, pivots and panics.
Apr 20, 2021 | 07:44 AM EDT
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Nasdaq Pulls Back Sharply But Dow Holds On To Modest Gain
WASHINGTON (dpa-AFX) - Stocks came under pressure over the course of the trading day on Wednesday after moving to the upside early in the session. Reflecting weakness among technology stocks, the tech-heavy Nasdaq led the way lower.
After jumping by 1.1 percent in the previous session to its highest closing level in nearly two months, the Nasdaq slumped 138.26 points or 1 percent to 13,857.84.
The S&P 500 also slid 16.93 points or 0.4 percent to 4,124.66 after reaching a new record intraday high in early trading.
On the other hand, the Dow pulled back well off its best levels of the day but still closed up 53.62 points or 0.2 percent at 33,730.89. The blue chip index also set a new record intraday high before giving back ground.
Nasdaq Firmly Positive In Mid-Day Trading, Dow Nearly Unchanged
WASHINGTON (dpa-AFX) - Stocks are mostly positive in mid-day trading on Thursday after showing a lack of direction earlier in the session. The tech-heavy Nasdaq has shown a notable move to the upside on the day, reaching its best intraday level in well over a month.
Currently, the Nasdaq is up 125.24 points or 0.9 percent at 13,814.08 and the S&P 500 is up 14.95 points or 0.4 percent at 4,094.90 Meanwhile, the narrower Dow is nearly unchanged, up 7.98 points or less than a tenth of a percent at 33,454.24.
The advance by the Nasdaq partly reflects strength among big-name tech stocks, with Tesla (TSLA), Apple (AAPL) and Microsoft (MSFT) posting notable gains.
U.S. Stocks Turning In Another Mixed Performance In Morning Trading
WASHINGTON (dpa-AFX) - After ending the previous session on opposite sides of the unchanged line, the major U.S. stock indexes are turning in another mixed performance in morning trading on Thursday.
The tech-heavy Nasdaq has climbed firmly into positive territory, while the S&P 500 has edged up to a new record intraday high.
Currently, the Nasdaq is up 86.92 points or 0.6 percent at 13,775.76 and the S&P 500 is up 8.17 points or 0.2 percent at 4,088.12.
The narrower Dow is bucking the uptrend, however, with the blue chip index slipping 50.13 points or 0.2 percent at 33,396.13.