By Staff Reporters
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The S&P 500 and NASDAQ fell on Thursday, weighed down by drops in Tesla and Netflix following their quarterly results, but the Dow advanced for a ninth straight day thanks to gains in Johnson & Johnson following a strong annual forecast.
Here is where the major market benchmarks ended:
- The S&P 500 Index was down 30.85 points (0.7%) at 4,534.87; the Dow Jones industrial average was up 163.97 points (0.5%) at 35,225.18; the NASDAQ Composite was down 294.71 points (2.1%) at 14,063.31.
- The 10-year Treasury note yield (TNX) was up about 11 basis points at 3.846%.
- CBOE’s Volatility Index (VIX) was up 0.22 at 13.98.
Consumer Discretionary stocks, which are considered to have greater exposure to recession than other companies, were among the weakest performers Thursday. Technology stocks also struggled, with the NASDAQ posting its lowest close since July 12th and the Philadelphia Semiconductor Index (SOX) tumbling over 3%.
Health care and utilities, generally considered more recession-proof, were the strongest performers.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Investing | Tagged: CBOE, DJIA, DOW, health care, NASDAQ, Netflix, S&P 500, SOX, Tesla, TNX, Treasury yields, utilities, VIX |
















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