Dow Jones drops 100 points as McConnell says no to Schumer. 8 Blue-Chip stocks near the buy point

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite fell from their highest session highs in the afternoon session on Tuesday, with three trading days remaining in 2020. Apple stock hit an all-time high in the Dow today, while Chinese stocks Such as Bindowdu (PDD), (Dinar) And the Baidu (StartOutperformed the Nasdaq 100.


Baidu stock continues to show bullish technical movement, as it trades tightly and settles near highs after rising 19.5% during the week ending December 18th.

Small businesses performed the worst, with the Russell 2000 Index down 2%. But after eight consecutive weekly gains for the Small Business Index, some consolidation should be expected. Selling was quieter in the broad market, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite dropping 0.1% to 0.3% at around 1:33 PM ET. Volume on the New York Stock Exchange and Nasdaq were lower compared to the same time on Monday.

The stock market weakened slightly after Senate Majority Leader Mitch McConnell halted an attempt by Senate Minority Leader Chuck Schumer to unanimously approve the $ 2,000 coronavirus aid incentive checks approved on Monday by the Democratic-controlled House of Representatives.

An overview of the US stock market today

index Code price Profit / loss % They change
Dow Jones (0DJIA) 30300.33 -103.64 -0.34
Standard & Poor’s 500 (0S & P5) 3728.41 -6.95 -0.19
Nasdaq (0NDQC ) 12851.45 -47.97 -0.37
Russell 2000 (etc.) 193.87 -4.40 -2.22
IBD 50 (fifty) 40.29 -0.58 -1.42
Last update: 1:12 PM ET 12/29/2020

The Nasdaq Composite has expanded slightly at 7% above its moving average. A market downturn can happen at any time, however Number of days of distribution For the S&P 500 and the Nasdaq it is still relatively light, with four days of distribution on the S&P 500 and three days on the Nasdaq. Of the four days of the S&P 500 distribution, three showed a slight decline of 0.3% to 0.5%. Read The Big Picture Every day to keep up with the market trend, stocks and leading sectors.

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Dow Jones stocks are worth seeing

Amid many calls for a downturn in the stock market, there is no shortage of stocks in the Dow that could be ripe for bullish breakouts.

an Apple (AAPL) Retreated from its gains after hitting an all-time high of 138.06. Stocks were strong early on Upcoming comments From Jane Munster, Senior Apple Analyst. Apple has joined Leaderboard On December 1st when it broke above the trend line. An alternative acquitted Right entry From 125.49 when it opened on December 15th.

JP Morgan (JPMStill in a buying range from the entry level of 123.60 upon a long and deep consolidation. Financial stocks were buoyed by higher Treasury yields and widening profit margins. JPMorgan reports its earnings on January 15th, along with Citigroup (C), PNC Financial Services (PNC) And the Wells Fargo (WFC).

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visa (Fifth) Appears poised for its third straight gain, up 1% to 214.75, with a Flat base With 217.75 Point purchase. Please read this Visa piece For further analysis of CAN SLIM.

American Express (AXP) On November 9th and has done a good job keeping the gains ever since. He still has ways to find an alternative Point purchase At 125.42, up 10 cents above the intraday high on Dec 4th.

Coronavirus vaccine stocks Johnson & Johnson (JNJNear the top of a long consolidation with 155.20 buy points.

Coca Cola (KO) Is in a bullish technical position as it is located just below the Buy Point 54.72. Microsoft (MSFT) And the travelers (TRVNot far from buying points either.

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IBD 50 Movers

Growth stocks came under pressure for the second straight session on Tuesday. After down nearly 2% on Monday, the Innovator IBD 50 ETF (fifty) Fell an additional 1.3%, weighed by weakness in Digital turbine (Applications), Smith & Wesson (SWBC), Cramping (CHGG) And the Trade office (TTD). (AMZN) Outperformed at IBD 50, Up 1.5%, after breaching the trend line on Monday.

inside 250 plant-growing projectsSeveral leading biotech stocks have come under intense selling pressure. Medicine released (Modification), Antilia Treatments (right Now), Ultragenyx pharmacokinetics (rare) And the Biology Evolution (TWSTIt showed losses ranging from 12% to 14%.

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