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The Dow Jones Industrial Average and the other major stock indexes held steady Friday, as Wall Street digested weaker-than-expected retail sales along with consumer sentiment data. Meanwhile, Applied Materials (AMAT) and Reddit (RDDT) were big movers on the stock market today.
In late-morning trade, the Russell 2000 small-cap index outperformed with a gain of 0.3%, while the tech-heavy Nasdaq composite gave back 0.4%. The Dow and S&P 500 eased 0.2%. At 10 a.m. ET, the latest reading on consumer confidence from the Univ. of Michigan came in weaker than expected at 51 vs. expectations of 54.5.
The Nasdaq 100 also edged lower by 0.3%, but the Roundhill Memory (DRAM) exchange traded fund held a gain of just over 1%. Sandisk (SNDK) jumped more than 7%, helped by a JPMorgan upgrade to overweight from neutral, citing a strong margin outlook. Sandisk is trying to reclaim its 50-day moving average.
West Texas Intermediate crude futures moved up near $81.70 a barrel. The 10-year Treasury yield added four basis points to 4.68%. Bitcoin fell to around $62,600.
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In late-morning trade, the Russell 2000 small-cap index outperformed with a gain of 0.3%, while the tech-heavy Nasdaq composite gave back 0.4%. The Dow and S&P 500 eased 0.2%. At 10 a.m. ET, the latest reading on consumer confidence from the Univ. of Michigan came in weaker than expected at 51 vs. expectations of 54.5.
The Nasdaq 100 also edged lower by 0.3%, but the Roundhill Memory (DRAM) exchange traded fund held a gain of just over 1%. Sandisk (SNDK) jumped more than 7%, helped by a JPMorgan upgrade to overweight from neutral, citing a strong margin outlook. Sandisk is trying to reclaim its 50-day moving average.
West Texas Intermediate crude futures moved up near $81.70 a barrel. The 10-year Treasury yield added four basis points to 4.68%. Bitcoin fell to around $62,600.
See All Names On The IBD Breakout Stocks Index
#NASDAQ
