The market had a slow day as the morning trade turned lower as the Dow Jones Industrial fell about 50 points on February 6.
The Dow Jones Industrial Average [DJI] surged by 0.08% from 25,371.57 to 25,390.30. This surge was of 21.22 points. Since January 3, the index has been mildly bullish from 22,686, but it fell today by 50 points.
Among the Dow Jones stocks, Disney witnessed a trend chang and fell 0.3% after the blue-chip stock beat the fiscal-Q1 earnings forecast after the market closed on Tuesday, reported Investor’s Business Daily. The stock of the company is approaching a 120.30 buy point, as it trades above its 50-day line.
On the other hand, Intel gained almost 1%, giving it a win for straight four trading sessions. During this streak, Intel stock regained its 50- and 200- day moving average lines.
As per the IBD Stock Checkup, the highest-possible 99 IBD Composite Rating is reserved by Paycom Software. This rating is a mix of key fundamental and technical metrics. In the meantime, the Rs, the software stock’s line is at new highs, indicating market outperformance.
In recent news, Dow Jones sustainability index has removed Plam oil giant Golden Agri-Resources. Twitter handle of Friends of the Earth tweeted this and said:
“VICTORY! @DowJones Sustainability Index just removed @GAR_Sinarmas — a massive #palmoil company — from its list of sustainable companies. Companies that have caused widespread environmental destruction have no place being greenwashed as sustainable.”
While another Twitter user @LoHamptons, said:
“Hot stocks 🔥🔥🔥🔥 to watch #sprint #bcs @Buy_Stocks_Now #NASDAQ #dowjones snatch them now !!!!! #investments #stockstowatch #hotstocks”