The Nasdaq became the leading leader from the Dow on the stock market today as was Netflix (NFLX) ahead of its Q1 report and its shared industry earnings news Dow Jones.
Dow Jones industry managed to cut 0.5% gain to 0.3%. The Nasdaq rose by 0.4%, and the S&P 500 defended 0.2%. (For updates on this story and other market coverage, please visit the Stock Market Today.)
Johnson & Johnson (JNJ) leaked almost 3% to fix the speed of the Dow. Western Digital (WDC) jump to the top of the Nasdaq 100 after upgrading an analyst. Fresh IPO Jumia Technologies (JMIA) again opening the trade.
On the other hand, Bank Of America (BAC) traded more than 2% lower on mixed fruit in the first quarter. Trucking leader and logistics JBHunt Transportation (JBHT) fell 4% after a weak report of the first quarter of Monday.
A busy schedule of post hours on Tuesday includes quarterly reports IBM (IBM), United Airlines (UAL), Mellanox Technologies (MLNX) and railway CSX (CSX), as well as Netflix.
Today's Stock Market: Benchmarks adjacent to the Higher Schemes
The market is still in the heart of assurance, and despite Monday's mild losses the S&P left 500 but 1.2% higher than ever since September. The Nasdaq was 2% below its peak. Dow Jones Industrial Media closed 2.1% from its October record.
The major market indices are also crossing a number of other important technical levels as they approach last year's highlights. To see why vendors often emerge when large indexes reach new highlights, read the big picture.
See the General Market Indicators chart page here.
Dow Jones: Johnson & Johnson, UnitedHealth
Johnson & Johnson increased 2.6% gain, after having 2% earnings and increased incomes were not attributable to the first quarter enough to the views of top analysts. Management contributed to the company's earnings growth prospects for 2019, based on strong performance in the first quarter in its pharmaceutical division. Monday's J&J shares completed 2.6% under the purchase point of 140.10 in a cup-to-handle base.
The United Health Group encouraged 3%, and then lost 1.3%. The nation's largest health insurer reported earning 23% and a 9% increase in income. Both numbers were on top of analysts' goals. Dow Jones' stock went into league last week to a low 52 weeks, as investors worked with the Democrats pushing a "Medicare For All" platform.
American Bank Slides on Miss Revenue
Today, the American Bank reduced the stock market by 2.5% after delivery of mixed first quarter results. Earnings increased by 13% better than expected, the income slipped a fraction, sought prospects from a small gain. 9 basis points arose up to 2.51% of net interest yield. The bank paid $ 6.3 billion for stock repurchase during the quarter, vs. $ 5.2 billion in R4. Bank Of America's shares were consolidated since August, and are 32% higher since the end of December low.
Asset manager BlackRock (BLK) climbed 2.1% after the first quarter reductions were not as hard as expected. Earnings exceeded 1%, revenue fell by 7%, and managed assets decreased by 2% to $ 6.515 trillion. BlackRock is up 16% from the end of December, climbing the right side of a 15-month consolidation.
Netflix rates; Ocasio-Cortez Dumps Facebook
D Netflix rose 2.4% in the early trade, looking to two days of reversal cuts before earning the first quarter, due after today's close. The losses brought the stock below its 50 day average movement in a number of heavy trading on Friday, as investors responded to the increased competition shown. Walt Disneynew Disney + streaming service. Netflix is trading 6% under a purchasing point of 371.59 in a slab. The Monday stock slipped 7.9% below the point of purchase, which prompted the automatic sales rule for investors whose sales rules have been set at the lower of the 7% to 8% threshold.
Facebook (FB) losing pre-market and climbing a fraction in the early trade. Internal leakage documents to NBC News revealed that CEO Mark Zuckerberg sent user data against partners and competitors.
In addition, U. Representative Alexandria Ocasio-Cortez said that she had resigned from the social media platform and that she was cutting back on Twitter (TWTR) and Instagram. She said that, in her view, there was a negative impact on users "increased isolation, depression, anxiety, addiction, escape." The Democrat said that Facebook was the "primary digital organizing tool" that she launched the drive from which 2018 was surprised in the 14th district colleagues in New York.
Facebook shares succeeded in reaching 7.8% so far in April, they are back over main technical support and working on the right side of a nine-month cup base that could be there.
IPO Watch: Jumia, Lyft, Tradeweb Rise
Lout (LYFT) achieved 2.4% in open trade. Tradeweb Markets (TW) jump 1.3%. Tencent Music Entertainment (TME) sausage to early gain to fraction. Tencent could offer purchase opportunity if it comes from 10 weeks support in strong trade.
German Jumia Technologies gained an early gain of 9%. American Deposit Receipts of the Monday IPO ended 120% above the initial bid price was at Friday.
Keep an eye on the initial IPOs on IPO IPO Leaders stock screen.
China, Europe Get Banking Boosts
The growth in State stocks boosted by markets in China, which arose after the central bank re-established monetary support measures following an 18-day break, and ahead of the first quarter GDP data due on Wednesday. Composite Shanghai pulled 2.4%. Hong Kong Hong Kong index received 1.1%.
China-oriented ETFs include Daily direction CSI 300 China Shares A Share Bull 2X (CHAU) lung 6.4% higher in pre-market trade. The Direxion Daily FTSE China Bull 3X Shares (YINN) 4%. The MSCI iShares added Hong Kong (EWH) to 0.4%.
Today's stock market in Europe received strength in evening trade, as a strength in Monday's quarterly reports Goldman Sachs (GS) and Citigroup (C) optimistic hope in the European banking sector. The CAC-40 in Paris reversed early losses and rose by 0.1%. DAX dive at 0.7%. The FTSE 100 in London received 0.5%.
Alan R. Elliott followed on Twitter @IBD_Aelliott.