Wall Street turned to some old friends and pushed the major indexes back above breakeven.
The S&P 500 was up 0.2% after opening lower even though the majority of stocks in the index were down. The Nasdaq Composite was up 0.3%. The Dow was up 18 points.
All three indexes will set fresh closing highs if they finish up on the day.
Tesla was among the top performers in the S&P, while Apple was also in the top 10 stocks. Apple was also giving the Dow a boost. Other members of the Magnificent Seven were mixed: Meta was up 0.1%, while Amazon.com, Nvidia, and Microsoft were all down more than 0.4%. Alphabet was down 0.1%. Together, though, the Roundhill Magnificent Seven ETF was up 0.7%.
ETFs focused on growth and risk were outperforming the broader market, while dividend and momentum focused funds were lagging. The Invesco S&P 500 Equal Weight ETF was down 0.2%, which shows how the S&P would be doing if every individual stock had the same weighting in the market benchmark.
Markets were paying attention to chatter from a handful of Federal Reserve speakers. Inflation remains a concern among central bankers, but odds of two more cuts through December were still at 75.2%, compared to odds of no cuts at 23.2%.
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