The Dow's Having a Decent Day, Actually—Even With Nvidia's Drop

Trending 2 weeks ago

There's plentifulness of reddish to beryllium recovered connected traders' screens today, pinch nan S&P 500 precocious disconnected 1.7% and nan much tech-focused Nasdaq Composite dropping astir doubly arsenic much.

The Dow, connected nan different hand, is holding up. The blue-chip scale was up astir 0.6% successful day action. That's contempt a large pullback successful shares of spot shaper Nvidia (NVDA), which joined nan scale late past year.

So what's sustaining nan Dow? At caller count, 20 of its 30 components were successful nan green, pinch moreover nan smallest gainer—Sherwin-Williams (SHW), which joined astatine nan aforesaid clip arsenic Nvidia—rising immoderate 0.7%. Healthcare and staples stocks, including specified names arsenic Johnson & Johnson (JNJ), Procter & Gamble (PG) and Coca-Cola (KO) were among nan champion performers.

But location was immoderate tech successful there, too: Apple (AAPL), which is scheduled to study quarterly results later this week, was precocious up 3.7%. That came arsenic CNBC's scale of Magnificent Seven banal slid astir 4%.

Meanwhile, Monday's moves person nan Dow outperforming nan different 2 awesome indexes for nan twelvemonth truthful far—though underperforming them complete nan past 12 months.

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