Stock Market Summary
Despite e-commerce stocks like Shopify (SHOP) and Amazon.com (AMZN) gaining, the Dow Jones Industrial Average fell. Meanwhile, several Warren Buffett stocks are showing strength near buying points. Tesla (TSLA) saw an increase as the company filed a lawsuit against a Swedish government agency over labor issues, while iRobot (IRBT) plummeted due to acquisition news.
A number of noteworthy stocks were testing entries in mixed action. Some of them include Carpenter Technology (CRS), Roku (ROKU), and Skechers USA (SKX), all attempting to stage breakouts.
Nasdaq Flat As Growth Stocks Shine
The tech-heavy Nasdaq fared best, with IBD SwingTrader play MercadoLibre (MELI) leading the way, and the S&P 500 closed down 0.2%, with lithium stock Albemarle (ALB) struggling and the S&P 500 sectors ending the session mixed.
Real estate and consumer discretionary were the best-performing sectors, while health care and industrials lagged. Small caps also underperformed, with the Russell 2000 down 0.3%. On the other hand, growth stocks inched higher, with the Innovator IBD 50 ETF (FFTY) up 0.1%.
Dow Jones Today: MMM Up As Disney Stock Lags
The Dow Jones industrials also fell, with 3M (MMM) performing the best and companies like Microsoft (MSFT) and Walmart (WMT) among the better performers. On the other hand, Walgreen Boots Alliance (WBA) was the worst laggard, alongside Dow Inc. (DOW) and Walt Disney (DIS).
These Warren Buffett Stocks Are Near Entries
Investors should keep an eye on stocks from Berkshire Hathaway (BRKB) CEO Warren Buffett’s portfolio, which include Market research stock Moody’s (MCO), D.R. Horton (DHI), and Visa (V) currently near buy points.
Shopify, Amazon Stock Up As E-Commerce Shines
Shopify and Amazon stocks experienced gains due to positive Black Friday data, while buy now, pay later stock Affirm (AFRM) surged and Etsy (ETSY) rose.
Short Circuit For iRobot Stock Amid EU Warning
iRobot stock plummeted after the EU’s antitrust watchdog warned about its acquisition deal with Amazon, causing a temporary halt in trading. The U.S. Federal Trade Commission is also probing the matter, while the UK’s Competition and Markets Authority said the deal would not “substantially” reduce competition.
Tesla Stock Up Amid Lawsuit
Tesla stock rose as the company filed a lawsuit against the Swedish Transport Agency, after facing ongoing labor disputes. A Swedish court ruled in favor of Tesla in its effort to collect license plates directly.
Outside Dow Jones: Leader Among Stocks Testing Entries
Several companies like Carpenter Technology, Roku, and Skechers USA are in the process of testing entries despite mixed stock market action.
