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US STOCKS: Off Early Record Highs, DJIA Outperforming

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks resumed their climbed to new record highs early Monday, have scaled back support by midmorning. Monday's Veteran's Day holiday contributed to a relatively quiet start to the week with the DJIA trading up 376.25 points (0.86%) at 44362.84, S&P E-Minis up 13.5 points (0.22%) at 6039, Nasdaq up 12.3 points (0.1%) at 19299.29.
  • Headline leading gainers include: Bristol-Myers Squibb +12.5% (wires tied the bid to Abbvie's sell-off), Albemarle +8.38, Tesla +8.0%, Cigna +7.10% as it announced it would not pursue a merger with Humana (-4.25%).
  • Headline laggers include: Monolithic Power -19.64% (amid power supply management concerns for Nvidia high-end AI chips), Abbvie -12.38% (due to trial failure of it's Schizophrenia and Parkinson medications), Super Micro Computer -10.38% as AI related demand for some tech stocks continues to cool.
  • The latest earnings cycle is nearly over with a few big names expected this week: Live Nation Entertainment after today's close followed by: Home Depot, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.
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  • Stocks resumed their climbed to new record highs early Monday, have scaled back support by midmorning. Monday's Veteran's Day holiday contributed to a relatively quiet start to the week with the DJIA trading up 376.25 points (0.86%) at 44362.84, S&P E-Minis up 13.5 points (0.22%) at 6039, Nasdaq up 12.3 points (0.1%) at 19299.29.
  • Headline leading gainers include: Bristol-Myers Squibb +12.5% (wires tied the bid to Abbvie's sell-off), Albemarle +8.38, Tesla +8.0%, Cigna +7.10% as it announced it would not pursue a merger with Humana (-4.25%).
  • Headline laggers include: Monolithic Power -19.64% (amid power supply management concerns for Nvidia high-end AI chips), Abbvie -12.38% (due to trial failure of it's Schizophrenia and Parkinson medications), Super Micro Computer -10.38% as AI related demand for some tech stocks continues to cool.
  • The latest earnings cycle is nearly over with a few big names expected this week: Live Nation Entertainment after today's close followed by: Home Depot, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.