Sellers Hit Nasdaq Ahead Of Nvidia Results; Palantir, TDG, Evercore Hold Up
The Nasdaq and S&P 500 marked clear-cut distribution days.
Stock Market Today With IBD · Investor's Business Daily
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Show Notes
The Nasdaq composite closed below its 50-day moving average, and the S&P 500 marked its first distribution day since the Aug. 13 follow-through day. Declining stocks beat advancers by more than 2 to 1 on the Nasdaq. The ratio was less than 2 to 1 negative on the NYSE. Palantir is pulling back in light volume after an earnings rally; TransDigm is back near highs in a shallow cup base; investment bank Evercore is holding gains well after a recent breakout.
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