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US open: Stocks slight higher as Amazon joins Dow Jones

By Iain Gilbert

Date: Monday 26 Feb 2024

US open: Stocks slight higher as Amazon joins Dow Jones

(Sharecast News) - Wall Street stocks were slightly higher at the opening bell on Monday following last week's record-setting rally.
As of 1545 GMT, the Dow Jones Industrial Average was up 0.17% at 39,196.43, while the S&P 500 was 0.01% firmer at 5,089.46, and the Nasdaq Composite came out the gate 0.20% stronger at 16,028.93.

The Dow opened 64.90 points higher on Monday, matching gains recorded in the previous session as blockbuster earnings from chipmaker Nvidia lifted sentiment throughout the week.

In focus early on Monday, Amazon joined the Dow Jones, replacing Walgreens Boots Alliance, increasing the blue chip's exposure to both technology and consumer retail.

On the macro front, new home sales rose 1.5% month-on-month in January, according to the Census Bureau, hitting a seasonally adjusted annualised rate of 661,000 and falling short of market expectations for a reading of 680,000. However, last month's reading still marked a second consecutive monthly increase in sales, in line with mortgage rates dropping during the first month of 2024. Sales soared in the Northeast and the West, while growth was at a slower pace in the Midwest and sales slumped in the South. The median price of new houses sold came to $420,700, while the average sales price was $534,400.

No major corporate earnings were slated for release on Monday.







Reporting by Iain Gilbert at Sharecast.com



Dow Jones - Risers

Salesforce.Com Inc. (CRM) $299.60 2.32%
Caterpillar Inc. (CAT) $326.51 0.81%
Boeing Co. (BA) $202.40 0.78%
Walt Disney Co. (DIS) $108.49 0.70%
Unitedhealth Group Inc. (UNH) $530.17 0.56%
American Express Co. (AXP) $215.71 0.53%
Goldman Sachs Group Inc. (GS) $393.00 0.50%
Home Depot Inc. (HD) $373.40 0.39%
Chevron Corp. (CVX) $155.08 0.27%
Visa Inc. (V) $283.86 0.09%

Dow Jones - Fallers

Walmart Inc. (WMT) $58.92 -66.44%
Verizon Communications Inc. (VZ) $39.74 -2.26%
Walgreens Boots Alliance, Inc. (WBA) $21.36 -1.70%
3M Co. (MMM) $91.86 -0.78%
International Business Machines Corporation (CDI) (IBM) $184.57 -0.62%
Amgen Inc. (AMGN) $287.39 -0.62%
Johnson & Johnson (JNJ) $160.97 -0.54%
Travelers Company Inc. (TRV) $219.98 -0.44%
Cisco Systems Inc. (CSCO) $48.66 -0.41%
Apple Inc. (AAPL) $181.77 -0.41%

S&P 500 - Risers

Micron Technology Inc. (MU) $90.08 4.75%
Valero Energy Corp. (VLO) $146.67 3.60%
Marathon Petroleum Corporation (MPC) $174.99 3.22%
Illumina Inc. (ILMN) $137.04 3.04%
Fidelity National Information Services Inc. (FIS) $66.17 2.94%
Adobe Systems Inc. (ADBE) $566.62 2.38%
Salesforce.Com Inc. (CRM) $299.60 2.32%
Fortinet Inc. (FTNT) $69.16 2.25%
Arista Networks Inc. (ANET) $272.93 1.97%
United Rentals Inc. (URI) $671.18 1.97%

S&P 500 - Fallers

Walmart Inc. (WMT) $58.92 -66.44%
Newmont Corporation (NEM) $30.19 -3.48%
NextEra Energy Inc. (NEE) $55.03 -3.08%
Freeport-McMoRan Inc (FCX) $37.78 -3.02%
Fluor Corp. (FLR) $35.97 -2.84%
Dominion Energy Inc. (D) $46.53 -2.79%
Teleflex Inc. (TFX) $231.14 -2.78%
Alphabet Inc. Class A (GOOGL) $140.11 -2.68%
Alphabet Inc. Class C (GOOG) $141.55 -2.57%
Verizon Communications Inc. (VZ) $39.74 -2.26%

Nasdaq 100 - Risers

Micron Technology Inc. (MU) $90.08 4.75%
Tesla Inc (TSLA) $197.85 3.06%
Illumina Inc. (ILMN) $137.04 3.04%
Adobe Systems Inc. (ADBE) $566.62 2.38%
Mercadolibre Inc. (MELI) $1,665.33 2.21%
Booking Holdings Inc. (BKNG) $3,573.68 1.93%
American Airlines Group (AAL) $15.42 1.92%
KLA-Tencor Corp. (KLAC) $680.47 1.74%
Charter Communications Inc. (CHTR) $304.44 1.68%
Applied Materials Inc. (AMAT) $200.29 1.59%

Nasdaq 100 - Fallers

Trip.com Group Limited (TCOM) $46.02 -2.79%
Alphabet Inc. Class A (GOOGL) $140.11 -2.68%
Alphabet Inc. Class C (GOOG) $141.55 -2.57%
Liberty Global plc Series A (LBTYA) $17.88 -1.94%
Biomarin Pharmaceutical Inc. (BMRN) $89.68 -1.71%
Walgreens Boots Alliance, Inc. (WBA) $21.36 -1.70%
Liberty Global plc Series C (LBTYK) $18.91 -1.64%
Align Technology Inc. (ALGN) $312.97 -1.23%
NetEase Inc. Ads (NTES) $107.44 -1.11%
J.B. Hunt Transport Services Inc. (JBHT) $211.18 -0.89%

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