U.S. stocks ended a volatile session higher on Tuesday, lifted by
gains in such blue-chip names as Coca-Cola and Johnson & Johnson,
though persistent weakness in momentum names limited the Nasdaq's
advance.
Coke and J&J, both Dow components, climbed after their results
while recent outperformers fell, a sign that investors were rotating
from growth stocks into value ones. In recent weeks, high-growth stocks
have been under pressure after a meteoric rise in their prices took
valuations to levels that appeared unsustainable.
The three major U.S. stock indexes fell for much of the session before rebounding in afternoon trading. The Nasdaq moved in a 108.77-point range, and at its lows of the day, it was within 0.3 per cent of 3,934.53, the level that represents a 10 per cent drop from its recent intraday peak, hit on March 6.
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The three major U.S. stock indexes fell for much of the session before rebounding in afternoon trading. The Nasdaq moved in a 108.77-point range, and at its lows of the day, it was within 0.3 per cent of 3,934.53, the level that represents a 10 per cent drop from its recent intraday peak, hit on March 6.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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