Rotation. Rotation. Rotation.
That is how the day is ending as the dust settled.
The money flowed into the bricks and mortar stocks in the Dow 30. The losers were the technology stocks of the Nasdaq.
The Dow 30 stocks were led by:
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Merck & Co (MRK) +4.84%
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Amgen (AMGN) +4.57%
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Nike (NKE) +3.87%
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Johnson & Johnson (JNJ) +2.88%
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McDonald’s (MCD) +2.61%
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Walt Disney (DIS) +2.34%
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Honeywell (HON) +2.21%
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Verizon (VZ) +2.18%
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Apple (AAPL) +2.16%
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Procter & Gamble (PG) +2.09%
Chip stocks moved lower after Softbank announced that they divested of all their shares of Nvidia in favor of OpenAI. Looking at the chip stocks:
- Nvidia shares fell -2.96%
- AMD fell -2.65%.
- Intel fell -1.48%
- Broadcom fell -1.79%
- Micron fell -4.81%
Other losers today included:
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Nebius NV (NBIS) −7.07%
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Lam Research (LRCX) −4.29%
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Trump Media & Technology (DJT) −4.02%
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Papa John’s (PZZA) −3.91%
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Tapestry (TPR) −3.81%
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Super Micro Computer (SMCI) −3.40%
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Arm (ARM) −3.29%
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First Solar (FSLR) −3.20%
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Cadence Design (CDNS) −3.16%
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MicroStrategy (MSTR) −3.14%
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Grayscale Bitcoin (GBTC) −3.09%
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Alibaba ADR (BABA) −3.07%
This article was written by Greg Michalowski at investinglive.com.