As of Dec. 21, 2023, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The CNN Money Fear and Greed index showed a decline in overall market sentiment, with the index moving back to the "Greed" zone on Wednesday.
U.S. stocks closed lower on Wednesday, with the Dow Jones index snapping its nine-day winning streak.
U.S. stocks traded mixed toward the end of trading, with the S&P 500 turning lower on Wednesday.
The Dow traded up 0.07% to 37,586.02 while the NASDAQ rose 0.17% to 15,029.36. The S&P 500, however, fell 0.04% to 4,766.46.
RBC Capital Markets initiated coverage on Fusion Pharmaceuticals Inc (NASDAQ: FUSN), saying the radiopharmaceutical industry is a burgeoning area in therapeutics following the green light for Novartis AG's (NYSE:
Stocks inched higher during midday trading in New York on Wednesday, with the momentum carrying over from the previous day when the tech-heavy Nasdaq 100 achieved fresh record highs.