US Stocks weakly lower Thursday

The market showed a small loss Thursday, and Nasdaq Combined Composite Index ended the day at 15612 points, which is a decline of 0.6 percent.

2268 shares were up and 4786 were down, while 318 remained unchanged, and there was no trading in 182 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 629.4 billion.

Meta Platforms A closed at 441 dollar after posting a loss of 10.6 percent. The previous time the stock lost this much was Oct 27. 2022, when it closed down 24.6 percent. It was also high volume. Overall it was traded for 36586 millions dollar in the stock, which is six times as much as normal daily turnover. It does, however, look good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
IBM closed at 169 dollar after a steep drop of 8.3 percent. The previous time the stock lost this much was Oct 21. 2021, when it closed down 9.6 percent. It was also high volume. Overall it was traded for 2821 millions dollar in the stock, which is five times as much as normal daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Caterpillar closed at 338 dollar after posting a loss of 7.0 percent. The stock has never lost more in one day since Nov 4. 2020, when it was down 7.4 percent. The stock is trend wise positive in the medium term.
Bristol-Myers Squibb fell sharply to close at 44.70 dollar, down 8.5 percent. We must go back to Jan 3. 2019 to find an equally steep drop. That time the stock lost 13.9 percent. The volume was also high. At session end it was bought and sold shares for about 2015 million dollar in the stock, which equals four times mean daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 48.40 dollar and a further decline is indicated.
Newmont rose sharply to close at 43.41 dollar, up 12.5 percent. The previous time the stock gained this much was Apr 9. 2020, when it closed up 13.4 percent. The stock is trend wise negative in the medium term.

Winners Thursday

Applied DNA Sciences1993.80%
iSun83.19%
Barfresh Food Group76.70%
SG Blocks51.98%
Processa Pharmaceuticals50.00%

Losers Thursday

E-Home Household Service-73.54%
Chicken Soup for the Soul -38.87%
ATN International-32.80%
Cyclacel Pharmaceuticals-30.43%
Zapp Electric Vehicles Gro-24.30%

Most traded Thursday

Meta Platforms A36586.32
NVIDIA35088.91
SPDR S&P 500 ETF34802.42
Powershares QQQ24360.11
Tesla21515.44

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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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