Stocks Mixed as Lawmakers Work to Avoid Shutdown; Nvidia Rises While Tesla and Lululemon Fall
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The Dow Jones fell while the Nasdaq gained as lawmakers worked to avert a government shutdown. Nvidia rose on bullish views while Tesla fell on lower China output.
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Decliners beat advancers nearly 2-to-1 as volume was lighter. Nike offered an in-line 2024 outlook but expects lower growth in 2025.
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Lululemon fell below the 200-day line after a low-key outlook while FedEx soared post-earnings.
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Duolingo and Arista Networks are in buy zones from chart patterns ahead of expected triple-digit earnings growth.
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Apple recovered losses while Disney fell. Merck rose as both Dow stocks are in buy zones, according to IBD tools.