The Dow Jones Industrial Average reversed lower Friday as about half of the Dow 30 stocks posted declines. Walt Disney (DIS) was the worst-performing blue chip, despite strong subscription figures. Tilray (TLRY) and other marijuana stocks were volatile — trading high as a kite earlier in the week amid possible speculation from Reddit investors.
Nasdaq, S&P 500
The Nasdaq was the worst performing major index, slipping around 0.3%. Illumina (ILMN) was the index's best performer, rising around 13%. PayPal (PYPL) also rose, up more than 3%. It was boosted after Chief Executive Dan Schulman said the company could have 750 million active accounts by 2025, up from 377 million at the end of the fourth quarter. At least nine analysts increased price targets.
The S&P 500 was also lower, though it fell less than 0.1%. Mohawk Industries (MHK) turned in eye-catching performance, rallying almost 10%.
Volume was lower compared with the same time Thursday, though data was incomplete. It fell about 5% on the NYSE.
U.S. Stock Market Today Overview
Last Update: 10:12 AM ET 2/12/2021
The S&P sectors were mixed, with a roughly even split of winners and losers. Financials and materials sectors were the top performers.
Small caps were also managing to rally, with the Russell 2000 basically flat.
Growth stocks managed to rally out of the red, with the Innovator IBD 50 ETF (FFTY) gaining 0.5%. Generac (GNRC) was the biggest winner on the IBD 50, rising almost 4%. It is extended from a 234.65 buy point.
Disney Stock Climbs, Then Reverses
The Dow Jones Industrial Average initially opened higher, but is now down around 0.2%. It remains well clear of its 50-day moving average.
Disney earnings and sales beat while Disney+ subscribers now top 94.9 million. Disney stock rose early but reversed, and was down about 1%. It rose above a flat-base buy point of 183.50 earlier in the week. It had been rebounding bullishly from its