The Dow and S&P 500 were down more than 2% Thursday afternoon. After a modest rally, sellers came back into the Nasdaq composite, knocking the index lower by 1.6%. Stock gainers today in the Nasdaq 100 included Illumina (ILMN), Maxim Integrated Products (MXIM) and Microchip Technology (MCHP).


Among the FAANG stocks, Apple (AAPL) was down more than 1% after breaching its 50-day moving average Wednesday. The company inked a $600 million supply deal with U.K.-based Dialog Semiconductor. Two FAANG stocks outperformed Thursday — Facebook (FB) and Google parent Alphabet (GOOGL) — with gains of 0.9% and 0.7%, respectively.

Stock Gainers Today: CF Industries, Tractor Supply

In stock market results today, MarketSmith Growth 250 names CF Industries (CF) and Tractor Supply (TSCO) reclaimed their 50-day moving averages, rising 3% and 2%, respectively.

Meanwhile, top-rated oil and gas producers extended losses after weakness Wednesday, but a few names in the sector continues to hold up relatively well. Energen (EGN) fell 1%, but it’s still holding above its 50-day moving average. Viper Energy Partners (VNOM) gave back 1% as it battles for support at the 50-day moving average. Centennial Resource Development (CDEV) edged higher as it holds just above a 21.09 buy point.

Citigroup (C) moved off lows ahead of its earnings report Friday before the open. Results from JPMorgan (JPM) are also due early Friday, but shares lagged Thursday, down nearly 2%.

The 10-year Treasury yield picked up 1 basis point to around 3.17% after consumer prices came in weaker than expected. Meanwhile, U.S. crude futures were down more than 2% to $71.44 a barrel after dropping 2.4% Wednesday. Early Thursday, the Energy Information Administration reported a third straight weekly rise in oil supplies. The weakness in oil prices comes after crude hit a four-year high earlier this month.


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The post Stock Gainers Today: Illumina, Chip Stocks Lead Nasdaq 100 appeared first on Investor’s Business Daily.

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