After the Bell: Dow Dips 26 Points, Nasdaq Hits New High as Market Tries to Make Up Its Mind By Ben Levisohn June 14, 2018 6:21 p.m. ET TheDow Jones Industrial Averagefinished lower today, but the other major indexes fared better. In today'sAfter the Bell, we... ILLUSTRATION:GETTY IMAGES •...wonder why theS&P 500has been stuck in place; •...ponderMylan's(MYL) drop to the bottom of the S&P 500; •...and explain whyTwitter (TWTR) soared. Stocks: Marking Time The S&P 500 has come to a standstill, but don't expect it to stay that way for long. The question is whether it resolves itself higher or lower. The S&P 500 advanced 0.3% to 2782.49 today, but is up just 0.1% for the week, about as close to nothing as you can get. This despite a week full of what we'd expect to be market-moving news: the North Korea summit; the Federal Reserve's latest rate hike; and the European Central bank's announcement that it would end its bond buying later this year. So why is the market stuck in place? BMO's Brian Belski has an idea. "It seems to us that noise and rhetoric have become louder and louder these days, making it difficult for investors to decipher the difference between the fundamental realities and what we view as nonsense," he writes. Thanks to this, Belski argues, investors are missing what's happening with earnings and sales. He points out that nine of the 11 sectors exhibited an uptick in their revision composites in the past month—consumer staples and utilities are the two exceptions—and aggregate sales revisions are also picking up. Strangely, the Nasdaq Composite and the Dow Jones Industrial Average have been a little more active this week. The Nasdaq gained 0.8% to 7761.04 today—a new high—and is up 1.5% this week. The Dow, however, dipped 25.89 points, or 0.1%, to 25,175.31 today, and is off 0.6% this week. The Nasdaq has been helped by its heavy tech and consumer-discretionary weightings, while the Dow has been hindered by the poor performance of industrial and financials. The S&P 500, of course, is a better representation of the market. We won't feel good—or bad—until it picks a direction. The Hot Stock ILLUSTRATION:AFP/GETTY IMAGES Twitter (TWTR) popped to the top of the S&P 500 on Thursday, helped by general enthusiasm about media companies. Shares rose $2.69, or 6.1%, to $46.76. Twitter rose along with a host of other media stocks, following Comcast’s (CMCSA) competing bid for21st Century Fox (FOXA). A judicial ruling in favor of AT&T's (T) $85 billion acquisition of Time Warner (TWX) led to the move, as well as speculation that more deals may be on the way. Twitter is up 94.8% year to date and has risen 179% in the past 12 months. —Teresa Rivas The S&P 500's Top 5 Stocks Twitter (TWTR): 6.1% Nektar Therapeutics (NKTR): 5.5% Royal Caribbean Cruises (RCL): 5.1% Comcast (CMCSA): 4.6% Discovery (DISCA): 4.5% The Biggest Loser Shares of Mylan (MYL) slumped to the bottom of the index, following a drug approval delay. Shares lost $2.16, or 5.2%, to $39.51. The Food and Drug Administration said it identified minor deficiencies amid its approval review for Mylan’s generic inhaler Advair Diskus. It will issue a complete response letter on June 27. Without any details to go on, Guggenheim’s Rohit Vanjani writes that it may be a relatively benign issue: “Given that there are potentially no science-related/technical issues with the application, no manufacturing issues, and no human factor study issues, we note that one possibility for the CRL is that the FDA simply may not have had enough time to review MYL's response to an information request (IR).” He reiterated a Buy rating on the shares. Mylan is down 6.6% year to date, although it’s risen 4.3% in the past 12 months. —T.R. The S&P 500's Bottom 5 Stocks Mylan (MYL): -5.2% Oracle (ORCL): -4.9% Waters (WAT): -4.5%| Hanesbrands (HBI): -4.3% Concho Resources (CXO): -3.3% Sign up to Review & Preview, a new daily email from Barron’s. Every evening we’ll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning. https://www.barrons.com/articles/af...s-market-tries-to-make-up-its-mind-1529014902
%% QQQ..... has made up its mind. Its a bull market+ has been; = NOT a prediction. But QQQ has bigger sell volume than buy uptrending price]volume.Its just like IBD {Investors Business Daily} noted ;DOW [DIA] is easy to manipulate.......