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Dow Jones Today, Stocks And Bond Yields Edge Up; Vertex Dives On Trial Results; Can CAT Stock Rebound? - Investor's Business Daily

Dow Jones Today, Stocks And Bond Yields Edge Up; Vertex Dives On Trial Results; Can CAT Stock Rebound? - Investor's Business Daily

Jun 11, 2021 1 min, 45 secs

The Nasdaq Composite added 0.2%, despite biotechs Vertex Pharmaceuticals (VRTX) and Incyte (INCY) dragged on premarket action on the stock market today.

Bernstein upgraded the stock to outperform with a 500 price target.

IBD 50 stock Cleveland Cliffs (CLF) added 4.8%, putting the shares ahead 18.7% so far this week.

Chemicals maker Dow (DOW) led the early gains on the Dow Jones today with a 0.8% advance.

That left Caterpillar shares down 7.5% for the week through Thursday and on track for their worst weekly performance in 12 months.

The loss sent the stock back below its 50-day moving average in heavy trade, and erased gains from an early May breakout.

Despite the loss, CAT stock still holds the sixth-largest gain among Dow Jones stocks so far this year, with a 24% advance through Thursday.

Israel-based new issue Global-E Online (GLBE) rallied more than 8%, after ending Thursday with an 8.4% gain so far for the week.

Meme stocks cooled their early action, with GameStop (GME) narrowing to a 2.4% gain, and AMC Entertainment (AMC) reversing lower.

A possible new entry to the list, Customers Bancorp (CUBI), quieted to a 1.6% advance in early action.

IBD 50 stock Celsius Holdings (CELH) rebounded 1.3%, following its 15% nosedive on Thursday.

Credit Suisse upgraded the stock to outperform, with a 78 price target, up from 57.

Markets have kept a close eye on Treasury yields as inflation indicators edge higher, and as the Federal Open Market Committee prepares for its quarterly meeting next week.

IBD Live: A New Tool For Daily Stock Market Analysis.

The Dow Jones today opens as the market's laggard for the week, down 0.8% through Thursday.

The stock market last Friday had its status upgraded to "uptrend resumes" for the first time since May 12.

Among the growth stocks flagged by IBD's Investing Action Plan this week, Google parent Alphabet (GOOGL) has gained 1.7%, closing on Thursday just above a flat base buy point at 2,431.48.

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