The Nasdaq notched a second day of gains as investors bought beaten-up tech shares like Tesla. The Dow slipped 0.34%. The S&P 500 dipped 0.08%. The Nasdaq rose 0.63%.
Andrew Kelly | ReutersThe Nasdaq Composite posted the biggest advance of 0.6%, pushed up by a nearly 6% rally in Tesla stock. The S&P 500 lost 0.1%. The Dow Jones Industrial Average dropped 112 points, or 0.3%, as defensive drug stocks like Merck and Johnson & Johnson weighed on the index.
That follows a winning shortened week for the three major indexes, with the Dow and S&P 500 posting their best weeks since November. A Later in the week, investors will watch for December's consumer price index report coming Thursday and big bank earnings scheduled for Friday.Investors looking to buy into the infrastructure and security sector in 2023 will be best served by picking individual stocks and focusing on those with high-quality business and management teams, according to Truist.
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