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How To Invest: Stocks Mixed As Nasdaq Lags; Earnings Drive Big Moves | Stock News & Stock Market Analysis

The stock market closed mixed Thursday, with the Dow Jones industrial average again taking the lead.

XAutoplay: On | OffThe Dow industrials climbed 0.3%, adding to this month’s outperformance among the major indexes. The Nasdaq fell 0.1% and the S&P 500 rose 0.1%.

The Russell 2000 rose 0.3% at the bell and the Dow utilities edged up 0.1%. But the Dow transports were stand-outs, rallying 0.9%. Trucking, logistics and railroads were in the top 20 of 197 industry groups in today’s market.

Volume was sightly lower across the board, according to early data. Advancers and decliners were about even.

With earnings reports streaming at a copious pace, many stocks moved sharply.

Celgene (CELG) topped the down list of Stocks On The Move, plummeting to the lowest level since July 2016. The biotech missed sales expectations. It was the biggest factor in the biotech industry group’s loss of nearly 2% Thursday.

Other drug groups, hospitals and medical software makers also were down sharply.

TAL Education (TAL), Ultra Clean Holdings (UCTT), Nutrisystem (NTRI) and Charter Communications (CHTR) were some stocks that sold off on earnings reports.

Utilities and regional banks made up a good chunk of Thursday’s breakouts, also as many announced earnings.

WEC Energy Group (WEC) moved above the 67.30 buy point of a flat base. But volume was about one-third less than normal.

Spire (SR) climbed past the 78.10 entry of a flat base. Volume was about half the usual amount. The natural gas utility reports earnings Nov. 15.

Columbia Banking System (COLB) topped the 43.02 buy point of a cup with handle base.  ConnectOne Bancorp (CNOB) cleared the 26.75 buy point of a long pattern. First Commonwealth Financial (FCF) broke out past the 14.43 entry of a cup with handle. All three beat profit expectations.

In health care, Icon (ICLR) surged nearly 9% in triple its average volume, vaulting past the 117.63 buy point of a flat base. The provider of outsourcing services for pharmaceutical companies topped estimates for sales and earnings.

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