BABA Brushes Off Massive Fines

The Dow is down more than 66 points at midday

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Schaeffer's Midday Market Check
4/12/2021
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Dow Tumbles as Investors Await Inflation Data, Earnings


By: Jake Scott

Stocks are reeling today, following a record-setting Friday session that saw the Dow Jones Industrial Average (DJI) log a new all-time high close. The blue-chip index is off 66 points at last check, dragged lower as investors cycle out of reopening plays. Meanwhile, the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are both modestly lower as investors gear up for the beginning of the first-quarter earnings season and look ahead to a slew of highly anticipated inflation data and Federal Reserve speeches out this week. 

Continue reading for more on today's market, including:

  • Alibaba stock brushes off a massive anti-monopoly fine.
  • Now might be a good time to consider this furniture stock.
  • Plus, bulls bombard Up Fintech stock; IKNA bounces back; and one plummeting digital health stock.
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