:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2195660947-9ea06557287545eda351924e87feee02.jpg "Traders work on the floor of the New York Stock Exchange")
Angela Weiss / AFP / Getty Aspects
There’s plenty of red to be found on traders’ screens today, with the S&P 500 recently off 1.7% and the more tech-focused Nasdaq Composite sip about twice as much.
The Dow, on the other hand, is holding up. The blue-chip index was up about 0.6% in afternoon action. That’s in spite of a big pullback in shares of chip maker Nvidia (NVDA), which joined the index late last year.
So what’s reinforcing the Dow? At recent count, 20 of its 30 components were in the green, with even the smallest gainer—Sherwin-Williams (SHW), which allied at the same time as Nvidia—rising some 0.7%. Healthcare and staples stocks, including such names as Johnson & Johnson (JNJ), Procter & Bet on (PG) and Coca-Cola (KO) were among the best performers.
But there was some tech in there, too: Apple (AAPL), which is earmarked to report quarterly results later this week, was recently up 3.7%. That came as CNBC’s index of Impressive Seven stock slid nearly 4%.
Meanwhile, Monday’s moves have the Dow outperforming the other two major indexes for the year so far—in spite of underperforming them over the past 12 months.
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