Dow Jones Falls Amid Attack On Poland; New Warren Buffett Stock Soars; Donald Trump SPAC Falls

The Dow Jones Industrial Average fell amid reports that rockets hit inside Poland. New Warren Buffett holding Taiwan Semiconductor (TSM) was surging while the Donald Trump SPAC Digital World Acquisition (DWAC) took a dive ahead of the expected announcement of another presidential bid.

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Strong Walmart (WMT) earnings helped boost retail stocks. Meanwhile, some notable stocks tested buy points, including MercadoLibre (MELI), Tenaris (TS) and Shift4 Payments (FOUR).

Volume was up on both the Nasdaq and the New York Stock Exchange compared to the same time Monday.

The yield on the benchmark 10-year Treasury note fell 8 basis points to 3.79%. West Texas Intermediate crude oil jumped nearly 2% to trade at about $88 per barrel.

Markets were boosted early on encouraging producer price index data. Producer prices were up 8% in October, below September’s reading of 8.5% and also below the consensus estimate of 8.3%. Core prices rose 6.7%, below September’s reading of 7.2% and below the consensus of 7.2%.

But the market was shaken off highs after a report of a rocket attack in Poland. A U.S. official told The Associated Press that rockets had crossed into NATO member Poland, killing two people. It was not known where the rockets originated. Polish officials have not confirmed a report the missiles were Russian.

Nasdaq Off Highs As Small Caps Pop

The Nasdaq was off highs for the day, but remained up more than 1%. The S&P 500 rose nearly 1%.

The S&P 500 sectors were mostly positive, with technology and communication services having the best gains. Health and materials were the worst laggards.

Small caps were shining, with the Russell 2000 up 1.6%.

The Innovator IBD 50 ETF (FFTY), a bellwether for growth stocks, also looked strong as it rose more than 1%.

Dow Jones Today: Apple Stock, Salesforce Shine

The Dow Jones Industrial Average was off highs but managed to rally out of the red. While slightly positive, it was basically flat.

Outside of Walmart, Apple (AAPL) was among the best Dow performers. Its gain of more than 1% saw it move closer to its 200-day moving…

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