Nasdaq holds below 4,000

Posted by Victor Reklaitis - MarketWatch

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  • The Dow has been showing a modest gain, last up about 36 points.

    The S&P 500 and Nasdaq have been staying positive, but just barely.

    The S&P is up 1 point @ 8:45 am PST, while the Nasdaq was last up about 1 point and holding under 4,000 after briefly conquering that milestone level.

    J.C. Penney is up about 5%, making it one of the S&P 500’s biggest gainers in one of its last days as part of that index.

    At this point, it’s not coming under any pressure at all from that news late Friday that it’s leaving the S&P 500.

    Boeing is down more than 2%, making it the biggest loser today among Dow components. The aerospace company seems to be getting hit by its warning about engine icing risks for certain new planes.

    Meanwhile, Caterpillar continues to provide a lift to the blue-chip index, rising more than 2% after an upgrade.

    Meanwhile, Caterpillar continues to provide a lift to the blue-chip index, rising more than 2% after an upgrade.

  • Getting back to Facebook and Yelp…

    There wasn’t much fundamental news on either Monday, leading some on Twitter to speculate about momentum stocks being in trouble, says the Tech Stocks column.