Major U.S. stock indexes closed mostly higher Wednesday, ending near the record highs they reached last week.
Gains in several Big Tech companies, including Intel, Apple and Amazon, helped nudge the S&P 500 higher, even though most of the stocks in the index fell. Those gains outweighed losses in industrial, materials and other sectors.
Treasury yields stalled after rising sharply since the beginning of the year.
The S&P 500 rose 8.65 points, or 0.2%, to 3,809.84.
The Dow Jones Industrial Average fell 8.22 points, or less than 0.1%, to 31,060.47.
The Nasdaq composite added 56.52 points, or 0.4%, to 13,128.95.
The Russell 2000 index of smaller companies dropped 15.99 points, or 0.8%, to 2,111.97.
For the week:
The S&P 500 is down 14.84 points, or 0.4%.
The Dow is down 37.50 points, or 0.1%.
The Nasdaq is down 73.03 points, or 0.6%.
The Russell 2000 is up 20.31 points, or 1%.
For the year:
The S&P 500 is up 53.77 points, or 1.4%.
The Dow is up 453.99 points, or 1.5%.
The Nasdaq is up 240.67 points, or 1.9%.
The Russell 2000 is up 137.11 points, or 6.9%.
12 Marijuana Stocks to Buy Now
There are now more than 50 publicly-traded companies operating in the cannabis industry. Most of these companies aren't directly growing and selling marijuana themselves, but they do stand to benefit greatly as more states legalize the sale and possession of marijuana. Some of these marijuana stocks are media companies. Others are privately studying the medical uses of marijuana. Yet others are providing tools and software for marijuana growers. As more cannabis companies file IPOs and enter the stock market, it will become increasingly difficult for investors to identify which marijuana stocks will truly benefit from the cannabis boom.
Our subscribers have begun digging through these companies, checking out their financials, business models and long-term growth prospects. They know that some "marijuana stocks" are just empty shell companies that deserve to be penny stocks, but they also recognize there are some legitimate and growing companies that truly stand to benefit from the green rush. As a group, they have added 10 different cannabis stocks to their watchlists and are actively investing in them. More than 1,400 MarketBeat subscribers are now following our top-trending cannabis company.
This slide show lists the 12 pot stocks that MarketBeat subscribers are have added to their watchlists and are actively monitoring.
View the "12 Marijuana Stocks to Buy Now".