Dow Jones Trims Early Loss Fueled By China, Nike, But This Blue Chip In Buy Range

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Key market indexes moved off session lows midday Friday, as the Dow Jones Industrial Average erased most of an early 117-point loss. X The Nasdaq fell 0.3%, while the Dow Jones industrials and S&P 500 were roughly flat in the stock market today. Small caps tracked by the Russell 2000 were off 0.3%. Volume was mixed, lower on the NYSE but higher on the Nasdaq vs. the same time Thursday. Among exchange traded funds, Innovator IBD 50 (FFTY) fell 1.3%, while the Nasdaq 100-tracking Invesco QQQ Trust (QQQ) gave up 0.5%. The IBD 50 ETF hit a new high Thursday and remains in buy range from a 50.06 entry of a seven-month consolidation. Evergrande Group, China's biggest property developer, appeared to miss a Thursday deadline on an $83.5 million payment bond payment. It now enters a 30-day grace period before bondholders can signal a default. Investors worldwide fear a collapse could hit global markets, although reports say Beijing is taking steps to contain the damage. Chi
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