After a strong week last week, the stock market is taking a bit of a breather on Monday. Major market indexes are mixed, with some forging still higher in an effort to reach their record levels from earlier in the summer. As of 12:30 p.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 11 points to 35,284. However, the S&P 500 (SNPINDEX: ^GSPC) had gained 11 points to 4,482, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had picked up 71 points to 14,968.
As you'd expect on an up-and-down day for the market, there were big stocks moving in both directions on Monday. Baidu (NASDAQ: BIDU) managed to buck a trend that has hurt Chinese stocks lately with good news on the regulatory front, but online real estate specialist Zillow Group (NASDAQ: Z) (NASDAQ: ZG) fell to levels it hasn't seen in more than a year as it made a business move that investors didn't like much.
Shares of Baidu were higher by 4% early Monday afternoon. The Chinese search giant got good news from Chinese regulatory agencies for a change, as a new policy will work to its benefit even as it puts restrictions on some of its internet peers.
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2 Stocks Making Waves as the Market Treads Water