Χ
Stock market today
On Monday, the Dow Jones Industrial Average sold 1.2% and the S&P 500 fell 1.7%. The technologically heavy Nasdaq fell 2.2%. Among the traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 2.4% and the SPDR S&P 500 ETF (SPY) lost 1.7% on Monday. Tesla Electric Vehicle Leader (TSLA) fell nearly 5% on Monday. Twitter (TWTR) was reversed from losses to 1.7% higher, after Tesla CEO Elon Musk decided not to be a company director.
Overview of the US Stock Exchange today
Index Symbol Profit / Loss% Change Dow Jones (0djia) 34309.07 -412.83 -75.14 4412.83 -75.45 -1.68 Nasdaq (0ndqc) 13411.96 -299.04 -2.18 Russell 2000 (IWM) 196.54 -1.33 -0.67 IBD 50, F 89 -0.71 -1.94 Last update: 4:30 p.m. ET 4/11/2022 Chip stocks were among the weakest performers of the day. Nvidia (NVDA) fell 5.2% due to analyst downgrade. Advanced Micro Devices (AMD) fell 3.6% to its lowest level since July 2021. As the stock market continues to struggle, Dow Jones’s financial leader American Express (AXP) – along with Alphabet (GOOGL), Broadcom (AVGO), IBD Leaderboard, Edwards Lifesciences (EW), Raytheon technologies (RTX) and Shell (SHEL) – are among the top stocks on Tuesday for buying and monitoring. Elsewhere among Dow Jones leaders, Apple (AAPL) fell 2.55% and Microsoft (MSFT) fell 3.9% in today’s stock market. Microsoft and Tesla are IBD Leaderboard shares. Edwards Lifesciences and Raytheon Technologies appeared in the Shares column near this week’s market zone.
Dow Jones Futures Today: Bond yields, oil prices, CPI
Following the close of trading on Monday, Dow Jones futures fell, while S&P 500 futures lost 0.1% against fair value. Nasdaq 100 futures fell 0.15% against fair value. Remember that overnight action on Dow futures and elsewhere does not necessarily translate into real trading at the next regular trading session. The yield on the 10-year US bond extended its winning streak to seven sessions on Monday, rising to 2.78%, its highest level since January 2019. US oil prices fell more than 3% on Monday. Crude West Texas Intermediate traded below $ 95 a barrel. The worsening of the Chinese virus epidemic also raises concerns about potential demand. Consumer prices in March are projected to have risen 1.1% year-on-year to 8.4% – according to Econoday estimates – the fastest rise since December 1981. The consumer price index measures inflation. The White House, meanwhile, has said it expects March nominal CPI inflation (number) to rise sharply due to rising Putin prices. The Ministry of Labor will publish the CPI at 8:30 a.m. ET.
Stock Market Rally Games: What to do now
On Monday, the stock market recorded another disappointing performance with the big stock indices ending with big losses. The Nasdaq fell below the 50-day line, which was a key level of support for the watch. While the underlying upward trend remains intact, it’s time to move on with greater caution. Be wary of most new markets and focus only on stocks that are extremely large in size and have large outbreaks beyond the right market points. Also, be flexible. The market may recover and return to a “confirmed uptrend” or the sell-off could persist and lead to a correction. Monday’s The Big Picture column commented: “The S&P 500 fell 1.7% and closed slightly below the 50-day moving average. The index is now trying to find support at this level. But if the Nasdaq is any indication “The composite melted immediately. Line 50 days on Monday after a trial wait for the previous two sessions.” If you are new to IBD, consider taking a look at the stock trading system and the basics of CAN SLIM. Recognizing chart patterns is a key to investing guidelines. IBD offers a wide range of emerging stock listings, such as Leaderboard and SwingTrader. Investors can also create watch lists, find companies approaching a market point, or develop custom screens at IBD MarketSmith. Four Dow Jones shares to watch now
Dow Jones shares for buying and monitoring: American Express
The Dow Jones financial stock, American Express, tracks a cup with a handle with a buying point of 194.45. Shares fell 3.3% on Monday, closing about 9% away from the last record. Watch the relevant power line of the stock. In its recent descent, the RS line is starting to fade more than its old highs, which means that it has finished its work in view of a possible outbreak. The RS line measures the price performance of a stock against the S&P 500. The RS line should reach a new high on the day of the breakout or a little later to confirm the strength of a stock burst. Top 4 growth stocks to watch in the current stock market rally
Shares to buy and follow: Alphabet, Broadcom, Edwards, Raytheon, Shell
The recent selection of IBD 50 Stocks To Watch, Alphabet, shows a buying point of 2,875.97 on a handle cup, according to IBD MarketSmith chart analysis. GOOGL shares are about 10% away from entering after falling 3.35% on Monday. Broadcom fell another 1.1% on Monday, as the chip stock moved further below the early entry at 614.74. The shares are approaching with the trigger of a loss of 7% -8%. The stock also dropped support on the 50-day line in recent trading sessions. Meanwhile, the shares recorded another buying point, an entry at 645.41. The stock of the Leaderboard IBD Edwards Lifesciences watch list continues to move to the right of a mug base showing a buy point of 131.83. Shares fell nearly 2% on Monday. Monday’s weakness is most likely the start of a grip that would reduce the entry of optimal risk to 125.21. Defense contractor Raytheon Technologies is within walking distance of 104.44 of a flat base. Shares rallied 1.7% on Monday, trading just 2% in the last entry. Oil and gas producer Shell’s Stock Of The Day (April 1) IBD is just below the 56.23 ounce spot after falling 1.4% on Monday. Join IBD experts as they analyze top stocks in the current IBD Live stock rally
Tesla stock
Tesla shares fell 4.8% on Monday, rising 3% on Friday. Shares of the EV giant traded up about 15% on Monday away from the cup-with-handle buy point of 1,152.97. The stock traded up to 1,243.49 points on November 4 and closed about 22% on Monday away from this all-time high.
Dow Jones leaders: Apple, Microsoft
Among the Dow Jones shares, Apple shares fell 2.55% on Monday, even below the buy point of 176.75 on a double-bottom basis. The stock is close to activating the sell rule with losses of 7% -8%. Along with this dual bottom entry, there is also a handle buy point at 179.71. On the downside, the AAPL stock left the 50-day support level on Monday, indicating that further weakness is possible. Microsoft, the software leader, fell 3.9% on Monday as stocks fell even below the 50- and 200-day highs. The stock is almost 20% from its 52-week high. Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones industrial average. YOU CAN ALSO LIKE: Top growth stocks for buying and monitoring Learn how to time the market with IBD’s ETF buying strategy Find the best long-term investments with IBD long-term leaders MarketSmith: Research, charts, data and guidance All in one place How to research growth stocks: Why this IBD tool simplifies the search for top stocks
