Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average ended with a slight loss on Monday. Tesla shares plunged to a 52-week low and nearing a two-year low. Minutes of the Federal Reserve’s latest policy meeting are due to be released on Wednesday.
With a short holiday week, Wednesday will be flooded with economic data including consumer sentiment, durable goods orders, first unemployment claims, PMI readings and new home sales. The stock market will be closed on Thursday for Thanksgiving, and trading hours will be shortened on Friday.
Dell (Dell), urban outfitters (Urban) When zoom video (ZM) was the main driver of late Monday earnings. DELL shares fell 2.5% in long-term trading, while Urban shares rose nearly 3%. Zoom Video’s stock fell more than 5% in late trading.
stock market today
On Monday, the Dow Jones Industrial Average fell 0.1%, or 45 points, while the S&P 500 fell 0.4%. The Nasdaq Composite of tech stocks fell 1.1%.
Arista Networks is IBD leaderboard In stock and was a recent IBD stock today. GLOBAL FOUNDRIES Featured in last week’s feature Stocks near the buy zone column.The Shoals Thursday’s IBD 50 Stocks To Watch Picks.
Dow Jones Futures Today: Treasury Yields, Oil Prices
Dow Jones futures were up 0.2% above fair value and S&P 500 futures were up 0.25% prior to Tuesday’s open. His tech-related Nasdaq 100 futures rose 0.3% to fair value.remember the night action dow jones futures Elsewhere, it doesn’t necessarily translate into the next regular real deal stock market session.
The 10-year Treasury yield climbed to 3.82% on Monday, marking a two-day winning streak.
US oil prices fell briefly on Monday The Wall Street Journal reported OPEC is considering increasing production by up to 500,000 barrels per day. Saudi Arabia has since denied the report, sending oil prices plummeting from their lows. West Texas Intermediate futures fell below $76 a barrel on Monday before slashing losses.
what to do in a stock market rally
Now is the important time to read a book IBD’s The Big Picture column The stock market trend is back to a ‘confirmed uptrend’.
It’s important to be flexible when doing this. Despite the early November rally, investors should remain cautious and limit exposure to his 40% or less. Wait for further confirmation of continued intensity before adding more exposures. The immediate distribution of major stock indices is a sign to stay more defensive.
If your recent stock purchases are going well, you can be confident that the stock market will rise. But sharp reversals and trade losses are, of course, signs to keep more powder dry.
Dow Jones Stocks to Watch: Caterpillar
Top stocks to buy and watch: Arista, GlobalFoundries, KLA, Shoals
Chip foundry GlobalFoundries is in a buy range above the 66.06 buy point on a cup basis following Monday’s 2.05% loss. according to IBD MarketSmith pattern recognition.
KLA manufactures handle cups with a buy point of 392.60 amid Monday’s 1.1% decline. On the bullish side, the line of relative strength for stocks hit new all-time highs last week, outperforming the S&P 500 significantly.
Shoals Technologies is still outside the buy range above the buy point of 28.57 despite two consecutive falls on Monday. The 5% buy zone has plateaued at 30. Wait for an orderly pullback to a buy range before considering buying the stock.
tesla stock It fell 6.8% on Monday, extending its losing streak to four sessions and dropping to its lowest level since November 23, 2020.
The stock is down about 58% from its 52-week high, well below its 50- and 200-day moving averages. Meanwhile, the stock price RS line continues to hit new lows, indicating that the stock market is significantly underperforming the S&P 500.
Dow Jones Leaders: Apple, Microsoft
in dow jones stockApple shares fell 2.2% on Monday, but are still above the recently recovered 50-day line.
Microsoft rose 0.3% on Monday, ending a three-day losing streak. The stock remains above the 50-day line. The software giant remains more than 30% off his 52-week high.
Follow Scott Lehtonen on Twitter. @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average here.
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