The Dow Jones industrial average fell briefly more than 100 points on Thursday as Treasury yields fell ahead of remarks by Fed Chairman Powell. Apple jumped, despite reports of production delays, testing a key level, while Tesla shares were higher in morning trading.
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Among the Dow Jones leaders, appeal (AAPL) jumped more than 1.5% on Thursday Microsoft (MSFT) rose 1.6% in today’s stock market. Boeing (BA) is back in the buying range after this week’s losses.
Tesla (TSLA) rose more than 2% on Thursday and wanted to bounce back due to the 3% tumble on Wednesday. CATCH leaders Alphabet (GOOGL) and Facebook (FB) is in buy series after this week’s outbreaks.
Among the top stocks to watch, Nvidia (NVDA) and Yeti (YETI) is close to new buying points.
Alphabet, Boeing and Microsoft are IBD Leaderboard shares. Nvidia was in the Stocks Near A Buy Zone column this week. Alphabet and Microsoft were discussed in the IBD Live show on Monday.
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The Dow Jones industrial average fell 0.1%, while the S&P 500 rose 0.3%. The technology Nasdaq composition climbed 0.9% in afternoon trading.
US stock market overview today |
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|---|---|---|---|---|
| Index | Symbol | Price | Profit / loss | % Change |
| Dow jones | (0DJIA) | 33412.56 | -33.70 | -0.10 |
| S&P 500 | (0S & P5) | 4088,48 | +8.53 | +0.21 |
| Nasdaq | (0NDQC) | 13781.87 | +93.03 | +0.68 |
| Russell 2000 | (IWM) | 220.78 | +0.09 | +0.04 |
| IBD 50 | (FFTY) | 44.63 | +0.07 | +0.16 |
Last updated: 10:58 ET 4/8/2021 |
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Ten-year treasury yields dropped to 1.63% early Thursday, after rising to 1.65% on Wednesday, according to the CBOE, and will fall for a third consecutive day.
Fed Chairman Jerome Powell will take part in an International Monetary Fund debate on the world economy, starting at 12:00 ET.
Among the exchange-traded funds, the Innovator IBD 50 (FFTY) fell 0.3% on Thursday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rose 0.8%. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 0.2%.
Stock market rally: Dow, S&P at record highs
Amid the current stock market boom, the Dow Jones industrial average is just below record highs, while the S&P 500 climbed to new highs on Thursday.
Meanwhile, the tech-savvy Nasdaq last week regained its most important 50-day moving average and is on track to get a two-day losing streak.
In the big picture of Wednesday it is said: “Neither the Nasdaq nor the S&P 500 seem to be used too much. The S&P 500 is about 4.5% above its 50-day moving average. It is mostly within the range of movements above 50. -day line since the November peak, another indication that the S&P 500 is fit. “
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Bitcoin price
Bitcoin reached its high water mark on March 13 and was $ 61,556. According to CoinDesk, the price of Bitcoin rose in the morning trade near $ 57,500.
The Grayscale Bitcoin Trust (GBTC) rose about 3% on Thursday, with a two-day low.
Dow Jones shares: Boeing
Within the Dow Jones industrial average, Boeing is again in the buying range above a 244.18 buy point in a cup base. The 5% buy range rises to 256.39.
Early Thursday, the stock fell 1%.
Shares in buying zones: Alphabet, Facebook
IBD Leaderboard Shares Alphabet Breaks to a Flat Base’s New Buy at 2,145.24, according to IBD MarketSmith Chart Analysis. Shares are at the top of the 5% buying zone, rising amid 0.5% on Thursday to 2,252.50.
According to Leaderboard comments, ‘Alphabet rose better than other high-capital technology techniques when the sector declined. Support at the 21-day line helped the stock climb to new highs. basis was the second phase, which is positive. ‘
Fellow FANG shareholder Facebook trades just above a cup-with-handle’s 299.81 buy point. On Thursday, Facebook shares reversed 0.4% lower and are still within the buy range.
Technical titans lead as rally breaks; Tesla withdraws to key support
Shares to buy and watch: Nvidia, Yeti
Graphic chipmaker Nvidia is still moving to the right of a new mug base, offering a 615 point of sale. Look for a potential handle to provide more risk-optimal access.
The Nvidia share rose about 2% on Thursday and wanted to contribute to the 2% advance on Wednesday.
According to IBD Stock Checkup, Nvidia shares show a solid 92 out of a perfect 99 IBD Composite Rating. The IBD Composite Rating helps investors measure the quality of the fundamentals and technical benchmarks of a stock.
Tuesday’s IBD Stock Of The Day, Yeti, tries to break out past a 76.87 buy point in a double bottom with handle. Shares rose more than 1% on Thursday morning and are approaching the buying point.
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Tesla Stock
Tesla shares rose more than 2% on Thursday morning. Shares of Tesla are watching their ten-week line, which is a major level of resistance.
Tesla may form a new base, but it’s too early for a new risk-optimal buying point.
On February 22, Tesla broke through its most important ten-week moving average line, a critical support level. On January 25, Tesla shares reached a record high of 900.40, after climbing as much as 93% of a 466 buy-in in a cup with handle.
Dow Jones Leaders: Apple, Microsoft
Among the top Dow Jones shares, Apple jumped 1.6% on Thursday, with a five-day fast-moving series. According to the Japanese Nikkei news service, the company is slowing down MacBook and iPad production due to the global shortage of chips.
Apple shares are returning from its 40-week line and trying to regain its 10-week line. On February 18, Apple shares caused the loss-cutting selling rule of 7% -8% when it dropped more than 7% below the 138.89 buy point in a handle with a cup.
Software giant Microsoft hit 1.6% in morning trading on Thursday morning. Microsoft breaks past a flat base’s 246.23 buying point and is in the buying range that is above 258.54.
Follow Scott Lehtonen on Twitter @IBD_SLehtonen for more information on growth stocks and the Dow Jones industrial average.
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