Dow Jones futures fell after the stock market sale on Monday. The consumer price index, the main inflation report, will be released Tuesday morning before the market opens.
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Today’s stock market
The Dow Jones Industrial Average fell 1.2% on Monday and the S & P 500 fell 1.7%. The high-tech Nasdaq Composite Index fell 2.2%.in Exchange Traded FundNasdaq 100 Tracker Invesco QQQ Trust (QQQ) 2.4% decrease, SPDR S & P 500 ETF (spy) Lost 1.7% on Monday.
Electric car leader Tesla ((((TSLA) I slipped nearly 5% on Monday. twitter ((((TWTR) Reversed from loss, then increased by 1.7% Tesla CEO Elon Musk I objected to becoming a board member of the company.
Overview of the US Stock Market Today |
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|---|---|---|---|---|
| index | symbol | price | Gain / loss | % Change |
| Dow Jones | ((((0DJIA). | 34309.07 | -412.05 | -1.19 |
| S & P 500 | ((((0S & P5). | 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 | ((((FFTY). | 35.89 | -0.71 | -1.94 |
Last updated: 4:30 pm ET 4/11/2022 |
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Chip stocks were one of the weakest performances of the day. Nvidia ((((NVDA) Analyst downgrade dropped 5.2%. Advanced Micro Devices ((((AMD) Slided 3.6% to reach the lowest level since July 2021.
Dow Jones’ financial leader as the uptrend in the stock market continues to struggle American Express ((((AXP) – together alphabet ((((Google), Broadcom ((((AVGO), IBD leaderboard Watchlist inventory Edwards Lifesciences ((((EW), Raytheon technology ((((RTX) When shell ((((shell) — One of the top stocks to buy and monitor on Tuesday.
Elsewhere Dow Jones Leader, Apple ((((AAPL) Reduced by 2.55%, Microsoft ((((MSFT) Down 3.9% Today’s stock market.
Microsoft and Tesla IBD leaderboard stock.Edwards Life Sciences and Raytheon Technologies Featured this week’s Stocks near the buying zone digit.
Dow Jones Futures Today: Government Bond Yields, Oil Prices, CPI
After closing on Monday, Dow Jones futures fell 0.35%, while S & P 500 futures fell 0.45% against fair value. Nasdaq 100 futures fell 0.6% of fair value.Remember what you did overnight Dow Futures And other places are not necessarily converted into the next regular real transaction Stock market session.
The US Treasury’s 10-year yield extended its winning streak to seven on Monday, rising to 2.78%, the highest level since January 2019. also, Outbreak of virus worsening in China It raises concerns about potential demand.
Consumer prices in March are projected to rise 1.1%, up 8.4% year-on-year, the fastest rise since December 1981. The consumer price index measures inflation. The White House, meanwhile, said it expects Putin’s price hike will lead to an unusual rise in inflation in the consumer price index in March.
The Ministry of Labor will announce the CPI at 8:30 am ET.
Stock Market Rally Struggle: What to Do Now
On Monday, the stock market showed another disappointing performance that the major stock indexes ended up with a sharp loss. Nasdaq went further below the 50-day line, which was a notable and important level of support.
The underlying uptrend hasn’t been compromised yet, but it’s time to be more cautious. Pay attention to most new purchases and focus only on stocks that have exceptional fundamentals and massive breakouts beyond the correct purchase points. Also, be flexible. The market may recover and return to a “confirmed uptrend”. Or, a large amount of sales may continue and lead to corrections.
The big picture of Monday The column said, “The S & P 500 fell 1.7% and closed slightly below. 50-day moving average.. The index tries to find support at that level. But if Nasdaq shows any signs, the composite melted on Monday’s 50-day line after tentatively suspending the previous two sessions. “
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Buy and see Dow Jones Industrial Average: American Express
Dow Jones Financial Equity American Express traces a 194.45 buy-point handle cup. Shares fell 3.3% on Monday, ending about 9% away from the latest entry.
Keep an eye on stocks Relative intensity line. In the recent decline, the RS line has begun to decline further from its old highs. That is, the work on the RS line has been cut before the potential breakout. The RS line measures stock price performance against the S & P 500. The RS line should hit a new high on or shortly after the breakout day to see the strength of the stock breakout.
Four Top Growth Stocks to Watch Nowrent stock market rally
Stocks to buy and watch: Alphabet, Broadcom, Edwards, Raytheon, Shell
Notable recent IBD50 strains The pick, alphabet shows 2,875.97 buy points on a cup with a handle. IBD Market Smith Chart analysis. After the 3.35% slide on Monday, GOOGL shares are about 10% away from entry.
Broadcom fell another 1.1% on Monday. This is because chip stocks were even lower than the initial entry of 614.74. Stocks are approaching a 7% -8% loss trigger. Stocks also gave up support on the 50-day line in a recent session. Meanwhile, the stock put in another buy point, a handle entry of 645.41.
IBD leaderboard Watchlist Stock Edwards Life Sciences, Cup base It shows 131.83 Purchase points.. Shares fell almost 2% on Monday. Monday’s weakness could be the start of a handle that lowers the risk-optimal entry to 125.21.
Raytheon Technologies, a contractor in the defense industry, Flat base 104.44 buy point. Shares rose 1.7% on Monday, down just 2% from the latest entry.
Oil and gas producer shell, April 1st IBD stock todayIs just below the flat-based 56.23 buypoint after a 1.4% drop on Monday.
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Tesla stock
Tesla stock It skid 4.8% on Monday and was added to the 3% decrease on Friday. The EV Giants stock closed on Monday about 15% away from the 1,152.97 buypoint of the handle cup.
The stock traded high to 1,243.49 on November 4, closing about 22% off record highs on Monday.
Dow Jones Readers: Apple, Microsoft
in Dow Jones Industrial Average, Apple’s share price fell 2.55% on Monday, further below the double-bottom-based 176.75 buypoint.Inventory is close to the trigger 7% -8% loss reduction sales rules. In addition to its double bottom entry, a handle-by-point is also used at 179.71. On the downside, AAPL stocks gave up their 50-day support level on Monday, indicating potential for further weakness.
Software leader Microsoft fell 3.9% on Monday as stock prices fell further below the 50th and 200th lines. Shares are almost 20% off the 52-week high.
Follow Scott Lehtonen on Twitter. @IBD_SLehtonen For more information on growth stocks and the Dow Jones Industrial Average.
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