Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were little changed ahead of Friday’s speech by Federal Reserve Chairman Jerome Powell and the start of overnight trading on Tuesday. Meanwhile, shares of technology giant Nvidia have rebounded from their most recent buy point.
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This week’s economic calendar is heavy, with October personal income and spending figures centered on the Fed’s main inflation measure, the PCE price index, set to be released on Thursday. A relaxing read is expected. Still, the measurements in the data leave room for surprises. After retail sales reports softened, the PCE report will show whether spending on services is also subdued.
Additionally, on Friday, Federal Reserve Chairman Jerome Powell is scheduled to speak at a fireside chat at Spelman College in Atlanta.
This week’s big earnings reports include the Dow Jones software giant sales force (CRM), with intuition (INTU), pure storage (PSTG) and Dell Technologies (Dell).
late monday, Z scaler (ZS) The stock plunged nearly 7% in after-hours trading after the first quarter results were released. The stock closed on an upward basis from a buy point of 177.69 on Monday.
Stock market today: Dow Jones falls
On Monday, the Dow Jones Industrial Average and S&P 500 both fell 0.2%, and the tech-heavy Nasdaq Composite Index fell 0.1%.
electric car giant tesla (TSLA) rose 0.3% on Monday, but the stock market leader Nvidia (NVDA) rose 1%. NVDA stock rebounded from a double-bottom entry at 476.09, ending a three-day losing streak.
Meanwhile, the Dow Jones tech icon apple (AAPL) and microsoft (MSFT) The stock market was mixed today, with AAPL stock down 0.1% and Microsoft stock up 0.3%.
Advanced Micro Devices (AMD) and IBD Leaderboard Stocks Amazon (AMZN), with Roku (Roku) and IBD SwingTrader Stocks Shopify (shop) — as well as Dow Jones stocks, Salesforce and united health (UNH) — one of the most notable stocks in the current market rally.
Salesforce and Shopify are featured in this Stocks Near a Buy Zone column. AMD was recently named his IBD Stock Of The Day.
Dow Jones Today: Oil Prices, Treasury Yields
Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were little changed relative to their fair values ahead of Tuesday’s opening bell. Note that overnight movements in Dow Jones futures or elsewhere do not necessarily translate into actual trades in the next regular stock market.
On Monday, the 10-year Treasury yield fell to 4.38%. Meanwhile, oil prices fell as West Texas Intermediate futures settled below $75 a barrel.
Get real-time buy and sell alerts on stock market leaders with IBD Leaderboard
Stock market rise: what to do now
Now is an important time to read IBD’s The Big Picture column, as the outlook for the stock market confirms an uptrend.
Investors may increase their market exposure amid continued bullish activity in recent weeks. IBD recommends his 80%-100% level as this trend continues to grow.
A great resource for daily breakouts is IBD MarketSmith’s Breakouts of the Day list. This indicates that the MarketSmith Growth 250 stocks are breaking through a new buy point. MarketSmith’s Near Pivot list, on the other hand, shows stocks that are nearing buy points on base.
Check out the IBD Stock List to find more stock ideas. IBD50, big cap 20 and stocks near buy zones. These features identify bullish patterns and buy points, so you should check them daily.
Dow Jones stocks to watch
Software leader Salesforce is nearing a double-dip buy point at 228.79, according to IBD MarketSmith chart analysis. CRM stock is about 3% off its most recent buy point. The stock rose 0.2% on Monday.
Healthcare giant UnitedHealth is trying to break through the handle entry of 546.78. But on Monday, the stock fell 0.6%, below that level.
4 Top Growth Stocks to Watch stock market rise
Stocks to buy and watch: Roku breaks out
IBD Leaderboard stock Amazon further surpassed its cup-based buy point of 145.86 during Monday’s 0.7% rise. The stock remains well above its initial entry of 134.48.
Amid Monday’s 0.3% rally, chip leader AMD is on the verge of breaking above the cup-with-handle buy point of 122.11, according to IBD MarketSmith pattern recognition.
IBD SwingTrader stock Shopify has jumped out of buy range above the double bottom 67.60 buy point. The stock extended as the buy zone reached a high of 70.98. SHOP stock rose nearly 5% on Monday following positive data regarding the start of the holiday shopping season.
Roku surged above the 98.44 buy point and was up 8.5% on Monday. The stock price soared after Cannonball Research upgraded the stock from Neutral to Buy and raised its price target to 116.
Learn how to time the market with IBD’s ETF Market Strategy
The best stocks in today’s stock market trends
These are the four best stocks to watch in the stock market today, including the Dow Jones leader.
Company Name | symbol | correct purchase point | Types of purchase points |
---|---|---|---|
Amazon | (AMZN) | 145.86 | cup base |
united health | (UNH) | 546.78 | handle entry |
toll brothers | (Thor) | 82.39 | cup with handle |
Advanced Micro Devices | (AMD) | 122.11 | cup with handle |
Source: IBD data as of November 27, 2023
IBD experts break down the top stocks in the current stock market rally on IBD Live.
tesla stock
Tesla shares rose 0.3% on Monday as the stock continues to face strong resistance near its 50-day line after regaining its 200-day line in recent weeks.
TSLA is down about 20% from its 52-week high.
Dow Jones Leader: Apple, Microsoft
Apple fell 0.1% on Monday, but remains near its highest since early August. The stock is above its early entry at 182.34 and continues to consolidate with a buy point at 198.23. The final pause could be the start of the handle.
Microsoft stock rose 0.3% on Monday to an all-time high of 380.64. The stock is nearing the top of its buy range above the cup-based buy point of 366.78. In recent weeks, the stock has risen above the early buy trigger at 346.20.
Follow Scott Lehtonen on X/Twitter. @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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