The Dow Jones Industrial Average reversed higher on Friday, reaching The Wall Street Journal reported, Federal Reserve officials were discussing the size of future interest rate increases. Social media company Snap slipped up to 30% on poor revenue results. Shares of Dow Jones American Express and Verizon fell on the back of earnings results.
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According to a Wall Street Journal report, some Fed officials are “indicating their desire to slow the pace of increases soon and stop raising interest rates early next year to see how their moves this year slow the economy.”
Stock Market Today: Surprising Profits
Dow Jones shares early third-quarter earnings results rolled in American Express (AXP) And the Verizon (VZ), along with Schlumberger (SLB) And the Explode, Explode (Explode, Explode).
American Express stock fell more than 2% despite better-than-expected sales and earnings results. Verizon is trading down about 4% in early trading, while Schlumberger shares are up 3% in morning trading.
Snap has been reported Third-quarter results late Thursday missed revenue estimates but beat earnings. SNAP stock fell more than 30% in response.
electric car giant Tesla (TSLA) is down 1% on Friday morning. Dow Jones Tech Giants apple (AAPL) And the Microsoft (MSFT) also scroll down afterwards stock market today Open.
AutoZone (AZO), double check (DV), Molina Healthcare (Ministry of Health) And the Vertex Pharmaceuticals (VRTX) – as well as the shares of Dow Jones chevron (CVX) And the merck (Mrk) – Among the top stocks to watch. Keep in mind that trying to keep up the stock market is the perfect time for investors to build and perfect their watch lists for the hottest growth stocks.
DoubleVerify and Vertex are IBD Leaderboard Stores. Merck and Molina Healthcare appeared In the stocks column near the buy zone for this week, along with two other ideas for the hottest stocks. AutoZone was IBD stock today last week. DoubleVerify was Tuesday’s stock from IBD.
Dow Jones today: Treasury yields and oil prices
After the opening bell on Friday, the Dow Jones Industrial Average rose 1.2% after reversing its early losses, while the S&P 500 rose 1%. The heavy Nasdaq Composite was up 0.6% in the morning’s move.
within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Up 0.1%, SPDR S&P 500 ETF)spy) rose 0.5%.
The 10-year Treasury yield rose Friday morning, rising to 4.3% Friday morning, after Thursday’s jump to 4.22%. The 10-year Treasury yield settled on Thursday at its highest level since June 2008.
US oil prices continued their rally on Friday, looking to extend the winning streak into three sessions. West Texas Intermediate crude futures rose near $85 a barrel. Earlier this week, West Texas Intermediate crude futures were trading as low as $81 a barrel.
Meanwhile, natural gas prices fell, heading for the sixth consecutive decline as European Union leaders failed to agree on a ceiling for gas prices. Natural gas futures fell 4.8%, to just over $5.10 per million British thermal units. Gas prices are still 43% higher for the year, and more than 100% above pre-pandemic price levels.
Continuing to try to rise in the stock market
On Thursday, the Dow Jones Industrial Average, which rose 1.3% at midday, was down 0.3%, while the S&P 500 was down 0.8%. The tech-heavy Nasdaq Composite lost 0.6%, and the Russell 2000 suffered, down 1.2%.
Thursday the big picture He commented, “Investors should continue to track companies that easily outperform earnings results and have strong bullish reactions. They could be among the stock market leaders if the market is able to follow through with a rally.”
Psychologically, observing the functioning of the market through repeated attempts to rise can be a difficult process. Investors like to keep watchlists on hand, in order to jump on daily breakouts to follow. But not all follow-ups work, so buying too soon or with too much conviction can lead to frustration.
This is why it is important to increase exposure slowly and methodically, as the uptrend proves itself.
paying off IBD Stock ListsLike the defect 50 And the Stocks near the buying areastock ideas.
Five Dow Jones stocks to watch right now
Dow Jones stocks to watch: Chevron, Merck
Energy giant Chevron continues to hold above the support at the 50-day line and consolidate below 182.50 buying points ahead of the company’s earnings announcement on October 28. An early entry at 166.93 is also in play. Chevron’s stock prices rose Friday morning, as oil prices soared.
CVX stock boasts 98 strong out of 99 perfect IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.
Member of Dow Jones and IBD 50 . stock Merck abandoned a file double bottom93.12 buy pointAnd the to me IBD MarketSmith Pattern Recognitionamidst two consecutive days of losses. stock Relative force line It hit a new high last week. Third-quarter earnings results are due on October 27, before the opening bell.
Merck shares rose on Friday morning.
4 growth stocks to watch at Cursstock market correction
Top stocks to watch: AutoZone, DoubleVerify, Molina, Vertex
Auto parts leader and Today’s latest stock of IBD AutoZone is approximately 4% away from the cup base purchase point of 2,362.34. Keep an eye out for a potential handle to offer a lower entrance. AutoZone shares fell 0.4% early Friday.
IBD Leaderboard according to IBD Market Smith Graph analysis. DoubleVerify provides digital media measurement and data analytics. The company designs verification technology to help reduce ad fraud. It also promises to ensure that ads are placed in safe and brand-friendly environments. Shares were down nearly 1% on Friday.
Molina Healthcare Thursday ended about 2% away from a 361.35 point buy of a flat base. The stock’s RS line hit a new high last week, confirming that the healthcare stock is the leader to watch. Molina’s earnings are expected on October 26th. The Ministry of Health’s stock was down 0.4% early Friday.
Leading biotech company Vertex Pharmaceuticals is testing its 50-day streak again amid this week’s losses. The stock continues to build a firm base that has 306.05 buy points and an early entry at 296.90. Its RS line has hit a new high in recent sessions, which is a sign of an outperformance in the stock market. Profits are scheduled for October 27th. Shares were down 0.5% on Friday morning.
Tesla Stock
Tesla shares It fell 6.65% on Thursday to hit a new 52-week low after the company’s weaker-than-expected sales results. Shares are down nearly 50% from their 52-week high. Tesla stock fell another 1% on Friday morning.
Dow Jones Leaders: Apple and Microsoft
within Dow Jones stockApple shares fell 0.3% Thursday and are down nearly 21% from their 52-week highs and below their 50 and 200-day lines. AAPL stock is down 0.2% on Friday morning.
Microsoft’s stock was down 0.1 percent Thursday, falling for the second straight session. Stocks are still trying to recover from last week’s 52-week low. The software giant is about 32% from its 52-week high. Shares were down 0.2% on Friday.
Apple earnings are expected on October 27, while Microsoft is due on October 25.
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