November 30, 2022

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Dow Jones Index Falls Ahead of Fed Meeting Minutes Tesla stock fell to a new low

Dow Jones Index Falls Ahead of Fed Meeting Minutes Tesla stock fell to a new low

Dow futures rose ahead of Tuesday’s open after the Dow Jones Industrial Average ended with modest losses on Monday. Tesla stock fell, hitting a 52-week low and approaching a two-year low. Minutes of the Federal Reserve’s latest policy meeting are due on Wednesday.




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The short holiday week will receive a flood of economic data on Wednesday, including Consumer Confidence, Durable Goods Orders, First Jobless Claims, PMI readings and New Home Sales. The stock market will be closed on Thursday for Thanksgiving, along with a shortened trading session on Friday.

Dale (Dale), Urban Outfitters (URBN) And the Video zoom (ZM) was one of the main earnings drivers late Monday. DELL shares fell 2.5% in extended trading, while Urban shares rose about 3%. Zoom Video stock is down more than 5% in late trading.

Third quarter earnings season This week continues, with reports From Baidu (Bedo), best buy (BBY), monastery (DE), Dick’s Sporting Goods (DKS), dollar tree (DLTR) And the Nordstrom (JWN).

stock market today

On Monday, the Dow Jones Industrial Average lost 0.1%, or 45 points, and the S&P 500 fell 0.4%. The Nasdaq Technology Composite fell 1.1%.

within Exchange money tradedNasdaq 100 Index Tracker Invesco QQQ Trust (QQQ(down 1% and the SPDR S&P 500 Index)spy) fell 0.4%.

electric car giant Tesla (TSLA) slipped 6.8% on Monday. within Dow Jones stockAnd the apple (AAPL) was trading down 2.2% and Microsoft (MSFT) 0.3% in stock market today.

IBD Leaderboard stock Arista Networks (Network), GlobalFoundries (GFS), Kosovo Liberation Army (KLAC) And the Scholes Technologies (SHLS) – as well as the name Dow Jones Larva (cat) – among the top stocks to buy and watch.

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Arista Networks is IBD Leaderboard It was fresh stock from IBD Stock today. GlobalFoundries appeared last week Arrows near the buy zone column. The water was shallow Pick stocks on Thursday from the IBD 50 to watch.


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Dow futures today: treasury yields, oil prices

Before the opening bell on Tuesday, Dow futures were up 0.2% above fair value while S&P 500 futures were up 0.25%. Futures for the Nasdaq 100-heavy technology rose 0.3% against fair value. Remember to work in overnight Dow Jones futures contracts and elsewhere that does not necessarily translate into actual trading in the next regular session Stock market session.

The 10-year Treasury yield rose to 3.82% on Monday, snapping a two-day winning streak.

US oil prices fell briefly on Monday after The Wall Street Journal reported OPEC is considering increasing production up to 500,000 barrels per day. Later, Saudi Arabia denied the report, which pushed oil prices off their lowest levels. West Texas Intermediate crude futures traded below $76 a barrel on Monday, before paring losses.


IBD MarketDiem’s ​​latest newsletter gives you actionable ideas for stocks, options and cryptocurrencies right in your inbox.


What to do in the stock market

Now is an important time to read IBD’s The Big Picture column With the stock market trend back to a “confirmed uptrend”.

At this time, it is important to be flexible. Despite the early November rebound, investors should maintain a cautious attitude, limit exposure to no more than 40%. Wait for more confirmation of continued strength before adding more exposure. A spot distribution in major stock indices would be a sign of staying more defensive.

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If your recent stock purchases continue to make progress, you should feel more confident about the stock market rally. But sharp reversals and losing trades will, of course, be signs of keeping more of your powder dry.

(paying off IBD inventory listings Like the defect 50 And the Stocks near the buy zonefor additional stock ideas.)


Five Dow Jones stocks to buy and watch now


Dow stock to watch: Caterpillar

Dow Jones member Caterpillar Corp. remained below 238 in the base of the cup Point purchaseAnd the to me IBD MarketSmith Pattern Recognition, after the last hack attempt. Caterpillar shares rose 0.3% on Monday.

CAT stock It boasts an impressive average of 95 out of 99 IBD Perfect Composite Rating, per IBD stock check.

Top stocks to buy and watch: Arista, GlobalFoundries, KLA, and Shoals

IBD Leaderboard Arista Networks stock remained above 132.97 for a choppy base Point purchase Although on Monday it fell by 0.6%.

GlobalFoundries chip foundry remains in a buy range above 66.06 buy points at the base of the cup after Monday’s loss of 2.05%, to me IBD MarketSmith Pattern Recognition.

KLA is building a cup with a handle of 392.60 buys amid Monday’s drop of 1.1%. To the upside, the stock’s RSI reached a new high last week, indicating a significant outperformance against the S&P 500.

Shoals Technologies remained outside the buy range after 28.57 points of buy despite the second consecutive decline on Monday. The 5% buy zone peaked at 30. Wait for an orderly pullback into the buy range before considering buying stocks.

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Join IBD experts as they analyze the leading stocks of the current stock market rally on IBD Live


Tesla 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.

Stocks are down nearly 58% from their 52-week highs and sharply below the 50- and 200-day moving average lines. Meanwhile, the stock’s RS line continues to reach new lows, indicating underperformance of the large-cap stock market against the S&P 500.

Dow Jones leaders: Apple and Microsoft

within Dow Jones stock, Apple shares sold off 2.2% on Monday but are still holding above the 50-day line that was recently recovered. The stock is down about 20% from its 52-week high.

Microsoft stock rose 0.3% on Monday, ending a three-day losing streak. Stocks continue to hold above the 50-day line. The software giant is still more than 30% off its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @employee Learn more about developing stocks and the Dow Jones Industrial Average.

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