The Dow Jones Industrial Average rose Friday morning, looking to add to solid gains on Thursday, as the emerging stock market’s recovery boosted. Treasury yields continued to rise, while US oil extended losses to trade around $110 a barrel.
Before the opening on Friday, Tesla competitor New (NIO) I reported a bigger loss than expected for the fourth quarter, while revenue growth slightly exceeded estimates. Nio shares are down 7% in morning trading. On Thursday, the stock finished 60% off its 52-week high.
Tesla (TSLA) was up 0.2% early Friday, adding to Thursday’s gain.
in between Dow Jones stockAnd the an Apple (AAPL) lost 0.3% and Microsoft (MSFT) decreased by 0.1% in Stock market today. United Health (United nations), a Dow Jones stock to watch, ended Thursday in a buying range after the latest breakout.
Amidst the strong uptrend of the stock market, IBD Leaderboard Inventory Arista Networks (Network), from Broadcom (AVGO), Alpha and Omega Semiconductors (AOSL), GlobalFoundries (GFS) And the CVS Health (CVS) is among the biggest stocks to buy and watch on Friday.
Dow Jones today: Treasury yields and oil prices
After the market opened on Friday, the Dow Jones Industrial Average rose 0.2%, while the S&P 500 gained 0.15%. The heavy Nasdaq Composite Index rose in morning trading.
The 10-year US Treasury yield rose to 2.39% on Friday after Thursday’s close of 2.34%. US oil prices extended losses on Friday morning, with West Texas Intermediate crude trading below $110 a barrel.
The United States pledged to LNG shipments increase to Europe, as the European Union seeks to reduce its dependence on Russian natural gas. The United States aims to ship 50 billion cubic meters of liquefied natural gas to Europe annually until at least 2030, officials said Friday, up from the record 22 billion cubic meters of liquefied natural gas it bought from the United States last year.
stock market rise
The stock market posted solid gains on Thursday, with the Nasdaq Composite Index up nearly 2%. For more daily stock market commentary, check out IBD The Big Picture vertical.
Thursday the big picture The column commented, “Giant Chip and IBD Leaderboard Nvidia stock joined the rally, rising nearly 10%. According to the leaderboard’s comment, Nvidia has been lifted to a three-quarter size position after it crossed a trendline entry point at 272.38 and action could be taken as high as 286.”
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Dow Jones Buy & Watch: UnitedHealth
Managed care giant UnitedHealth shows a 500.10 point of purchase with a handle insert on a double-bottomed base. Stocks were held in a buying range above that entry after Thursday’s 2% gain. UN shares were flat early Friday.
bullish, stock line relative force It is approaching new highs, indicating a significant outperformance in the stock market.
Stocks to buy and watch: Arista, Broadcom, GlobalFoundries, CVS
Chip giant Broadcom advanced 4.5% Thursday, topping early entry at 614.74. Arrows move up the right side of New cup base. cup base Suitable point of purchase It is 677.86. AVGO stock is up 0.3% on Friday morning.
according to IBD Market Smith Graph analysis. Shares of AOSL rose 0.3% early Friday.
IPO last week week stock, GlobalFoundries, is back above 73.35 cup base buying points following a gain of nearly 9% on Thursday. The buying zone rose to 77.02. GFS stock is up 1.4% on Friday morning.
Tesla stock It rose 0.2% early Friday, looking to extend its eight-day winning streak. Stocks decisively retraced the 50-day line this week, moving up to the right side of the base of the cup containing 1,208.10 buy points. Be on the lookout for a potential handle to present a riskier buying point.
The stock traded as high as 1,243.49 on November 4, but on Thursday closed about 18% from its all-time high.
Dow Jones Leaders: Apple and Microsoft
in between Dow Jones stockApple shares rose 2.3% on Thursday, extending their winning streak to eight sessions. The stock rose again above the 50-day line and is approaching a buy point at 176.75, a double bottom. AAPL stock was down 0.3% early Friday.
Software leader Microsoft advanced 1.5% on Thursday, as stocks retraced their 200-day streak. Microsoft shares lost 0.1% on Friday morning.
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