August 9, 2022

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Dow Jones Sells As Pelosi Heads To Taiwan; Uber Increases Strong Sales

Dow Jones Sells As Pelosi Heads To Taiwan;  Uber Increases Strong Sales

The Dow Jones Industrial Average fell 300 points Tuesday morning amid escalating tensions between the United States and China, as House Speaker Nancy Pelosi heads to Taiwan. Machinery giant Caterpillar tumbled on weak revenue results, while Uber stock jumped more than 14% thanks to better-than-expected sales and positive cash flow for the first time.




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Arista Networks (Network), Larva (cat), CF . Industries (CF), Devon Energy (DVN), Diamondback Energy (fang), mosaic (moss) And the Uber Technologies (Uber) were the main driver of earnings on Tuesday.

ANET shares jumped 4% in morning trading on Strong results in the second quarter. CAT stock is down more than 4%. CF . stock It rose more than 2%. Devon Arrow slight elevation. Diamondback Less than 1% profit. And the mosaic It decreased by about 4%.

Tesla (TSLA) was up 0.5% early Tuesday. in another place, Technology Pioneers at Dow Jones apple (AAPL) And the Microsoft (MSFT) was lower yet stock market today Open.

In the enhanced stock market environment, Dow Jones shares chevron (CVX) And the United Health (United nations) – Beside Cheniere Energy (liquefied natural gas), ExxonMobil (XOM), Quanta Services (PWR), Ulta Beauty (ULTA) And the Vertex Pharmaceuticals (VRTX) – Among the stocks to watch. Keep in mind that the constant volatility in the stock market is a reason to remain more conservative despite recent signs of strength.

Quanta, UnitedHealth and Vertex IBD Leaderboard Stores. Chevron and Exxon appeared this week Stocks near the buy zone column. It was ExxonMobil Friday’s stock from IBD.

Dow Jones today: Treasury yields, oil prices, Pelosi visit

After Tuesday’s opening, the Dow Jones Industrial Average was down 0.9%, and the S&P 500 was down 0.6%. The heavy Nasdaq Composite lost 0.5% in morning trading.

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within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) lost 0.5%. and the SPDR S&P 500 ETF (spy) decreased by 0.3%.

The 10-year Treasury yield fell to 2.57% on Tuesday morning, threatening to fall for the sixth straight session. The 10-year Treasury yield is at its lowest since early April. Meanwhile, US oil prices tumbled, with West Texas Intermediate crude futures dropping slightly below $94 a barrel.

House Speaker Pelosi is scheduled to arrive in Taiwan On Tuesday, she plans to meet with Taiwan government officials. Pelosi will become the first female speaker of the House of Representatives to visit Taiwan since 1997. Beijing, which claims Taiwan as part of its territory, has warned against doing so and has threatened action if her visit continues.

stock market rise

On Monday, the Dow Jones Industrial Average was down 0.1%, and the S&P 500 Index was down 0.3%. The tech-heavy Nasdaq Composite fell 0.2%, ending a three-day winning streak.

Monday the big picture The column commented, “Overall, losses have been moderate given the stock market enjoyed its best month since late 2020 in July. However, investors should continue to be smart and cautious in the event of another bear market bounce.”

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Five Dow Jones stocks to watch right now


Dow Jones stocks to watch: Chevron, UnitedHealth

Dow Jones energy giant Chevron is building the right-hand side of a Fenjan base with 182.50 POIs. Be on the lookout for a potential handle to offer a lower entry. Chevron stock traded slightly lower on Tuesday.

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health insurance giant IBD Leaderboard UnitedHealth stock is still in a buying range above its double-handle base buy point at 518.80 despite Monday’s 1.3% loss, according to IBD Market Smith Graph analysis. Shares rose on Tuesday.

UN stock Shows a solid value of 94 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.


4 growth stocks to watch at Cursstock market rally


Top Stocks to Watch: Cheniere, Exxon, Quanta, Ulta, Vertex

Cheniere Energy in a buy zone after crossing a trend line entry About 140. Now the arrow is trying to penetrate beyond a double bottom 146.45 buy points. The line relative force Just reaching new heights, a positive sign. Shares rose 0.5% on Tuesday.

Friday stock from IBD Exxon Mobil regained the 50-day streak last week and topped the strong early entry around 93.24. But the energy giant gave up some ground on Monday, dropping 2.5%. Meanwhile, the cup base entry at 105.67 is also in play. XOM stock is up 0.5% on Tuesday morning.

IBD Leaderboard Quanta Services Securities returned to 138.56 buy points for a teacup base with a handle after Monday’s slight loss, according to IBD Market Smith Graph analysis. Quanta earnings due on Thursday. The stock was down 0.1% on Tuesday.

Ulta Beauty is building a flat base at 429.58 buying points but is finding it difficult to decisively reclaim the 50-day line amid Monday’s 1.4% gain. The base comes on the heels of the failed breakout of Teacup with 426.93 entering the handle in June. ULTA shares lost 0.5% early Tuesday.

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Vertex Pharmaceuticals ditched its 279.23-handled buy point and fell below the 50-day line during Monday’s 2.35% decline. The company will announce its earnings on Thursday. Vertex shares rose 1% on Tuesday.


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Tesla Stock

Tesla stock pared its gains to less than 0.1% on Monday but continued to extend its winning streak to four sessions. Stocks reached their highest level since early May but are finding resistance around the 200-day line, a key level to watch.

Stocks reversed early losses to gain 0.5% on Tuesday morning.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares fell 0.6% on Monday, ending a three-day winning streak. Last week, the stock retraced the 200-day streak for the first time since May 5th. Apple shares fell 0.6% Tuesday morning.

Microsoft stock fell 1% on Monday, but remained above the 50-day line. However, the software giant is still scaling below the 200-day long-range streak. The stock has closed about 20% from its 52-week high. Microsoft stock fell 0.9% early Tuesday.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

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