October 1, 2023

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Dow Jones Sells Strong Jobs Report; Tesla stock split system approved

Stocks are falling sharply, oil prices are falling;  GameStop screws as Tesla looms

The Dow Jones Industrial Average trimmed its losses on Friday morning, after… July jobs report stronger than expected. square parent roadblock (mint) is down 7.6% on its price earnings report before reducing losses. Tesla stock traded lower after shareholders approved plans for a 3-for-1 stock split.


Friday’s main earnings factors include AMC Entertainment (AMC), Amgen (AMGN), Funko (FNKO), Lift (LYFT) And the Vertex Pharmaceuticals (VRTX).

AMC stock is down more than 9%. Amgen stock rose down. Funko It crashed 18% as Lyft raced 6% higher. And the Vertex It decreased by about 1%.

Tesla (TSLA) is down 2% early Friday. in another place, Technology Pioneers at Dow Jones apple (AAPL) And the Microsoft (MSFT) traded sharply lower after stock market today Open.

In the enhanced stock market environment, Dow Jones shares chevron (CVX) And the United Health (United nations) – Beside Equinor (EQNR), Heiko (it’s me) And the monolithic power systems (MPWR) – 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.

Heico, UnitedHealth and Vertex IBD Leaderboard Stores. Chevron appeared this week Stocks near the buy zone column.

Dow Jones today: Treasury yields, oil prices, jobs report

Early Friday, the Dow Jones Industrial Average was down 0.3%, and the S&P 500 was down 0.5%. The Nasdaq Technology Composite Index is down 1% in morning trading.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) is down 1.4%. and the SPDR S&P 500 ETF (spy) decreased by 1.1%.

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The 10-year Treasury yield jumped to 2.82% on Friday morning, retracing the entirety of Thursday’s decline. The 10-year Treasury yield is trying to recover after hitting its lowest level since early April. Meanwhile, US oil prices extended their sharp losses this week, after West Texas Intermediate crude futures fell on Thursday below $88 a barrel for the first time since mid-February.

Ministry of Labor Jobs report for the month of July He was released on Friday morning. The US economy added 528,000 jobs in July, well above the 250,000 expected increase from Econoday. The unemployment rate came in at 3.5%, better than the 3.6% estimate.

The strong jobs report could be bad news for the Dow Jones Industrial Average and other indices. Many investors are counting on the economy weak enough for the Fed to switch from raising rates to cutting rates in the first half of 2023.

stock market rise

On Thursday, the Dow Jones Industrial Average and the S&P 500 lost 0.3% and 0.1%, respectively. The technology-focused Nasdaq rose 0.4% to close at its highest level since May 4.

Thursday column big picture He commented, “The stock market took a breather after Wednesday’s strong gains, as major stock indexes closed quietly mixed ahead of the pivotal July jobs report on Friday.”

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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. But amid a four-day losing streak, stocks are back below the key 50-day line. Chevron stock traded 1% down on Friday.

health insurance giant IBD Leaderboard UnitedHealth stock is still in a buying range above its double-handle base buy point at 518.80 amid Thursday’s 1.3% loss, according to IBD Market Smith Graph analysis. Shares were down 0.5% on Friday.

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: Equinor, Heico, Monolithic

Norwegian oil giant Equinor is trading shy of a 38.80 buying point for the double-bottomed base after Thursday’s 3.6% drop. Shares lost 1.3% on Friday morning.

IBD stock leaderboard Heico in the scope of purchase after a double bottom 151.37 Entry After last week’s strong breakout move. The 5% buy space It rises to 158.94. The stock fell 0.9% on Friday.

Chipmaker and Today’s stock from IBD Monolithic Power Systems continues to build the right side of the consolidation which contains 580.10 buy points. anticipate possible handle To make a lower entry. MPWR shares were down 1% early Friday.

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Tesla Stock

Tesla stock rose another 0.4% Thursday, extending its winning streak to seven sessions. Stocks reached their highest level since early May but are still trying to decisively remove resistance around the 200-day line, a key level to watch.

Shares fell 2% Friday morning after shareholders approved plans for a 3-for-1 stock split.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares lost 0.2% Thursday, pausing after recent gains, as they moved up to the right side of a new base. The stock fell 1.1% on Friday morning.

Microsoft stock rose 0.4% Thursday, adding to Wednesday’s big gains. The software giant is still in the lower 200-day long-term range. The stock has closed about 19% from its 52-week high. Microsoft fell 1% early Friday.

Be 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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