August 9, 2022

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The Dow Jones Industrial Average is down after the jobless data. Alibaba jumps on profits

The Dow Jones Industrial Average is down after the jobless data.  Alibaba jumps on profits

The Dow Jones Industrial Average fell Thursday morning after jobless claims data for the first time. Investors are now awaiting the July jobs report expected on Friday.


Thursday’s main earnings factors include Albemarle (ALB), Ali Baba (Baba) And the APA (APA). Also on the move were IBD Leaderboard Stores Cheniere Energy (liquefied natural gas), Quanta Services (PWR), ELF Beauty (dwarf), ebay (ebay) And the fortinet (FTNT).

Albemarle shares jumped nearly 4% Strong earnings results. Alibaba stock rose 6%. APA shares fell 3.5%. Cheniere lost 1%. Quanta shares were trading down more than 1%. ELF stock gained more than 4%. eBay is down 4%. fortinet fell more than 10%.

Tesla (TSLA) is up about 1% early Thursday. in another place, Technology Pioneers at Dow Jones apple (AAPL) And the Microsoft (MSFTIt was a little flat before stock market today Open. And the Walmart (WMT) He lost a small part after The Wall Street Journal reported, The company is laying off hundreds of workers in an attempt to restructure due to lower profits.

In the enhanced stock market environment, Dow Jones shares chevron (CVX) And the United Health (United nations) – Beside Equinor (EQNR), ExxonMobil (XOM) 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.

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Dow Jones today: Treasury yields, oil prices, unemployment claims

The Dow Jones Industrial Average lost 0.1%, while the Standard & Poor’s 500 Index rose. The tech-heavy Nasdaq Composite Index rose 0.3% in morning trading.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) rose 0.3%. and the SPDR S&P 500 ETF (spy) lost less than 0.1%.

The 10-year Treasury yield fell to 2.71% Thursday morning, on track to snap up a two-day winning streak. The 10-year Treasury yield is trying to recover after hitting its lowest level since early April. Meanwhile, US oil prices fell, with West Texas Intermediate crude futures trading below $90 a barrel.

Jobless claims were first released at 8:30 AM ET. Initial jobless claims rose to 260,000 from 256,000 in the previous week, in line with Econoday’s estimates. On Friday morning, the jobs report for July is due from the Labor Department. The US economy is expected to have added 250,000 jobs in July with an unemployment rate of 3.6%.

stock market rise

Wednesday’s bullish session saw gains of 2.6% by the Nasdaq, 1.3% by the Dow Jones Industrial Average, 1.4% by the Russell 2000 and 1.6% by the S&P 500.

wednesday big picture The column commented, “Volume is up 19% in the Nasdaq vs. the day before. This is bullish. You want to see institutions stack stocks with abandon, especially during strong days like Wednesday.”

If you are new to IBD, consider taking a look at stock trading system And the CAN SLIM Basics. He distinguishes chart patterns It is one key to investment guidance. IBD offers a wide range of Stock Growth ListsSuch as leaderboard And the SwingTrader.

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Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.

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 shares traded 0.2 percent lower on Thursday.

health insurance giant IBD Leaderboard UnitedHealth stock is still in a buying range above its double-handle base buy point at 518.80 amid Wednesday’s 1% gain, according to IBD Market Smith Graph analysis. Shares fell on Thursday.

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, Exxon, Vertex

IBD Leaderboard Equinor stock is trading on the watch list near the 38.80 buy point for the double bottom after Wednesday’s 1.9% drop. Shares were down 2% Thursday morning.

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 those two key levels on Wednesday, dropping 3.2%. Meanwhile, the cup base entry at 105.67 is also in play. XOM stock traded 1% lower early Thursday.

Vertex Pharmaceuticals continues to trade under the buy point of 279.23 with the handle and the 50-day line during the last slide. The company will announce its earnings late Thursday. Vertex shares added 1% early on.

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

Tesla Stock

Tesla stock rose another 2.3% on Wednesday, extending the winning streak to six 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 rose about 1% Thursday morning.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares rose 3.8% on Wednesday, heading to the right side of a new base. The stock was down 0.2% Thursday morning.

Microsoft rose 2.8% on Wednesday, as the stock recovered from two consecutive days of losses. The software giant is still in the lower 200-day long-term range. The stock has closed about 20% from its 52-week high. Microsoft fell 0.4% early Thursday.

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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