The Dow Jones Industrial Average Soared in November and Other Stock Market Updates
On Friday, the Dow Jones Industrial Average turned slightly higher following a strong November performance. This came ahead of an appearance by Fed Chair Jerome Powell and after Tesla stock stumbled at the Cybertruck delivery event.
Jerome Powell is scheduled to join a fireside chat at Atlanta’s Spelman College at 11 a.m. ET, followed by a roundtable discussion at 2 p.m. Additionally, economic indicators such as the S&P Global Purchasing Managers’ Manufacturing Index and the Institute of Supply Management Manufacturing index are set to be released.
Earnings movers for Friday include Ambarella, Dell, Elastic, Marvell Technology, Samsara, UiPath, and Ulta Beauty. Stocks such as Ambarella, Dell, and Marvell Technology are experiencing significant movement.
Oil Prices and Treasury Yields
As the stock market enters December, the Dow Jones Industrial Average and the S&P 500 are showing slight movements. Meanwhile, the Nasdaq composite lost ground in morning trading. Key ETFs, such as the Nasdaq 100 tracker Invesco QQQ Trust and the SPDR S&P 500 ETF, are also experiencing dips.
On Thursday, the stock market indexes saw mixed finishes. The Dow Jones Industrial Average and the S&P 500 recorded significant gains for November, with the Nasdaq composite also showing promising performance.
Best Stocks To Watch
Leading stocks such as Advanced Micro Devices, Amazon, Cloudflare, and MongoDB are among the stocks to watch in the current market rally. These stocks are showing noticeable movements and have the potential for growth.
Dow Jones Stocks To Watch
Software giants such as Salesforce and payment leader Visa are in focus as they make strides in the market. These companies are poised to experience potential growth and are important to keep an eye on in the coming days.
Best Stocks In Today’s Stock Market Action
Here are some of the best stocks to watch in today’s stock market, including a Dow Jones leader along with its correct buy point and type of buy point.
- Amazon (AMZN) – 145.86 – Cup base
- UnitedHealth (UNH) – 546.78 – Handle entry
- Cloudflare (NET) – 76.07 – Cup base
- Advanced Micro Devices (AMD) – 122.11 – Cup with handle
Magnificent Seven Stocks
Among the so-called “Magnificent Seven” stocks, Tesla and Nvidia are showing early signs of decline, while other stocks such as Amazon and Cloudflare are demonstrating promising movements.
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