October 2, 2023

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Dow Jones drops 300 points after stock market sale; 7 Main Drivers of Profits | daily business investor

Dow Jones drops 300 points after stock market sale;  7 Main Drivers of Profits |  daily business investor

The Dow Jones Industrial Average plunged 300 points Friday morning, threatening to add to Thursday’s sharp stock market losses. Dow Jones stock American pass (AXP) And Verizon (VZSeven major drivers of earnings topped the day before the market opened on Friday.


Cleveland Cliffs (CLF), intuitive surgical (ISRG), Newmont (syllabus), Schlumberger (SLB) And Explode, Explode (Explode, Explode) among the drivers of earnings Friday morning.

Cleveland Cleveland stock jumped 5%. ISRG shares It fell more than 6% in early trading. Newmont stock fell 7%. Schlumberger stock is down about 2%. Snap decreased by less than 1%. After some wild moves late on Thursday.

Twitter (TWTR) more than 1% after Thursday’s gain of 1.2%. electric car giant Tesla (TSLA) slipped more than 1% on Friday morning. Tesla CEO Elon Musk said Thursday that he has secured $46.5 billion in funding to buy Twitter.

between the Dow Jones LeadersAnd apple (AAPL) slightly higher, while Microsoft (MSFT) 0.4% in Stock market today.

Amid the rally of the faltering stock market, the leader of Dow Jones Larva (cat) – along with IBD Leaderboard stock Edwards Live Science (EW), Expedia (EXPE), Raytheon Technologies (RTX) And coincidence (shill) – Among the biggest stocks to buy and watch on Friday.

Microsoft and Tesla IBD Leaderboard Stores. Caterpillar and Edwards Live Science appeared In this week Stocks near the buying area pole. It was Expedia Today’s stock from IBD.

Dow Jones today: Treasury yields and oil prices

After Friday’s opening, the Dow Jones Industrial Average lost 1.1%, while the S&P 500 was down 0.85%. The Nasdaq is down 0.3% in morning trading.

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within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) lost 0.3%. SPDR S&P 500 ETF (spy) decreased by 0.8%.

The 10-year Treasury yield was little changed after rising to 2.92% Thursday. On Thursday, the 10-year Treasury yield reached its highest level since December 2018. Meanwhile, US oil prices fell more than 1%, with Texas Intermediate crude trading around $102 a barrel.

Stock market rally continues to struggle

On Thursday, the stock market closed sharply lower, as major stock indices sold out with heavy losses.

Thursday the big picture The column commented, “At the market open, the Nasdaq Composite jumped 1.9% before reversing lower and selling 2.1%. On the downside, the tech-heavy index encountered resistance at the 50-day line and hit a new current low and the small-cap Russell 2000 stock fell. by 2.3%.

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Investors can also create watch lists, and find companies that approach buy pointsor develop custom screens in IBD Market Smith.

Five Dow Jones stocks to watch right now

Dow Jones earnings: Verizon

Verizon announced its first-quarter results early Friday, meeting earnings estimates and beating previous sales targets. Telecom giant Dow Jones directed full-year earnings to the bottom line of its range. The stock was down 3.7% in morning trading.

Verizon shares ended Thursday in a buying range, beating an entry of 54.80 in a cup with a handle.

Dow Jones stocks to buy and watch: American Express, Caterpillar

Dow Jones Financials American Express stock Thursday finished about 4% off a cup with 194.45 buy handles. Early Friday, American Express reported better-than-expected first-quarter results. AXP shares were down 0.3% on Friday morning.

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while, IBD SwingTrader Caterpillar stock is still in the buying range after a cup with handle 227.15 buy points despite Thursday’s 1.1% drop. The 5% buy space It rises to 238.51. Bullish indicator – RS line of the stock is at the highest level since June 2021. The shares are down 1.6% on Friday.

Four Growth Credits to Buy and Watch at Cursstock market rally

Stocks to buy and watch: Edwards, Expedia, Raytheon, and Shell

IBD Leaderboard Edwards Lifesciences stock is still consolidating above a cup with a buy point of 125.21 for the handle following Thursday’s 2.1% drop, according to IBD Market Smith Graph analysis. The buying zone rose 5% to 131.47. electronic warfare inventory 90 out of the 99 IBD rating shows the ideal compound, for every IBD stock check. EW shares fell more than 1% on Friday morning.

Today’s stock from IBD, Expedia, Build Mug with Handle, priced at 204.08 points. Stocks are trying to recover the 50-day line, but are facing some problems at this key resistance level. EXPE shares were up 0.2% early Friday.

Defense contractor Raytheon Technologies has abandoned a flat base 104.44 buy pips after stocks slipped 3.1% Thursday. RTX shares fell Friday morning. Raytheon announces earnings next week.

Oil and gas producer Shell remains in the buying range above 56.23 flat-base buying points despite Thursday’s 2% drop. Buying space increased 5% to 59.04. Shell shares fell on Friday morning.

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

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Tesla Stock

Tesla stock was down about 1% on Friday morning, threatening to give up part of Thursday’s 3.2% dividend-driven gain.

Shares of the EV giant closed Thursday about 12% from the handle cup’s buying point of 1,152.97. The stock traded as high as 1,243.49 on November 4 and ended Thursday about 19% from its all-time high.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares launched 7%-8% loss reduction base From 176.75 buying pips at a double bottom base last week. Meanwhile, the handle buy point is the latest entry point to watch at 179.71. The stock rose on Friday morning.

Software leader Microsoft rose 0.4% Thursday, but it’s still sharply below its 50 and 200-day lines. The stock is about 20% off its 52-week high. MSFT shares rose 0.4% early Friday.

Apple and Microsoft announce earnings next week.

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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