Dow Jones futures rose marginally on Thursday afternoon along with S&P 500 and Nasdaq futures as US markets were closed for the Thanksgiving holiday. Apple, Microsoft and Tesla are in the news.
X
The stock market rally was positive for the second consecutive session on Wednesday. Fed officials see a gradual rate hike “soon”, according to his November Fed minutes released Wednesday afternoon.
Nasdaq Leads, Helped by Rebounds Tesla (TSLA). All the major indices have risen strongly so far in a week of shortened holidays. But a longer pause for the market rally could be constructive.
Investors should be cautious about adding exposure given the significant technical resistance and notable economic reports ahead.
but, Dexcom (DXCM), united health (UNH), neurosecretory bioscience (NBIX), Medpace Holdings (MEDP) When shock wave medical (SWAV) are five healthcare stocks showing interesting moves.
DXCM strains and Neurocrine Biosciences are on IBD leaderboard, with the MEDP stock on the leaderboard watchlist. NBIX stocks and Medpace are on IBD50.
Tesla FSD Beta Release
Tesla CEO Elon Musk tweeted on Thursday that a full self-driving beta is now available for FSD owners in North America if they request it.
This could allow Tesla to recognize more deferred revenue from the FSD.
Despite its name, full self-driving is a Level 2 driver assistance system rather than offering full self-driving. The National Highway Traffic Safety Administration is investigating the safety of Autopilot and her FSD. The Justice Department is reportedly conducting a criminal investigation into Tesla’s self-driving claims.
Tesla shares rose 7.8% to 183.20 on Wednesday, rebounding from Tuesday’s bear market as Citigroup upgraded the EV giant from sale to pending. TSLA’s stock is down 19.5% so far this month, and will almost halve in 2022.
dow stock trading news
of Dow Jones Stock NewsApple (AAPL) reportedly interested in buying the English football giant Manchester United (Manu). The Federal Trade Commission microsoft (MSFTMore) purchase activision blizzard (ATVI) about $69 billion.
dow jones futures today
Dow Jones futures rose 0.1% to fair value. S&P 500 futures were up 0.2% and Nasdaq 100 futures were up 0.4%.
Mainland China has reported more than 31,000 Covid cases, including those without symptoms, above levels seen in mid-April during Shanghai’s lockdown. Symptomatic Covid infections are still below their April peak.
US stock exchanges will be closed on Thursday for the Thanksgiving holiday. On Friday, US exchanges close early at 1pm ET. However, other exchanges around the world are open on Thursdays and Fridays.
remember the night action dow futures Elsewhere, it doesn’t necessarily translate into the next regular real deal stock market session.
IBD experts analyze viable stocks in the stock market rally on IBD Live.
stock market rally
Wednesday’s rally in the stock market was somewhat wobbly, but continued to rise, led by tech stocks.
Initial unemployment claims rose to a three-month high, while continuing claims hit an eight-month high. S&P Global’s Purchasing Managers Index for US manufacturing and services both showed contraction.
The Fed minutes bolstered expectations for a 50 basis point rate hike at its December 14th meeting. The market favors him another 0.5 point move in February, but a quarter point gain is well possible.
The Dow Jones Industrial Average rose 0.3% on Wednesday. stock market tradingThe S&P 500 Index gained 0.6%, led by TSLA shares. The Nasdaq Composite rose 1%. Small-cap Russell 2000 he rose 0.1%.
US oil prices fell 3.7% to $77.94 a barrel. Natural gas futures rose 7.2%.
The 10-year Treasury yield fell 5 basis points to 3.71%. Two-year Treasury yields, which are more closely associated with the prospect of a rate hike by the US Federal Reserve (Fed), fell below 4.5%.
The US dollar has fallen sharply for the second time in a row, approaching recent lows.
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ETFs
iShares Expanded Tech Software Sector ETF (IGV) increased by 1.5%. VanEck Vectors Semiconductor ETF (SMH) increased by 0.9%.
SPDR S&P Metals & Mining ETF (XME) increased by 0.3%. US Global Jets ETF (jet) was 0.1% higher. SPDR S&P Homebuilders ETF (XHB) rose 0.5%. Energy Select SPDR ETF (XLE) fell 1.1%. Healthcare Select Sector SPDR Fund (XLV) rose 0.4%. His UNH stake, huge in the Dow Jones, is XLV’s top holding.
Reflecting more speculative story stocks, the ARK Innovation ETF (arc) rose 2.9%, while the ARK Genomics ETF (ARKG) 0.9%. TSLA stock is the primary holding of Ark Invest’s ETF.
5 Best Chinese Stocks to Watch Right Now
Featured stock
Dexcom shares rose 1.7% to 112.92 with support at the 21-day moving average. DXCM shares are on pause this month after a gap in his Oct. 28 earnings. Dexcom stock has 123.46 buy points from the 7 month consolidation and is probably holding the long handle. An investor can probably buy his DXCM stock from an early entry off the 21-day line, using Tuesday’s high of 113.88 as a specific buy point.
Medpace shares fell 1.3% to 218.81 on Wednesday. The stock has continued to consolidate near all-time highs after jumping 38% on Oct. 25 in response to earnings. Since then, MEDP’s stock has been deep and he has forged a messy handle into a cup base that lasts for a year. While the intraday price fluctuated wildly, MEDP’s share price is now on track to form a tight three-week pattern by Friday’s close. Investors may use the Nov. 15 closing price of 226.57 as an early entry above most of recent trading.
NBIX shares fell 1.5% to 118.97. The stock has extended since his October breakout and is consolidating near multi-year highs. Despite the plunge to 50 days line Last week, Neurocrine shares 3 weeks tight pattern We are well on our way to week 4. Technically, it’s 126.09. point of purchaseHowever, investors may want to wait for quieter action.
Shockwave shares rose 4.7% to 264.06 on Wednesday, crossing the 21-day line but hitting resistance at the 50-day line. After a failed breakout in late October followed by a steep decline through earnings, SWAV’s stock has rebounded in his past week. The new base will take longer, but aggressive investors can use his strong move over 50 days as an early entry.
UNH shares rose 1.3% to 529.71, breaking above the 50- and 21-day lines after briefly falling below the 200-day line last week. UnitedHealth shares once IBD long term leader And they still share many traits. Investors can take advantage of the pullback from the 50-day line as either an early entry or a long-term leader his entry. UNH stock needs to lay new ground after crash. cup base with handle It just failed last month.
Tesla vs. BYD: Which EV giant is better to buy?
Market rally analysis
Stock market gains fueled Tuesday’s rally. The S&P 500 surpassed his Nov. 15 intraday high and closed within 1% of his 200-day line.
The Russell 2000 reached the 200-day line.
The Nasdaq strengthened its bounce from Tuesday’s 21-day moving average, but is still below the short-term high of November 15 and well below its 200-day moving average.
The Dow Jones Industrial Average was within 20 points of its intraday high on Aug. 16.
The S&P 500 has significantly exceeded the 200-day line. This is roughly in line with the 1-year downtrend line. This is a great touchstone for the market to rise.
A slew of economic data could drive the Fed’s interest rate forecasts and, in turn, the stock market. On Wednesday, Nov. 30, the job openings will appear in his JOLTS report for October, with Fed Chairman Jerome Powell speaking later in the day. On Thursday, the Fed’s favorite inflation indicator, his PCE price index, will be released alongside unemployment claims and his ISM manufacturing index. Job reports for November will be submitted on Friday, November 2nd.
Ideally, the market will be flat for a few days, catching up with the line at least 21 days before heading into the economic report.
Time the Market with IBD’s ETF Market Strategy
what to do now
The market rally has shown some nice gains this week, with more stocks flashing buy signals over the past few days.
However, with the S&P 500 below the 200-day line and a very important economic data set for the Fed next week, we may be wary of any significant new purchases.
Also, consider taking a partial profit on stocks that rise quickly. Stocks are showing short-term gains amid choppy uptrends and sector rotation.
Still, investors should work hard on their investment shopping list, looking for setups and working names in different sectors.
read big picture Every day to stay in sync with market direction and major stocks and sectors.
Follow Ed Carson on Twitter. @IBD_E Carson Stock market updates and more.
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