The Dow Jones Industrial Average rose from early losses on Wednesday, struggling to recover after two consecutive losses. The financial season begins with financial giants JPMorgan and Goldman Sachs reporting quarterly results. The 10-year treasury yield added losses on Tuesday. U.S. oil prices rose above $ 102 a barrel.
Member of the Dow Jones JPMorgan (JPM) announced its quarterly results early on Wednesday Goldman socks (GS) Earnings ends Thursday morning. In the meantime, Delta Airlines (DAL) and Fastennel (Fast) Reported early Wednesday morning. Delta shares rose more than 4%. Fast stock fell nearly 2% in morning trade.
Among the Dow Jones leaders, Apple (AAPL) rose 0.2%, and Microsoft (MSFT) traded up 0.4% in today’s stock market.
Twitter (TWTR) rose nearly 3%, while the electric vehicle giant Tesla (TSLA) rose 0.5%, adding to Tuesday’s gains.
When the stock market struggled, Dow Jones was the financial leader American Express (AXP) – IBD Leaderboard with watch list shares Edwards Life Sciences (It), Murphy oil (Wall), Radion Technologies (RTX) and Shell (Shell) – Wednesday’s best stocks to buy and watch.
Shares of Microsoft and Tesla IBD Leaderboard. Shares of Edwards Life Sciences and Radion Technologies are featured in this week’s Near A by Zone column.
Dow Jones Today: Treasury yields, oil prices
After opening on Wednesday, the Dow Jones Industrial Average rose 0.4%, while the S&P 500 rose 0.35%. The tech-savvy Nasdaq rose 0.7% in morning trade.
Among exchange-traded funds, the Nasdaq 100 Tracker Invesco QQQ Trust (QQQ) was up 0.7%, and the SPDR S&P 500 ETF (SPY) was up 0.4% after opening on Wednesday.
The 10-year U.S. Treasury dividend hit a seven-day high on Tuesday, falling to 2.72% after briefly reaching its highest level since December 2018. The 10-year Treasury yield fell to 2.69% on Wednesday morning. Meanwhile, U.S. oil prices rose about 2% Wednesday morning as West Texas Intermediate crude traded above $ 102 a barrel.
The stock market rally continues to struggle
On Tuesday, the stock market recorded another disappointing performance, with major stock indices retreating from solid gains and ending with moderate losses. The Nasdaq closed below its 50-day line, which was a key support level to watch.
In Tuesday’s The Big Picture column, he said, “As you can see from the daily chart, the Tech-Weighted Index showed an outdoor day. In times of relative weakness, traders have no hesitation in loading stocks that have been overtaken by uncertainty. “
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Investors can create watchlists, find companies near the point of purchase, or create custom screens on IBD MarketSmith.
Dow Jones Earnings: JPMorgan
Dow Jones Bank announced its quarterly results for JPMorgan on Wednesday morning. Shares of JPM fell more than 3% in Wednesday morning trading as the company missed earnings targets. The stock closed more than 20% of its 52-week high on Tuesday.
Financial competitors Citigroup (C), Goldman Sachs, Morgan Stanley (MS) and Wells Fargo (WFC) will announce early Thursday.
Four Dow Jones stocks to watch now
Buy and View Dow Jones Shares: American Express
Dow Jones Financial Stock American Express 194.45 Finds Base in Cup-With-Hand showing Point of Purchase. AXP shares traded flat on Wednesday morning.
Keep track of the relative strength of the stock. In the midst of its recent boom, the RS lineup is nearing its old peak, but there is some work to be done ahead of a possible breakout. The RS line measures the price performance of a stock against the S&P 500. The RS tax should reach new highs on or shortly after the breakout to ensure the strength of the stock breakout.
Four Best Growth Stocks to Buy and View in CurseR.ent stock market rally
Stocks to buy and see: Edwards, Murphy, Radion, Shell
IBD Leaderboard Watchlist Stock Edwards Life Sciences continues to advance to the right of the cup base showing a buy point of 131.83. Shares fell 0.5% on Tuesday. Weakness on Monday could be the start of a handle, which would reduce the risk-optimal entry to 125.21. Shares of EW rose 0.8% on Wednesday morning.
Murphy Oil is finding a climbing platform with a buy point of 43.30. Following Tuesday’s gain of 0.8%, the stock is about 5% away from the latest entry. The MUR stock has a valid 99 IBD joint value, according to the IBD Stock Check. Shares rose more than 3% in early Wednesday.
Security contractor Radeon Technologies is a significant distance from the 104.44 purchase point of a flat base. The stock rose 0.5% on Tuesday, trading just 2% on the latest entry. Shares of RTX rose 0.7% on Wednesday morning.
Oil and gas producer Shell, April 1 IPT Stock of the Day, is below the 56.23 buy point of a flat base after a 1.2% rise on Tuesday. Shares of SHEL rose 2% on Wednesday morning, indicating an early return above the buying point.
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Tesla shares rose 0.5% on Wednesday, following a 1.1% gain on Tuesday. Shares of EV Company closed 14% lower on Tuesday at a low of 1,152.97.
The stock rose to 1,243.49 on November 4 and closed on Tuesday.
Dow Jones Leaders: Apple, Microsoft
Among Dow Jones stocks, Apple shares were up 1.15% on Tuesday, squarely below the double-digit 176.75 buying point. The stock is close to triggering a sales rule that reduces losses by 7% -8%. With that double-down entry, a handle buying point is also playing at 179.71. On the downside, AAPL stock gave its 50-day support level on Monday, indicating a further weakening. The stock rose 0.2% on Wednesday morning.
Software leader Microsoft fell another 1.1% on Tuesday as stocks fell further below their 50- and 200-day lines. The stock is up nearly 20% at its 52-week high. Shares of MSFT were up 0.4% at the start of Wednesday.
Don’t forget to follow Scott Lehtonen on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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