December 2, 2022

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Dow Jones rises on key inflation data, Amazon dives, Apple jumps on profits

Dow Jones rises on key inflation data, Amazon dives, Apple jumps on profits

The Dow Jones Industrial Average rose on Friday on the back of another dose of inflation data, the Personal Consumer Spending Index. Amazon shares fell on weak sales expectations, while shares of Apple, Intel and Chevron jumped on the earnings win.


Amazon (AMZN) The company’s shares fell about 10% after the company’s announcement Third Quarter Results Late Thursday it outperformed earnings but gave a short outlook. apple (AAPLThe stock rose more than 4% in morning trading. Late Thursday, the tech giant Beat Wall Street Goals In the last quarter of the fiscal year thanks to strong sales of iPhones and Macs.

Meanwhile, the Fed’s preferred inflation gauge was released Friday morning at 8:30 a.m. ET. The PCE price index rose 0.3% for the month of September, in line with estimates. On a yearly basis, the PCE index rose 6.2%, cooler than the 6.3% estimate. Personal income rose 0.4% in September, slightly above estimates that called for a rise of 0.3%.

The PCE Price Index is a measure of inflation in the United States, tracking the change in the prices of goods and services purchased by consumers throughout the economy.

Stock Market Today: Chevron Earnings, Intel

Another major factor driving the gains on Friday was Dow Jones stocks. chevron (CVX) And the Intel Corporation (INTC), along with the energy giant ExxonMobil (XOM) and the leader of renewable energies First Solar (FSLR).

Chevron stock rose 1.9% while Intel stock jumped 8% next By beating expectations, for the third quarter and lowered its forecast for the fourth quarter. Exxon shares rose about 2%. And the The first solar energy stock It rose more than 2% despite not achieving its earnings and dividend targets.

electric car giant Tesla (TSLA) is down about 2% on Friday morning, while technology leader Dow Jones is trading Microsoft (MSFT) was higher yet stock market today Open.

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AutoZone (AZO), Cardinal’s health (CAH), Eli Lilly (LLY) And the Texas Roadhouse (TXRH) – as well as the shares of Dow Jones merck (Mrk) And the United Health Group (United nations) – among the top stocks to buy and watch. Keep in mind that the new stock market rally is the perfect time for investors to put their watch lists into action, and to hone… hierarchical technique.

Youth rallies often fail, especially those battling bear markets. Pyramiding provides a way to move into increasingly new equity positions, in order to reduce risk to capital.

Cardinal and Texas Roadhouse IBD Leaderboard Stores. United Health was featured In this week’s inventory column near the buying area, along with three more best stock ideas.

Dow Jones today: Treasury yields and oil prices

After the opening bell on Friday, the Dow Jones Industrial Average rose 1.2%, while the S&P 500 gained 0.7%. The tech-heavy Nasdaq Composite was up 0.6% in the morning’s move, with Amazon trading at the bottom of the list.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Up 0.2%, SPDR S&P 500 ETF)spy) rose 0.5%.

The 10-year Treasury yield rose to 4.01% on Friday morning, paring this week’s losses. On Monday, the 10-year Treasury yield closed at 4.23%, settling at its highest level since June 2008 before declining in the following three sessions. The 10-year Treasury yield is set to interrupt a 12-week winning streak.

Meanwhile, US oil prices fell more than 1% on Friday, threatening to end a four-day winning streak. West Texas Intermediate futures were trading at less than $88 a barrel.

The stock market continues to rise

On Thursday, the Dow Jones Industrial Average rose 0.6%, while the S&P 500 fell 0.6%. The tech-heavy Nasdaq Composite lost 1.6%.

Thursday the big picture He commented, “Investors should continue to track companies that easily outperform earnings results and have strong bullish reactions, such as Energy Enphase (ENPH), that was Stock today Wednesday IBD. They could be among the stock market leaders if the market is able to shrug off its recent losses and move higher.”

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Now is an important time to read IBD’s The Big Picture column. After last week’s strong gains, investors are willing to put their watchlists to work, in order to jump on future breakouts. But not all follow-ups work, so it is important to increase exposure slowly and methodically, as the new uptrend proves itself.

paying off IBD Stock ListsLike the defect 50 And the Stocks near the buying areastock ideas.

Five Dow Jones stocks to buy and watch now

Dow Jones stocks to buy and watch: Merck, UnitedHealth

Merck extended beyond the double-bottom 93.12 buy point after reporting Strong win in the third quarter on Thursday. The buying zone rose 5% to 97.78. Merck shares were trading slightly lower on Friday.

Healthcare Giant UnitedHealth Approaches 553.23 Handle Cups buy pointAnd the to me IBD MarketSmith Pattern Recognition. sThe wild rabbit fell 0.25% Thursday, holding back shy of the stock’s latest entry.

UN stockpiles rose 0.4% on Friday morning.

4 growth stocks to watch at Cursstock market rally

Top Stocks to Buy and Watch: AutoZone, Cardinal, Eli Lilly, Texas Roadhouse

Auto parts leader and Today’s latest stock of IBD AutoZone is out of buy after the 2,362.34 cup base buy point after the race is 4.05% higher on Thursday. The chase area rose 5% to 2480.46. AutoZone shares rose 0.1% on Friday.

IBD Leaderboard Cardinal Health is out of purchase after entering 71.22 for the short cup with handle, according to IBD Market Smith Graph analysis. Also, the shares are above 72.38 buying points for the flat base. Earnings set for November 4th. CAH stock added 0.7% early Friday.

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IBD SwingTrader Eli Lilly’s stock closed out of its buy range above a buy point at 335.43 a firm base, up 1.9% Thursday. Shares are up 1.3% on Friday morning, ahead of next Tuesday’s earnings report.

Texas Roadhouse moved further above 95.52 firm base buy points during Thursday’s 1.5% gain. But the stock fell 3.5% after the company’s earnings results.

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

Tesla Stock

Tesla stock It rose 0.2% on Thursday, rising for the third consecutive session and continuing to recover after hitting a 52-week low on Monday. Despite its recent gains, the stock closed about 46% from its 52-week high.

Shares of the electric car giant fell about 2% on Friday morning.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares sold 3.05% on Thursday, falling sharply for the second day in a row. Stocks encountered strong resistance around the 50-day line this week, a key level to watch. Apple stock rose more than 4% after the company’s earnings late Thursday.

Microsoft fell another 2% Thursday, heading towards its recent lows. Earlier this week, the stock encountered a clear resistance at the 50-day line. The software giant is about 35% from its 52-week high. Microsoft shares rose 0.4% Friday morning.

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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