The Dow Jones Industrial Average trimmed its losses on Friday morning, after… July jobs report stronger than expected. square parent roadblock (mint) is down 7.6% on its price earnings report before reducing losses. Tesla stock traded lower after shareholders approved plans for a 3-for-1 stock split.
In the enhanced stock market environment, Dow Jones shares chevron (CVX) And the United Health (United nations) – Beside Equinor (EQNR), hello from there (over here) And the monolithic power systems (MPWR) – Among the stocks to watch. Keep in mind that the constant volatility in the stock market is a reason to remain more conservative despite recent signs of strength.
Dow Jones today: Treasury yields, oil prices, jobs report
Early Friday, the Dow Jones Industrial Average was down 0.3%, and the S&P 500 was down 0.5%. The Nasdaq Technology Composite Index is down 1% in morning trading.
The 10-year Treasury yield jumped to 2.82% on Friday morning, retracing the entirety of Thursday’s decline. The 10-year Treasury yield is trying to recover after hitting its lowest level since early April. Meanwhile, US oil prices extended their sharp losses this week, after West Texas Intermediate crude futures fell on Thursday below $88 a barrel for the first time since mid-February.
Ministry of Labor Jobs report for the month of July He was released on Friday morning. The US economy added 528,000 jobs in July, well above the 250,000 expected increase from Econoday. The unemployment rate came in at 3.5%, better than the 3.6% estimate.
The strong jobs report could be bad news for the Dow Jones Industrial Average and other indices. Many investors are counting on the economy weak enough for the Fed to switch from raising rates to cutting rates in the first half of 2023.
stock market rise
On Thursday, the Dow Jones Industrial Average and the S&P 500 lost 0.3% and 0.1%, respectively. The technology-focused Nasdaq rose 0.4% to close at its highest level since May 4.
Thursday column big picture He commented, “The stock market took a breather after Wednesday’s strong gains, as major stock indexes closed quietly mixed ahead of the pivotal July jobs report on Friday.”
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Dow Jones stocks to watch: Chevron, UnitedHealth
Dow Jones energy giant Chevron is building the right-hand side of a Fenjan base with 182.50 POIs. But amid a four-day losing streak, stocks are back below the key 50-day line. Chevron stock traded 1% down on Friday.
health insurance giant IBD Leaderboard UnitedHealth stock is still in a buying range above its double-handle base buy point at 518.80 amid Thursday’s 1.3% loss, according to IBD Market Smith Graph analysis. Shares were down 0.5% on Friday.
UN stock Shows a solid value of 94 out of 99 perfect IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.
Top stocks to watch: Equinor, Heico, Monolithic
Norwegian oil giant Equinor is trading shy of a 38.80 buying point for the double-bottomed base after Thursday’s 3.6% drop. Shares lost 1.3% on Friday morning.
Chipmaker and Today’s stock from IBD Monolithic Power Systems continues to build the right side of the consolidation which contains 580.10 buy points. anticipate possible handle To make a lower entry. MPWR shares were down 1% early Friday.
Tesla stock rose another 0.4% Thursday, extending its winning streak to seven sessions. Stocks reached their highest level since early May but are still trying to decisively remove resistance around the 200-day line, a key level to watch.
Shares fell 2% Friday morning after shareholders approved plans for a 3-for-1 stock split.
Dow Jones Leaders: Apple and Microsoft
within Dow Jones stockApple shares lost 0.2% Thursday, pausing after recent gains, as they moved up to the right side of a new base. The stock fell 1.1% on Friday morning.
Microsoft stock rose 0.4% Thursday, adding to Wednesday’s big gains. The software giant is still in the lower 200-day long-term range. The stock has closed about 19% from its 52-week high. Microsoft fell 1% early Friday.
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