Dow Jones Rises 500 Points Ahead of Inflation Data; fed meeting; Tesla shares near 2022 low

Futuros del Dow Jones: El repunte del mercado de valores espera las señales de pivote de la Fed;  Ganancias de avance de AMD Devon
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Dow Jones futures rose before the open on Tuesday after the Dow Jones Industrial Average rose 528 points on Monday. Tesla shares fell more than 6% on Monday, ending just below their 2022 lows.


Inflation data, Fed meeting

Consumer inflation data will be released on Tuesday morning. The CPI is expected to rise 0.3% for the month of November and 7.3% year-over-year, according to Econoday estimates. Also, the next Federal Reserve policy meeting takes place on Tuesday and Wednesday.

While the Fed has already forecast a 50 basis point hike, investors will be looking for further guidance on the Fed’s plans. A turnaround from aggressive tightening seems unlikely, but a respite from punitive rate hikes would be welcome. . according to the CME FedWatch Tooltraders place a 74% chance of a 50 basis point rate increase.

The 10-year Treasury yield rose to 3.61% on Monday.

monday afternoon, Oracle (ORCL) jumped 3% after the company’s earnings and sales numbers beat analyst estimates. More earnings reports this week include Darden Restaurants (RDI) Y lennar (LENGTH).

stock market today

On Monday, the Dow Jones industrial average rose 1.6%, or 528 points, and the S&P 500 rose 1.4%. The Nasdaq technology composite followed with an increase of 1.3%. Among exchange traded fundsNasdaq 100 follower Invesco QQQ Trust (QQQ) rose 1.3% and the SPDR S&P 500 (TO SPY) rose 1.4%.

electric vehicle giant tesla (TSLA) were trading 6.3% lower on Monday. Among dow jones stock, Apple (AAPL) rebounded by 1.6% and Microsoft (MSFT) gained 2.9% in stock market today.

Allegro Microsystems (ALGM), IBD Classification Table Values dexcom (DXCM), ELK (KLAC) Y Trane Technologies (TT) as well as the names of Dow Jones Caterpillar (CAT), house deposit (High Definition) Y united health group (UNH) are among the top stocks to buy and watch.

Dexcom and Trane are IBD Classification Table stocks. UnitedHealth it was presented This week Column Stocks near a buy zone. Allegro was a recent EII 50 Actions to observe selection. Caterpillar and Dexcom were recent IBD Stock of the Day companies.

4 Top Growth Stocks to Buy and Watch on the Current stock rally

Dow Jones Futures Today: Oil Prices

Before the opening bell on Tuesday, Dow Jones futures were up 0.6% versus 10%. fair value, while S&P 500 futures rose 0.5%. Tech-heavy Nasdaq 100 futures gained 0.5% versus 10%. fair value. Remember that overnight action in Dow Jones Futures and elsewhere does not necessarily translate into actual trading in the next regular stock Exchange session.

US oil prices rose more than 3% on Monday, rebounding from their yearly lows. West Texas Intermediate futures traded just above $73 a barrel.

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What to do in the stock market rally

Now is an important time to read. IBD’s The Big Picture column with the stock market trending back into a “confirmed uptrend.”

Although the Nasdaq and S&P 500 indices continue to trend higher, defense is still better than offense at this point due to current market volatility. That means it’s okay to look for stocks to buy, but keep positions small to start with, while keeping your overall exposure light.

When it comes to new purchases, what kind of feedback do you get from the market? Are your latest purchases progressing solidly? In that case, it’s okay to give them some space. But don’t be afraid to take partial profits if a profit reaches at least 10%. If new buys go the wrong way, or are met with an immediate sell-off, cut your losses when the stock is down 3-4%, rather than waiting for the 7%-8% rule to trigger

(Verify IBD Stock Lists As the IBD 50 Y Actions near a buy zonefor more action ideas).

Five Dow Jones Stocks to Buy and Watch Now

Dow Jones Stocks to Buy and Watch: Caterpillar, Home Depot, UnitedHealth

Dow Jones member Caterpillar is approaching 238 of a cup basis point of purchase, according to IBD MarketSmith Pattern Recognitionfollowing Monday’s 2.5% gain. CAT shares shows a solid 95 out of a perfect composite score of 99 IBD, according to the IBD Stock Check.

Home improvement retailer Home Depot finished less than 1% below the 329.77 buy point of the base cup handle on Monday after rising 2.3% for the session.

Healthcare giant UnitedHealth Group is charting a flat bottom with a buy point of 558.20. Stocks are just 2% off the latest entry on Monday.

Top Stocks to Buy and Watch: Allegro, Dexcom, KLA, Trane

Allegro MicroSystems ended in a buy range on Monday beyond the 32.07 buy point of cup with handle after the day’s slight rise. ALGM shares rose 0.1% on Monday. And the chase zone of the 5% rises to 33.67.

IBD Classification Table Dexcom shares tried to break above a buy point of 123.46 on a flat basis, but are about 5% below the entry after recent losses. Dexcom shares rose 0.3% on Monday.

Chip leader KLA moves further above a handled cup entry of 392.60 after Monday’s 1.9% advance. Bullishly, the relative strength line continues to mark new highs in the current market volatility.

Trane Technologies closed Monday around 4% below a buy point of 181.72 on a handle cup after the session’s slight dip.

Join IBD experts as they discuss the top stocks in the current stock market rally on IBD Live

tesla shares

tesla shares it slid 6.3% on Monday, giving up all of Friday’s gains and returning to its recent lows.

In recent weeks, TSLA shares hit their lowest level since November 1. on January 23, 2020, hitting a new 52-week low price at 166.19. The shares closed Monday at 167.82, about 58% below its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among dow jones stock, Apple shares rose 1.6% on Monday, but are still below their 50-day line after last week’s losses. The stock is more than 20% below its 52-week high.

Microsoft jumped 2.9% on Monday as shares continue to hold above the 50-day line. The software giant is still 27% below its 52-week high.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information on growth stocks and the Dow Jones Industrial Average.


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