Monday, June 17, 2024
HomeEconomyDow falls as Tesla rises in stock split plan; Bitcoin tops...

Dow falls as Tesla rises in stock split plan; Bitcoin tops $47,000


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The Dow Jones Industrial Average fell on Monday morning, as the price of Bitcoin surged over the weekend. Treasury yields took a breather after a jump on Friday, while US oil extended losses to trade below $109 a barrel. Tesla stock raced higher on news that the company wants to split its shares in the form of a dividend.


in between Dow Jones stockAnd the an Apple (AAPL) is down more than 1% on the back of reports that the company plans to cut production on some iPhones. Microsoft (MSFT) rose 0.5% in Stock market today. United Health (United nations), a Dow Jones stock to watch, ended Friday in a buying range after the recent breakout.

Tesla (TSLA) rose about 5% early Monday, on track to recover from Friday’s modest loss.

Amidst the strong uptrend of the stock market, IBD Leaderboard Inventory Arista Networks (Network), from Broadcom (AVGO), European Wax Center (EWCZ), GlobalFoundries (GFS) And the CVS Health (CVS) is among the biggest stocks to buy and watch on Monday.

Arista, Microsoft and Tesla IBD Leaderboard Stores. European wax appeared last week IPO Leaders Column. and Broadcom was featured last week Stocks near the buying area vertical.

Dow Jones today: Treasury yields and oil prices

After the market opened on Monday, the Dow Jones Industrial Average was down 0.2%, while the S&P 500 was down 0.1%. The Nasdaq was up 0.1% in morning trading.

in between Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Up 0.1%, the SPDR S&P 500 ETF)spy) is down 0.1% after opening on Monday.

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The 10-year US Treasury yield fell to 2.48% on Monday after Friday’s rise to 2.49%. US oil prices extended losses on Monday morning, with West Texas Intermediate crude down 7% to trade below $106 a barrel.

Bitcoin price

Bitcoin rose over the weekend and into Monday’s trading, surpassing $47,500 before pulling back. Bitcoin traded around $47,300 in early trading Monday, after Friday’s close at $44,400, according to CoinDesk. Since the beginning of the year to date, the value of Bitcoin has increased by about 2%.

Cryptocurrency exchange Queen Piece (CurrencyIt jumped 4% early Monday, while the ProShares Bitcoin Strategy ETF jumpedBeto6% advance.

stock market rise

The stock market posted mixed results on Friday, with the Dow Jones Industrial Average and S&P 500 ending with modest gains, while the Nasdaq fell. For more daily stock market commentary, check out IBD The Big Picture vertical.

friday big picture The column commented, “Encouraging too? After last week’s strong advance that encapsulated days of follow-up by both the S&P 500 and the Nasdaq, the market refused to concede these gains.”

If you are new to IBD, consider taking a look at stock trading system And the CAN SLIM Basics. Distinguish chart patterns It is one key to investment guidance. IBD offers a wide range of Stock Growth ListsSuch as leaderboard And the SwingTrader.

Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.

Four Dow Jones stocks worth watching right now

Dow Jones Buy & Watch: UnitedHealth

Managed care giant UnitedHealth shows a 500.10 point of purchase with a handle insert on a double-bottomed base. Stocks were anchored in a buying range above that entry despite Friday’s slight loss. United Nations shares rose 0.2 percent early on Monday.

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bullish, stock Relative force line It is approaching new highs, indicating a significant outperformance in the stock market.

Four growth stocks to watch at Cursstock market rally

Stocks to buy and watch: Arista, Broadcom, GlobalFoundries, CVS

IBD SwingTrader Arista Networks stock is in a buying range above a double bottom 133.97 buy points. Shares fell 0.9% Friday, according to IBD Market Smith Graphs. The stock was down 0.5 percent early on Monday.

Chips giant Broadcom rose 0.4% on Friday, moving further above the early entry at 614.74. The arrows continue to rise on the right side of New cup base. cup base Suitable point of purchase It is 677.86. AVGO shares were flat on Monday morning.

IPO last week week stock, the European candlestick center, finished on Friday just above 31.59 buying points for a double bottom. Shares of EWCZ are up about 2% early Monday.

GlobalFoundries is now extended above the 73.35 buy point for the cup base following Friday’s 3.6% advance. The buying zone rose to 77.02. GFS stock fell more than 1% on Monday morning.

Last IBD stock today CVS Health continues to build a profile flat base With 111.35 buy points and about 2% away from the entry point. CVS shares were down 0.7% Monday morning.

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

Tesla Stock

Tesla stock It was up nearly 5% early Monday, racing closer to 1,208.10 buying points for the cup base. early monday, Tesla said Shareholder approval will be required to increase the number of Tesla shares to enable a stock split in the form of dividends.

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The stock traded as high as 1243.49 on November 4, but on Friday finished about 19% off its all-time high.

Dow Jones Leaders: Apple and Microsoft

in between Dow Jones stockApple shares rose 0.4% on Friday, extending their nine-session winning streak. The stock climbed back above the 50-day line and is just below a buy point at 176.75, a double bottom. AAPL stock fell 1.1% early Monday after that Nikki Asia It stated that the company plans to reduce its iPhone SE and AirPods production due to weaker-than-expected demand.

Shares of software leader Microsoft fell 0.1% on Friday, as shares struggled to decisively reclaim the 200-day streak. Microsoft shares rose 0.5% Monday 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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