The Dow Jones Industrial Average and other major stock indexes rose on Friday, as Wall Street awaited a report on consumer confidence and inflation data. Meanwhile, apple (Apple) was one of the early losers in today’s stock market.
After the opening bell, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 rose 0.4%. The Nasdaq Composite Index, which is dominated by technology stocks, rose 0.6% in early trading.
↑
X
Nasdaq rises after sell-off: Tesla, Astera Labs, Rubric in focus
Early Friday, the 10-year Treasury yield fell to 4.19%. Oil prices rose, with West Texas Intermediate crude futures trading around $71.05 per barrel.
Among the exchange-traded funds is the Invesco QQQ Trust (QQQ(It rose 0.6%, and the SPDR S&P 500 ETF also rose)spy) rose 0.4% after the open.
Nvidia, Apple, and Tesla highlight how to navigate today’s stock market
Apple shares cut losses
Apple shares trimmed losses to 0.1% on Friday morning after KeyBanc downgraded Apple shares to Under Sector Weight, with a price target of 200. Meanwhile, data from research firm IDC showed that iPhone sales in China fell by 0.3%, while Huawei reported a 42% rise in Q3 2024.
Apple stock last week broke above the 233.09 cup-with-handle entry level but is back below the buy indicator and is trying to find support around the 50-day line.
Stock Market Today: Profits Drivers
Earnings drivers include Friday morning AppFolio (APPF), Decker outdoors (Deck), Skechers (SKX) and Texas Roadhouse (TXRH).
AppFolio shares jumped more than 10% in morning trading, while Deckers rose nearly 12%. Skechers stock rose 1%, and Texas Roadhouse rose more than 2%.
The University of Michigan Consumer Confidence Index is scheduled to be released at 10 a.m. ET and is expected to come in at 69.0, up slightly from 68.9 in September. It is also expected to find one-year inflation steady at 2.9%.
Nvidia stock takes down Microsoft, but Apple still dominates
Best stocks to watch
On Thursday, the Dow Jones Industrial Average fell 0.3%, while the S&P 500 rose 0.2%. The Nasdaq Composite ended the day up 0.8%, near session highs. The Russell 2000 index of small companies rose.
During Thursday IBD live showthe IBD Live team discussed current trading conditions and how investors should deal with stock market movement.
Among the best companies to watch in today’s stock market is… Mercadolibre (Millie), Uber technologies (Uber) and United Remedies (UTHR).
Notable Dow Jones components are Amazon.com (Amzn), apple (Apple), JPMorgan Chase (JBM) and Microsoft (MSFT).
Apple and MercadoLibre appear in the column of stocks near the buy zone.
There was one new stock IBD MarketsorgThursday’s Breaking Out Today list, which is Cboe global markets (Kabwe), which briefly topped a 216.14 buy point. Check for more names on the site Near Axis menu.. To find additional stock ideas, check out IBD stock lists such as Bahraini dinar 50, Large cap 20 The stock is near the buy zone.
Nvidia is eager to break the record. It’s just one of 19 “perfect” stocks.
Dow Jones: JP Morgan is approaching a buy point
JPMorgan, the Dow’s financial leader, continues to flirt with a flat base buy point of 225.48, according to Recognize MarketSurge patterns. Shares rose slightly on the stock market today.
Outside of the Dow Jones, retail giant MercadoLibre is on a flat base with a buy point of 2,161.73. The stock is also finding support along the 50-day moving average. Shares fell 0.4% on Friday.
Uber Technologies fell sharply below an 82.14 buy point in a consolidation amid recent losses. After Thursday’s decline, Uber stock fell in Friday trading.
Finally, United Therapeutics stock fell below a buy point of 366.08 during three days of losses. Stocks rebounded modestly on Friday.
This ‘Big Daddy’ Is Crashing All Mag 7 Stocks Except Nvidia Now Pay Attention To This.
Stock Market Today: Companies to Watch
These are four stocks that are in or near buy zones in the stock market today.
| Company Name | code | Correct point of purchase | Point of purchase type |
|---|---|---|---|
| Ferrari | (race) | 498.23 | Flat base |
| Taiwan Semiconductor Co., Ltd | (TSM) | 175.45 | Cup with handle |
| Service now | (now) | 850.33 | Flat base |
| Uber technologies | (Uber) | 82.14 | Unification |
Source: IBD data as of October 14
Join IBD experts as they analyze leading stocks on IBD Live
Seven great pre-market stocks: Alphabet, Meta, Nvidia, Tesla
Among the seven great stocks, alphabet (Google) and Meta platforms (dead) by 0.6% and 1% respectively in the stock market today.
Google subsidiary Alphabet is currently holding a higher level of support around the 50-day moving average. The stock is still well below its previous highs. Meta stock has hit a new high in recent weeks, rising further above the alternative entry level of 544.23, but is now pulling back to its 50-day line.
Nvidia (NVDA) touched new highs earlier this week before pulling back. On Friday morning, shares were up 0.9%, just above an alternative entry level of 131.26. The stock was also just below its traditional buy point of 140.76.
Electric car giant Tesla (TSLA) threatened to decline after Thursday’s massive nearly 22% surge in the company’s third-quarter earnings report. Tesla stock fell 0.8% on Friday. Shares have reclaimed bullishly the 50-day line inside the cup with the handle containing a buy point of 264.86.
Dow Jones leaders: Amazon, Microsoft
Among the Dow Jones components of the Magnificent Seven, Amazon shares are holding above their 50-day line, near a 195.37 buy point in a cup with handle. The stock rose 1% on Friday.
Microsoft shares bullishly reclaimed their 50-day line during Tuesday’s rally and are approaching a buy point at 441.85. On Friday morning, the stock rose 0.6%.
Be sure to follow Scott Lehtonen on XV @IBD_SLehtonen To learn more about growth stocks, the Dow Jones Industrial Average, and today’s stock market.
You may also like:
Check out the new IBD exposure levels to help you stay on top of the market trend
The best growth stocks to buy and watch in today’s stock market
Learn how to time the market with IBD’s ETF market strategy
Find the best long-term investments with IBD’s long-term leaders
Instant buy points and sell signals by recognizing MarketSurge patterns
“Devoted student. Bacon advocate. Beer scholar. Troublemaker. Falls down a lot. Typical coffee enthusiast.”