The Dow Jones Industrial Average rose more than 600 points on Tuesday after cooler-than-expected inflation data was released. The Federal Reserve’s two-day monetary policy meeting will also begin on Tuesday. Boeing shares jumped more than a point after receiving a new Dreamliner order from United Airlines.
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CPI inflation data
inflation data The Consumer Price Index showed a 0.1% rise in November, cooler than the expected 0.3% rise. The index rose 7.1% year over year, below Econoday’s forecast of 7.3%.
In addition, the Fed’s next meeting on Tuesday begins with an interest rate decision on Wednesday. While the Fed has already sent a heavy cable to raise 50 basis points, investors will be looking for more guidance on the Fed’s plans. According to the FedWatch CMETraders place a 79% chance of a 50 basis point rate hike.
late Monday, inspiration (ORCL) reported earnings and sales figures that topped analyst estimates. Oracle shares jumped 4% in morning trading. More earnings reports include this week Darden Restaurants (DRI) And the Linar (flexible).
electric car giant Tesla (TSLA) rose on Tuesday by 4%. Among Dow Jones stocks, Boeing (BA) jumped 3% after that United Airlines (UAL) has ordered at least 100 of the aviation giant’s 787 Dreamliners, with an option to purchase 100 more new aircraft. Boeing shares extended beyond 173.95 buy points at the base of the cup.
Technology pioneers at Dow Jones apple (AAPL) And the Microsoft (MSFT) were also sharply higher after stock market today Open.
Allegro Microsystems (ALGM), IBD Leaderboard stock dexcom (DXCM), Kosovo Liberation Army (KLAC) And the Interactive Brokers (IBKR) – as well as the names of the Dow Jones Larva (cat), Home Depot (HD) And the United Health Group (United nations) – among the top stocks to buy and watch.
Dexcom and Trane are the two IBD Leaderboard Stores. United Health were featured In this week Arrows near the buy zone column. Allegro was modern IBD 50 shares to watch. Caterpillar, Interactive Brokers, and Dexcom were recent IBD stock today comp.
Dow jones today: oil prices and treasury yields
After the opening bell on Tuesday, the Dow Jones Industrial Average rose 2%, with Boeing and merck (Mrk) rose by more than 2% after clinical trials showed positive results from Combined cancer treatment with Moderna (mRNA). Moderna stock rose more than 10% early Tuesday.
The S&P 500 was up 2.6%, and the Nasdaq Technology Composite was up 3.7% in the morning moves.
within Exchange traded fundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(up 3.7%, SPDR S&P 500 ETF)spy) rose 2.6% early on Tuesday.
The 10-year US Treasury yield fell to 3.44% Tuesday morning, declining after the release of consumer price index inflation data.
Meanwhile, US oil prices continued their recovery on Tuesday morning, rising 1.6%. West Texas Intermediate futures traded above $73 a barrel. Natural gas futures rose for a fifth consecutive advance, up 3.7% in early trade to $6.83 per million British thermal units.
Stock market rise
The stock market ended Monday with strong gains. The Nasdaq Composite was up 1.3%, the S&P 500 was up 1.4%, and the Dow Jones Industrial Average was up 1.6%. The Russell 2000 Index rose 1.2% and found support at the 50-day moving average.
Monday’s Big Picture column He commented, “Indices are in an inconclusive phase, trading above support levels but also testing resistance. NASDAQ is still above its levels 50-day moving average and 11,000. But the S&P 500 encountered resistance at the 200-day moving average and has yet to reclaim 4,000.”
Now is an important time to read IBD’s The Big Picture column Amidst the constant fluctuations in the stock market.
Five Dow Jones stocks to buy and watch now
Dow Jones stocks to buy and watch: Caterpillar, Home Depot, UnitedHealth
Dow Jones member Caterpillar continues to move away from the 238 cup base Point purchaseAnd the to me IBD MarketSmith Pattern Recognitionfollowing Monday’s advance of 2.5%. CAT stock 95 constants from the 99 IBD rating show the perfect compound, per IBD stock check. CAT stock rose 2% on Tuesday.
Home Depot, the home improvement retailer, ended Monday nearly 1% below the $329.77 buy point for a cup coaster and handle. HD stock rose more than 5% Tuesday morning, clearing its last point of purchase.
Healthcare giant UnitedHealth Group is tracking a flat base with 558.20 buy points. The stock is only 3% off the most recent entry. United Nations shares were up 0.3% early on Tuesday.
4 growth stocks to watch in Cursstock market rally
Top stocks to buy and watch: Allegro, Dexcom, KLA, and Interactive Brokers
Allegro Microsystems ended Monday in a buy range crossing a cup buy point with a 32.07 handle following the day’s gain of 0.1%. ALGM stock rose about 3.5% on Tuesday.
IBD Leaderboard Dexcom stock is trying to break buy point 123.46 in flat bottom which is just below entry point. Dexcom shares It rose 2.3% early on Tuesday.
Chip leader KLA is moving further after entering the cup with a handle at 392.60 after Monday’s 1.9% rally. On the upside, the RSI line continues to make new highs in light of the constant fluctuations in the market. KLA shares rose 3.8% on Tuesday.
Interactive Brokers formed a mug with handle Style with the official 81.56 Point purchaseto me IBD Market Smith analytics. But stocks are below the 50-day line after Monday’s losses. A decisive restoration of this level would be bullish for the stock’s immediate outlook. IBKR Stock It rose 1.5% on Tuesday.
Join IBD experts as they analyze the leading stocks of the current stock market rally on IBD Live
Tesla stock
Tesla stock It fell 6.3% on Monday, giving up all of Friday’s gains and returning towards recent lows. Shares rebounded 4% Tuesday morning.
In recent weeks, TSLA stock has reached its lowest level since November 23, 2020, and reached a new 52-week low of 166.19. Shares closed Monday at 167.82, about 58% from their 52-week high.
Dow Jones leaders: Apple and Microsoft
within Dow Jones stockApple shares rose 1.6% on Monday, still below its 50-day benchmark. The 50 day line, which was a key support level, has turned into a resistance area to watch. The stock is up about 21% from its 52-week high. Apple stock rose 3.4% on Tuesday.
Microsoft stock jumped 2.9% on Monday, as shares continued to hold support at the 50-day line. The software giant is still about 27% off its 52-week high. Microsoft shares rose 3.6 percent early on Tuesday.
Be sure to follow Scott Lehtonen on Twitter at @tweet Learn more about developing stocks and the Dow Jones Industrial Average.
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