Dow futures fell ahead of Tuesday’s open after the Dow Jones Industrial Average rose 528 points on Monday. Tesla shares slid more than 6% on Monday, ending well off their 2022 lows.
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Inflation data, Fed meeting
Consumer inflation data is due on Tuesday morning. The consumer price index is expected to have increased 0.3% for the month of November and 7.3% year over year, Econoday estimates. In addition, the next federal policy meeting will be held on Tuesday and Wednesday.
While the Fed has already projected a 50 basis point increase, investors will be looking for more guidance on the Fed’s plans. A pivot of aggressive tightening is unlikely, but some relief from punishing rate hikes would be welcome. According to the FedWatch CMETraders place a 74% chance of a 50 basis point rate hike.
The 10-year Treasury yield rose to 3.61% on Monday.
late Monday, inspiration (ORCL) jumped 3% after the company’s earnings and sales numbers beat analysts’ estimates. More earnings reports include this week Darden Restaurants (DRI) And the Linar (flexible).
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 tech-heavy Nasdaq Composite followed, up 1.3%. within Exchange money tradedNasdaq 100 Invesco QQQ Trust Tracker (QQQ(up 1.3% and the SPDR S&P 500 Index)spy) by 1.4%.
electric car giant Tesla (TSLA) fell 6.3% on Monday. within Dow Jones stockAnd the apple (AAPL) increased by 1.6% and Microsoft (MSFT) gained 2.9% in stock market today.
Allegro Micro Systems (ALGM), IBD Leaderboard stock dexcom (DXCM), Kosovo Liberation Army (KLAC) And the Trane Technologies (TT) – 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 and Dexcom were recent IBD stock today comp.
4 growth stocks to buy and watch in Cursstock market rally
Dow futures today: oil prices
Before the opening bell on Tuesday, Dow Jones, S&P 500 and Nasdaq 100 technology futures lost 0.1% against fair value. Remember to work in overnight Dow Jones futures contracts and elsewhere that does not necessarily translate into actual trading in the next regular session Stock market session.
US oil prices rose more than 3% on Monday, rebounding from year lows. West Texas Intermediate futures traded just above $73,000 a barrel.
What to do in the stock market
Now is an important time to read IBD’s The Big Picture column With the stock market trend back to a “confirmed uptrend”.
Although the NASDAQ and S&P 500 are still in bullish trends, defense is still better than offense at this point due to the constant volatility in the market. This means it’s okay to look for stocks to buy, but keep trades small to start, while keeping your overall exposure light.
When it comes to new purchases, what kind of feedback are you getting from the market? Is your most recent purchase making solid progress? In this case, it’s okay to give them some space. But do not be afraid to take partial profits if the profit reaches at least 10%. If new purchases go in the wrong direction, or are met with an immediate sell-off, cut losses when the stock drops 3% to 4%, rather than waiting base 7%-8% Let’s go.
(paying off IBD inventory listings Like the defect 50 And the Stocks near the buy zonefor additional inventory ideas.)
Five Dow Jones stocks to buy and watch now
Dow Jones stocks to buy and watch: Caterpillar, Home Depot, UnitedHealth
The Dow Jones Caterpillar is close to 238 cup bases Point purchaseAnd the to me IBD MarketSmith Pattern Recognitionfollowing Monday’s gain of 2.5%. CAT stock 95 constants from the 99 IBD rating show the perfect compound, per IBD stock check.
Home Depot, the home improvement retailer, ended Monday down 1% below the 329.77 buy point of a cup holder with a handle following the session’s 2.3% advance.
Healthcare giant UnitedHealth Group is tracking a flat base with 558.20 buy points. The stock is just 2% off its most recent entry on Monday.
Top stocks to buy and watch: Allegro, Dexcom, KLA, and Trane
Allegro MicroSystems ended Monday in a buy range crossing a cup with a 32.07 buy point for the handle after the day’s slight rally. ALGM stock rose 0.1% Monday. Chasing zone rises 5% to 33.67.
IBD Leaderboard Dexcom stock attempted to break through the 123.46 buy point on a flat base, but is about 5% below the entry level after recent losses. Dexcom shares rose 0.3 percent on Monday.
Chip leader KLA is moving further above the cup with 392.60 entering the handle after Monday’s rally of 1.9%. On the upside, the RSI line continues to make new highs in light of the constant fluctuations in the market.
Trane Technologies ended Monday about 4% below 181.72 buy points in a cup with a handle after falling slightly in the session.
Join IBD experts as they analyze the leading stocks of the current stock market rally on IBD Live
Tesla stock
Tesla shares It fell 6.3% on Monday, giving up all of Friday’s gains and returning towards recent lows.
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, but remain below the 50-day line after last week’s losses. The stock is more than 20% off its 52-week high.
Microsoft stock jumped 2.9% on Monday, as shares continued to hold above the 50-day line. The software giant is still about 27% off its 52-week high.
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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