Dow Jones Index Up 100 Points, But Apple Sells Off On iPhone Warning

Dow Jones Index Up 100 Points, But Apple Sells Off On iPhone Warning

The Dow Jones Industrial Average rose 100 points on Monday morning, but Apple stock fell afterward The company warned that it has reduced iPhone 14 production Due to Covid-19 restrictions in China.




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This week’s key earnings reports include Diamondback Energy (fang), Disney (dis), double check (DV), Dr. Horton (DHI), Lift (LYFT), mosaic (moss), Occidental (OXY), Roblox (RBLX) And the Shock Wave Medical (SWAV).

costco (cost) fell 1.3% on Monday after Wells Fargo lowered the rating from overweight to overweight. meta pads (dead) jumped 5% after a The Wall Street Journal report He indicated that the company plans to announce layoffs this week.

electric car giant Tesla (TSLA) is down more than 2% on Monday morning. Technology Pioneers at Dow Jones apple (AAPL) And the Microsoft (MSFT) was mixed after stock market today Open.

Among the top stocks to buy and watch are Arista Networks (Network), Cheniere Energy (liquefied natural gas), general dollar (DJ) And the pure storage (PSG) – as well as the shares of Dow Jones chevron (CVX) And the United Health (United nations). Keep in mind that the rally in the now faltering stock market is a reason for investors to exercise more defensiveness.

Cheniere is IBD Leaderboard stock. pure storage Last week appeared in the stock column near the buy zone, along with three other ideas for the hottest stocks. Pure Storage was also recently IBD stock today.

Dow Jones today: Treasury yields and oil prices

After the opening bell on Monday, the Dow Jones Industrial Average was up 0.2%, while the S&P 500 was down 0.1%. The heavy Nasdaq Composite lost 0.35% in the morning’s move.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(down 0.4%, SPDR S&P 500 ETF)spy) decreased 0.1%.

The 10-year Treasury yield fell to 4.15% on Monday morning, threatening to cut a three-day winning streak. Meanwhile, US oil prices saw a slight decrease. Last week, West Texas Intermediate crude futures hit their highest point since mid-October. West Texas Intermediate (WTI) crude futures were trading at less than $92 a barrel.

stock market struggles

On Friday, the Dow Jones Industrial Average rose 1.3%, while the S&P 500 gained 1.4%. The heavy Nasdaq Composite Index rose 1.3.

And commented on Friday the big picture“While the market is now past the painful stumble at the Fed meeting, there are more challenges ahead next week. On Thursday, the latest CPI data is due. This will cover the October period. In addition to Midterm elections are scheduled. With President Joe Biden suffering from poor approval ratings, there could be a split in Congress or even a red wave as Republicans seize both houses in the near future. Markets tend to go higher after the midterms.”

Now is an important time to read IBD’s The Big Picture column. After the recent sell-off, investors should focus more on playing defensively rather than buying breakouts.


Five Dow Jones stocks to buy and watch now


Dow Jones stocks to buy and watch: Merck, UnitedHealth

Member of Dow Jones and IBD 50 . stock Merck is still out of purchase after a double bottom base 93.12 point purchaseAnd the to me IBD MarketSmith Pattern Recognition. Merck shares were down 0.7% on Monday.

Healthcare giant UnitedHealth tries to outpace a cup with a handle 553.23 point purchaseAnd the to me IBD Market Smith. Stocks trimmed their losses to 1% on Friday, and settled below their recent entry. UN stock traded slightly lower on Monday morning.


4 growth stocks to watch at Cursstock market rally


Top Stocks to Watch: Arista, Cheniere, Dollar General, and Pure Storage

IBD Leaderboard Stock Watch List Arista Networks is trying to break through a buying point at 132.97 amid Friday’s 7.2% rally. Stocks fell on Monday morning.

IBD Leaderboard Cheniere Energy stock is down 3% on Friday, and is down about 4% below a buying point of 178.69 in a cup with a handle. Look for a decisive re-entry before buying a stock. LNG shares rose 0.5 percent on Monday.

The general dollar fell below 259.75 buying points at the base of the cup, as DG shares lost 0.5% on Friday, falling for the fifth day in a row. Now, the stock will look for support around the 50-day line. DG shares were up 0.2% early Monday.

Today’s latest stock of IBD, Pure Storage, last week breached the 31.62 buy point, but fell below that entry during Friday’s 0.5% decline. The stock was up on Monday.


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


Tesla Stock

Tesla stock It slipped 3.6% on Friday, barely holding above recent lows, about 50% from 52-week highs and sharply below the 50- and 200-day moving average lines.

Shares of the electric car giant fell 2.4% on Monday morning.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockShares of Apple Inc fell 0.4% on Friday, falling for the fifth day in a row. The stock fell more than 11% last week. Apple stock fell 1.4% on Monday after a warning about iPhone production.

“We now expect iPhone 14 Pro and iPhone 14 Pro Max shipments to be lower than we previously expected and customers will experience longer waiting times to receive their new products,” the company said.

Microsoft rebounded 3.3% on Friday, after slipping for four days and rising from a 52-week low. The software giant is about 37% from its 52-week high. Microsoft shares rose 0.75% 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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