The Dow Jones Industrial Average is ahead of the earnings of major tech companies

The Dow Jones Industrial Average rose on Monday morning, looking to recover from Friday’s heavy stock market sell-off. Technology earnings will rise this week with reports from the alphabet (GOOGL), Amazon.com (AMZN), apple (AAPL), meta pads (META) and Microsoft (MSFT).




X



Alphabet and Microsoft will report on Tuesday. Identification earnings are due on Wednesday. Amazon and Apple earnings Thursday.

Tesla TSLA stock is down about 1% early Monday. Elsewhere, technology leader Apple Inc. traded in the Dow Jones 0.2% and Microsoft lost 0.5% before the stock market opened today.

In a volatile uptrend in the stock market, the leader of the Dow Jones United Health (United Nations) – well ELF Beauty (dwarf), Quanta Services (PWR) and Navigation Vira (VRRM) – Among the stocks to watch. Keep in mind that although the market has shown bullish signs of strength, the constant volatility is a reason to remain cautious.

UnitedHealth is the IBD Leaderboard stock. Verra appeared in the stock column near the buy zone last week and was one of the most recent stocks today from IBD.

Dow Jones today: Treasury yields and oil prices

After Monday’s opening, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 gained 0.2%. The tech-heavy Nasdaq Composite was down 0.1% in morning trading.

Among the exchange-traded funds, the Nasdaq 100 index tracking the Invesco QQQ Trust (QQQ) is down 0.1%. The SPDR S&P 500 ETF (SPY) was up 0.15%.

The 10-year Treasury yield rose to 2.83% on Monday morning, rebounding after two consecutive losing sessions. On Friday, the 10-year Treasury yield reached its lowest level since late May. Meanwhile, US oil prices rebounded, with West Texas Intermediate crude futures up more than 1% to trade above $96 a barrel.

stock market rise

On Friday, the stock market posted a disappointing move, with the Nasdaq taking the biggest hit, falling 1.9%.

Friday’s big picture column commented, “Multiple distribution days fell off count on Thursday, which is positive for the emerging bullish trend. Despite strong weekly gains for indices, uptrend remains under pressure. Indices face resistance around round numbers; 12000 for Nasdaq Composite Index.” , 4,000 for the S&P 500 and 32,000 for the Dow Jones.”

If you are new to IBD, consider taking a look at the CAN SLIM Stock Trading System and Basics. Recognizing chart patterns is one of the keys to investing guidance. IBD offers a wide range of developing stock listings, such as Leaderboard and SwingTrader.

Investors can also create watch lists, find companies close to a point of purchase, or develop custom displays at IBD MarketSmith.


Five Dow Jones stocks to watch right now


Dow Jones stocks to watch: UnitedHealth

Health insurance giant and stock IBD Leaderboard UnitedHealth is just above its double-handle base buying point at 518.80 after Friday’s 0.2% loss, according to IBD MarketSmith chart analysis. Shares are up 1% on Monday.

UN stock shows 95 solids of Class 99 IBD, per IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.


4 growth stocks to watch at Cursstock market rise


Top Stocks to Watch: ELF Beauty, Quanta, Verra

ELF Beauty is back below 33.54 pips in a cup with a handle after Friday’s slip of 4.1%. The RS line reached a new high last week, which is an indication of an outperformance in the stock market. Shares of ELF rose 1.4% on Monday, after Stifel Nicolaus raised his price target from 29 to 34.

Quanta Services finalizes a teacup base with a handle of 138.56 buy points, according to IBD MarketSmith chart analysis. Meanwhile, an early entry at 133.68 is also playing a role. Shares were trading up about 2% in morning trading.

Verra Mobility continues trading without a cup with a buy point of 16.83 for the handle following Friday’s 1% loss. The RS line of the stock continues to show tremendous strength as it reached a new high last week. Vera shares rose 1% Monday morning.


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


Tesla Stock

Tesla stock rose 13.4% last week, buoyed by strong earnings results late Wednesday. Stocks closed the week in an eight-day winning streak, and are at their highest level since early May.

Shares were down nearly 1% on Monday morning.

Dow Jones Leaders: Apple and Microsoft

Among Dow Jones shares, Apple shares fell 0.8% on Friday, but are closing on their 200-day long streak. Stocks regained the 50-day streak after the upward movement in recent weeks. Apple earnings are due on Thursday. The stock traded 0.2% higher on Monday morning.

Microsoft stock fell 1.7% on Friday, testing support around the 50-day line. The stock has closed about 26% from its 52-week high. The software giant will announce quarterly results on Tuesday. Microsoft shares fell 0.5 percent early on Monday.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

You may also like:

Top growth stocks to buy and watch

Learn how to time the market with IBD’s ETF Market Strategy

Find the best long-term investments with IBD long-term leaders

MarketSmith: Research, charts, data, and training in one place

How to Find Growth Stocks: Why IBD Simplifies Finding Top Stocks

Leave a Comment