The Dow Jones Industrial Average is down after the jobless data. Alibaba jumps on profits

The Dow Jones Industrial Average fell Thursday morning after jobless claims data for the first time. Now investors are waiting for the July jobs report expected on Friday.


Thursday’s main earnings factors include Albemarle (ALB), Ali Baba (Papa) and what or what (what or what). IBD Leaderboard shares have also been on the move Cheniere Energy (liquefied natural gas) , Quanta Services (PWR), ELF Beauty (dwarf), ebay (ebay) and fortinet (FTNT).

Albemarle shares jumped nearly 4% thanks to strong earnings results. Alibaba stock rose 6%. APA shares fell 3.5%. Cheniere lost 1%. Quanta shares were trading down more than 1%. ELF stock gained more than 4%. eBay is down 4%. Fortinet is down more than 10%.

Tesla (TSLA) traded up about 1% early Thursday. Elsewhere, technology leaders at Dow Jones apple (AAPL) and Microsoft (MSFT) was slightly lower before the stock market opened today. And the Walmart (WMT) lost a fraction after the Wall Street Journal reported that the company is laying off hundreds of workers in an effort to restructure due to lower profits.

In the enhanced stock market environment, Dow Jones shares chevron (CVX) and United Health (United Nations) – well Equinor (EQNR), ExxonMobil (XOM) and Vertex Pharmaceuticals (VRTX) – Among the stocks to watch. Keep in mind that the constant volatility in the stock market is a reason to remain more conservative despite recent signs of strength.

Quanta, UnitedHealth and Vertex are IBD Leaderboard shares. Chevron and Exxon have appeared in the stock column near the buy zone this week. Exxon Mobil was the stock IBD on Friday.

Dow Jones today: Treasury yields, oil prices, unemployment claims

The Dow Jones Industrial Average lost 0.1%, while the S&P 500 Index rose inches. The tech-heavy Nasdaq Composite is up 0.3% in morning trading.

Among the exchange-traded funds, the Nasdaq 100 Invesco QQQ Trust (QQQ) Index is up 0.3%. The SPDR S&P 500 ETF (SPY) lost less than 0.1%.

The 10-year Treasury yield fell to 2.71% Thursday morning, on track to snap up a two-day winning streak. The 10-year Treasury yield is trying to recover after hitting its lowest level since early April. Meanwhile, US oil prices fell, with West Texas Intermediate crude futures trading below $90 a barrel.

Jobless claims were first released at 8:30 AM ET. Initial jobless claims rose to 260,000 vs. 256,000 in the previous week, in line with Econoday estimates. On Friday morning, the jobs report for July is due from the Labor Department. The US economy is expected to have added 250,000 jobs in July with an unemployment rate of 3.6%.

stock market rise

Wednesday’s bullish session saw gains of 2.6% by the Nasdaq, 1.3% by the Dow Jones Industrial Average, 1.4% by the Russell 2000 and 1.6% by the S&P 500.

Wednesday’s Big Picture column commented, “Volume is up 19% in the Nasdaq against the previous day. This is bullish. You want to see institutions stack stocks with abandon, especially during strong days like Wednesday.”

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Five Dow Jones stocks to watch right now

Dow Jones stocks to watch: Chevron, UnitedHealth

Dow Jones energy giant Chevron is building the right-hand side of a Fenjan base with 182.50 POIs. Be on the lookout for a potential handle to offer a lower entry. Chevron shares traded 0.2 percent lower on Thursday.

Health insurance giant UnitedHealth and IBD Leaderboard stock remain in a buying range above its double-handle base buy point at 518.80 amid Wednesday’s 1% gain, according to IBD MarketSmith chart analysis. Stocks fell on Thursday.

UN stock shows 94 solids of Class 99 IBD compounds, 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 on Cursstock market rise

Top stocks to watch: Equinor, Exxon, Vertex

Equinor’s IBD Leaderboard watchlist is trading close to its 38.80 double-bottom buying point after Wednesday’s 1.9% drop. Shares were down 2% Thursday morning.

On Friday IBD Stock Of The Day Exxon Mobil reclaimed the 50 day streak last week and topped the strong early entry around 93.24. But the energy giant gave up those two key levels on Wednesday, dropping 3.2%. Meanwhile, the cup base entry at 105.67 is also in play. XOM stock traded 1% lower early Thursday.

Vertex Pharmaceuticals continues to trade under the buy point of 279.23 with the handle and the 50-day line during the last slide. The company will announce its earnings late Thursday. Vertex shares added 1% early on.

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Tesla Stock

Tesla stock rose another 2.3% on Wednesday, extending the winning streak to six sessions. Stocks reached their highest level since early May but are still trying to decisively remove resistance around the 200-day line, a key level to watch.

Shares rose about 1% Thursday morning.

Dow Jones Leaders: Apple and Microsoft

Among Dow Jones stocks, Apple shares rose 3.8% on Wednesday, heading to the right side of a new base. The stock was down 0.2% Thursday morning.

Microsoft rose 2.8% on Wednesday, as the stock recovered from two consecutive days of losses. The software giant is still in the lower 200-day long-term range. The stock has closed about 20% from its 52-week high. Microsoft fell 0.4% early Thursday.

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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