Dow futures rose slightly of late after the stock market rose on Monday. Twitter stock jumped as Tesla CEO Elon Musk signed a deal to buy the company in a $44 billion deal.
American Packaging Company (PKG) was the main driver of profits after the close. PKG shares rose more than 1.5% in extended trade.
On Monday, the Dow Jones Industrial Average reversed sharp losses to gain 0.7%, while the S&P 500 gained 0.6%. The Nasdaq Technology Composite Index advanced 1.3%. within circulating money exchangeNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Gained 1.3%, SPDR S&P 500 ETF)spy) rose 0.6% on Monday.
Overview of the US stock market today
|Standard & Poor’s 500||(0S & P5)||4296.43||+24.65||+0.58|
Last update: 4:42 PM ET 4/25/2022
Oil stocks were among the weakest performing stocks today, with US oil prices down more than 3%. West Texas Intermediate crude was trading at less than $99 a barrel. Schlumberger (SLB) slipped over 7%. Halliburton (halo) decreased 6.3%. And Baker Hughes (BKR) decreased 4.5%.
Amid a new stock market correction, Dow Jones financial leader American Express (AXP) – along with Expedia (EXPE), IBD Leaderboard stock LPL Financial (LPLA), Palo Alto Networks (bano) And world wrestling entertainment (WWE) – Among the top stocks to watch on Monday.
Elon Musk buying Twitter
Twitter (TWTR) jumped 5.7% after The company has agreed to be acquired by Tesla CEO Elon Musk In a deal worth about $44 billion. Musk will take the company especially upon completion. Tesla (TSLA) The stock fell 0.7% Monday.
“Freedom of speech is the bedrock of a functioning democracy, and Twitter is the digital city arena where matters vital to humanity’s future are discussed,” Musk said in written notes.
“I also want to make Twitter better than ever by improving the product with new features, making open source algorithms to increase trust, defeating spam bots, and authenticating all humans,” he continued. “Twitter has tremendous potential – I look forward to working with the company and the user community to unlock it.”
Dow futures contracts today: Treasury yields
After Monday’s close, futures for the Dow Jones, S&P 500 and Nasdaq 100 indexes rose slightly against fair value. Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.
The 10-year Treasury yield fell to 2.82% on Monday after closing at 2.9% on Friday. Last week, the 10-year Treasury yield reached its highest level since December 2018.
Stock Market Correction Continues: What to Do Now
On Monday, the major stock indices showed a positive move, with the major stock indexes reversing from early losses to end with solid gains. However, Friday’s stock market outlook was lowered to “the market is in a correction” after more steep losses.
Monday is the first day of Try a new crowd. middle new stock market correction, Investors should take profits and collect liquidity. Also, keeping a watch list of stocks that are well holding in a bear market is a good way to prepare for the next stock market bullish trend.
You can find many next uptrend leaders while the market is still correcting, which can be done with Relative force line. The RS line measures the stock’s price performance against the S&P 500 Index. If the stock is outperforming the broader market, the RS line tends to the upside. If the stock is performing worse than the broad market, the line will indicate a decline.
Monday the big picture The column commented, “Market optimists will estimate that the S&P 500 rebounded around the 4200 level, roughly where the index hit its lows in January, February and March. The Nasdaq drop on Monday also occurred near the February and March lows. This indicates a market could have found Stocks are bottoming. But it’s too early to tell. The market should first start trying to go higher.”
If you are new to IBD, consider taking a look at stock trading system And CAN SLIM Basics. Distinguish chart patterns It is one of the key investment guidelines. IBD offers a wide range of Stock Growth ListsLike leaderboard And SwingTrader.
Dow Jones Buy & Watch: American Express
Dow Jones Financial Stock American Express tracks a cup with a handle with 194.45 buy points. Shares are up 2% on Monday, ending about 5% away from the most recent entry.
Watch the stocks line of relative strength. Amid its recent rally, the RS line is starting to approach its old highs, which means it is once again outperforming the broad market.
Stocks to watch: LPL, Expedia, Palo Alto, WWE
IBD Leaderboard LPL Financial stock remained above the 191.08 buy point in a cup with a handle, but the double-digit gains faded during the latest slide. On April 21, stocks rose 15.5% above the entry level, which means the stock is close to activating the back-and-forth sell-off, according to IBD Market Smith Graph analysis.
Today’s stock from IBD, Expedia, Build Mug with Handle, priced at 204.08 points. Stocks are trying to recover the 50-day line, but are facing some problems at this key resistance level. EXPE STOCK 90 out of the 99 IBD rating shows the ideal compound, for every IBD stock check.
Top cybersecurity Palo Alto Networks is finding much-needed support at the 50-day line after triggering a round-trip sell signal from the 572.77 buy point. Shares are up nearly 5% on Monday.
World Wresting Entertainment also found support around the 50-day moving average on Monday, cutting sharp losses to just 0.3%. The stock is just under 60.94 pips in a cup with a handle.
Tesla stock fell 0.7% on Monday, adding to Friday’s loss of 0.4%. Shares of the electric vehicle giant on Monday ended roughly 13% away from their 1,152.97 point cup buying point.
The stock traded as high as 1,243.49 on November 4th which is 20% off its all-time high.
Dow Jones Leaders: Apple and Microsoft
within Dow Jones stockApple shares launched 7%-8% loss reduction base From 176.75 long pips in a double bottom base in recent weeks. Apple stock found support at its long-term 200-day line, rising 0.7% on Monday.
Software leader Microsoft rose 2.4% on Monday, but remained below its 50 and 200 days lines. The stock is about 20% off its 52-week high.
Apple and Microsoft announce earnings this week.
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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