May 29, 2022

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Dow Jones sells off;  On Twitter and Elon Musk made a deal

Dow Jones sells off; On Twitter and Elon Musk made a deal

The Dow Jones Industrial Average sold 360 points Monday morning, extending sharp losses in the stock market on Friday. Twitter stock jumped after that newscast Tesla CEO Elon Musk said the company is close to striking a deal. Coca-Cola stock in Dow Jones was the main driver of earnings on Monday morning.




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Twitter (TWTR) jumped 4% after Friday’s 3.9% gain. Bloomberg mentioned He could finalize the deal as early as Monday. electric car giant Tesla (TSLA) slipped 3% on Monday morning.

between the Dow Jones LeadersAnd apple (AAPL) And Microsoft (MSFT) both decreased by about 1% in Stock market today.

Amid a new correction in the stock market, the leader of Dow Jones American Express (AXP) – along with IBD Leaderboard stock LPL Financial (LPLA), Expedia (EXPE), Raytheon Technologies (RTX) And coincidence (shill) – Among the top stocks to watch on Monday.

Microsoft and Tesla IBD Leaderboard Stores. Caterpillar and Edwards Live Science appeared In this week Stocks near the buying area pole. It was Expedia Today’s stock from IBD.

Dow Jones today: Treasury yields and oil prices

After Monday’s opening, the Dow Jones Industrial Average was down 1%, while the S&P 500 was down 1.1%. The Nasdaq pared its losses to 0.5% in morning trading.

within Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ) lost 0.7%. SPDR S&P 500 ETF (spy) decreased by 0.75%.

The 10-year Treasury yield fell to 2.81% on Monday after closing at 2.91% on Friday. Last week, the 10-year Treasury yield reached its highest level since December 2018. Meanwhile, US oil prices are down about 5%, with Texas Intermediate crude trading above $97 a barrel.

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New stock market correction

On Friday, the stock market closed sharply lower, as major stock indices sold out with heavy losses.

friday big picture The column commented, “After moving away from the 200 moving average on Thursday, the S&P 500 is down 2.8%, breaking Monday’s low. Index remains holding above the March 16 level Follow-up day Low, but the weak action was enough to change market expectations for IBD into a market correction.”

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Five Dow Jones stocks to watch right now


Dow Jones earnings: Coca-Cola

Dow Jones stock coca cola (no) reported better-than-expected first-quarter earnings results on Monday morning, as shares rose 2.6% in early morning trading.

KO shares closed on Friday about 13% above 57.66 buying points on a flat base.

Dow Jones Buy & Watch: American Express

Dow Jones Financials American Express stock Friday ended about 7% off a cup with 194.45 buying points after the company’s first-quarter earnings results. AXP shares were down 0.8% Monday morning.


Four growth stocks to watch at Cursstock market correction


Stocks to watch: LPL, Expedia, Raytheon, Shell

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 a three-day losing streak. 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. LPLA shares were down 1% Monday morning.

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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. Shares of Expedia were down 0.4% early Monday.

Defense contractor Raytheon Technologies has abandoned a flat base 104.44 pips long after sharp losses last week. RTX shares are down more than 1% Monday morning. Raytheon announced its earnings on April 26.

Oil and gas producer Shell is down from a buy point of 56.23 flat base after Friday’s drop of 2.15%. Shell shares fell more than 3% Monday morning.


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


Tesla Stock

Tesla shares slid 3% on Monday morning, threatening to extend Friday’s 0.4% decline.

Shares of the EV giant closed Friday about 13% from the handle cup’s buying point of 1,152.97. The stock traded as high as 1,243.49 in November. 4 and about 19% 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 fell below the 50-day line on Friday and may be preparing to test the long-term 200-day line. The stock was down 1% Monday morning.

Microsoft’s leading software sold 2.4% on Friday, short of its 50 and 200 lines. The stock is more than 20% off its 52-week high. MSFT shares fell 0.8% early Monday.

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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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