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The Dow Jones Industrial Average fell 100 points on Thursday on a surprise jump in jobless claims. Social media giants Snap and Twitter are expected to release quarterly results after the stock market closes.
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Among the leaders of the Dow Jones, Apple (AAPL) rose 1.1% on Thursday, while Microsoft (MSFT) rose 1.4% in today’s stock market. Coke (KO) and Mcdonalds (MCD) are close to the points of purchase. The chip giant Dow Jones Intelligence (INTC) will release its results after the stock market closes.
You’re here (TSLA) appeared to rebound from Wednesday’s losses, rising 0.3% Thursday morning. Social media giants Break (SNAP) and Twitter (TWTR) will report its overdue income.
Among the best stocks to buy and watch, Advanced micro-systems (AMD), BioNTech (BNTX) and AutoNation (AN) are located in or near shopping areas.
Microsoft and Tesla are stocks in the IBD ranking. BioNTech is an IBD SwingTrader share. AMD was listed in this week’s Stocks Near A Buy Zone column, while AutoNation was Monday’s IBD stock for the day.
Dow Jones today: claims for unemployment benefits
The Dow Jones Industrial Average reduced its opening loss to 0.1% on Thursday, while the S&P 500 rose 0.1%. The tech-rich Nasdaq rose 0.3% in morning trading.
Snapshot of the US Stock Market Today |
||||
|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Change |
| Dow jones | (0DJIA) | 34748.85 | -49.15 | -0.14 |
| S&P 500 | (0S & P5) | 4361.17 | +2.48 | +0.06 |
| Nasdaq | (0NDQC) | 14673.32 | +41.37 | +0.28 |
| Russel 2000 | (Etc.) | 219.12 | -2.94 | -1.32 |
| MICI 50 | (FFTY) | 44.30 | +0.10 | +0.23 |
Last Modified: 10:34 AM ET 07/22/2021 |
||||
Before the market opened, the Department of Labor reported a surprise increase in initial jobless claims. New jobless claims totaled 419,000 last week, well above the consensus estimate of 350,000.
Among exchange-traded funds, the Innovator IBD 50 (FFTY) lost 0.3% on Thursday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rose 0.3%. Meanwhile, the SPDR S&P 500 ETF (SPY) overcame its early losses and gained a fraction.
Stock market rebounds
The S&P 500 looked to extend a three-session winning streak on Thursday, as it continues to rebound from its key 50-day line. The Nasdaq also looked to win three consecutive days. Dow Jones Industrials are back above the 50-day moving average after the two-day stock rally.
Wednesday’s Big Picture column commented: “If the stock market feared a Covid resurgence on Monday, it wasn’t Wednesday. Airlines, hotels, casinos, restaurants and reservation industry groups travel soared more than 3%. These groups, all susceptible to pandemic restrictions, stumbled on Monday. “
For more stock market commentary, check out The Big Picture from IBD.
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Dow Jones Stocks to Buy and Watch: Coke, McDonald’s
Dow Jones McDonald’s stock is trading just below a buy point of 238.28 on a flat basis, according to IBD MarketSmith chart analysis. Shares fell 0.2% in morning trading.
The stock returned to its key 50-day moving average during Tuesday’s rebound.
Dow Jones Benefits: Intel
Dow Jones Intel stock is expected to post earnings after the close on Thursday. Analysts expect the chip giant to earn $ 1.07 a share on sales of $ 17.8 billion.
Stocks lost 0.3% in morning trading. The stock is trying to regain its key 50-day line, but still sits close to 20% of its 52-week high.
Stock market profits: Snap, Twitter
Social media giants Snap and Twitter will release their quarterly results after the close on Thursday.
Snap is expected to lose 18 cents a share on $ 845 million in revenue. The stock plots a cup base with handle with a buy point of 70.34. Snap stock fell nearly 1% on Thursday morning.
Analysts expect Twitter to earn 7 cents a share on sales of $ 1.06 billion. The stock builds a double bottom base with a handle that offers a 72.17 entry. Twitter shares gained 0.2% on Thursday morning.
Stocks to buy and watch: AMD, BioNTech, AutoNation
Chip giant Advanced Micro Devices plots a mug base with handle that shows a buy point of 95.54, according to graphical analysis from IBD MarketSmith. Shares fell 0.2% on Thursday, on the verge of ending a three-day winning streak.
AMD stock was featured in this week’s Stocks Near A Buy Zone column.
According to the IBD Stock Checkup, AMD stock has a strong rating of 93 out of a perfect IBD composite rating of 99. The IBD composite rating identifies stocks with a mix of strong fundamental and technical characteristics.
IBD Leaderboard BioNTech stock continues to rebound from its 50-day moving average and just breaks the buy range above a buy point of 252.88 in a consolidation basis. According to the ranking analysis, BioNTech cleared a trendline after falling near 222, offering a new entry at a price point similar to the 50-day line. The shares turned 3% Thursday morning.
BioNTech is also an IBD SwingTrader share.
Monday’s IBD stock of the day AutoNation is out of buy range beyond a buy point of 107.07 after Tuesday’s 7.4% advance. The title fell more than 1% Thursday morning, but remains tight.
On the upside, the stock’s RS line is reaching new highs, indicating substantial outperformance of the stock market relative to the broader market. The RS line is expected to hit a new high on the day of the breakout or shortly thereafter.
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Tesla shares
Tesla stock rose 0.2% on Thursday after Wednesday’s 0.8% drop. The EV giant is rebounding again from key support around its 200-day long-term moving average. Another strong show of support at these levels would look bullish for the stock’s outlook.
On January 25, Tesla stock hit an all-time high at 900.40, after climbing 93% from a buy point of 466 in a handle mug.
Dow Jones Executives: Apple, Microsoft
Among the main Dow Jones stocks, Apple rose 1.1% on Thursday, aiming to recover from Wednesday’s 0.5% drop. The stock hit an all-time high last week at 150.
Apple stock is back out of the 5% buy zone from an entry of 137.17 in a cup base, according to IBD MarketSmith’s chart analysis.
Microsoft continues to trade solidly above the buy point of 263.29 cups. Shares rose 1.4% on Thursday. The stock is extended above the 5% buy zone, which climbs to 276.45.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth stocks and the Dow Jones Industrial Average.
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