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The main stock indexes opened up and then mixed on Friday. Dow Jones Industrial Values Have Turned Off Current Stock Market, Despite Dow Jones' Boost Intel (INTC). Technical Leaders Adobe (ADBE) and Broadcom (AVGO) reported their quarterly results Thursday night to very mixed reactions.
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Among exchange-traded funds, the Innovator IBD 50 Fund (FFTY) rose by around 0.5%, indicating that high-growth stocks are performing well on the market early Friday.
Current stock market share
Nasdaq technology-dense composite gained 0.5%. The S & P 500 gained 0.2%, while Dow Jones Industrials declined slightly. Since the beginning of the year, the Nasdaq has risen by about 15%, while the S & P 500 index is up 12%. The Dow has grown about 10%.
The Nasdaq remained above a key support level on the current stock market, the 200-day moving average, which it found after Monday's big lead. The S & P 500 and Dow Jones industrials were also above, with the S & P 500 being above the long-term resistance of almost 2,800.For updates on this story and other market coverage, visit Stock Market Today.)
Dow Jones Stocks: Intel Stocks
Among the Dow Jones shares, Intel's shares were one of the most successful trades on Friday morning. The chip maker grew 2% and came back over a purchase point of 54.20 in a cup with handle.
Somewhere else, Boeing The action (BA) fell by more than 1%, while it should close the week with a drop of more than 12% as a result of the fatal crash last weekend.
Stock Market Results: Broadcom, Ulta Jump
Broadcom jumped 10% despite weaker than expected sales results. The chip giant has crushed estimates of analysts' results during the first fiscal quarter. The Broadcom stock is above a point of purchase of 286.73 points, as a result of adding a handle to a long consolidation basis.
Ulta Beauty (ULTA) jumped 9% after its quarterly results. According to the analysis of MarketSmith, the stock is up more than 16% compared to a purchase point of 294.54 points in a cup with handle.
FANG Stock Facebook Swoons
Facebook (FB), stocks fell nearly 4% after two executives left the company Thursday night, according to a company announcement. Facebook is trying to recover from a nearly 44% drop from its peaks at the end of December, but remains at over 22% of those highs. Facebook actions are looking for support close to its 200-day line.
Elsewhere at the FANG, Amazon.com (AMZN) gained 1%, while the right side of a deep base continues to form. The stock of Amazon is still below its 200-day line, a potential resistance level.
Best Stocks to Watch: Adobe Stock
Among the IBD 50 shares, Adobe has exceeded Street's quarterly targets, but has not achieved its targets for the current quarter after the stock market close on Thursday. The title Adobe declined by 5% and came back under the purchase point of a double bottom of 260.82. Shares are approaching a test of their 50 day line.
According to the IBD Stock Checkup program, the title Adobe has a composite rating of 98 out of a maximum of 99 IBD. Composite rating is a mix of key fundamentals and key techniques designed to help investors assess the strengths of a company's stock.
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