[ad_1]
The Dow Jones Industrial Average gained 150 points on Tuesday, as the US Senate is expected to adopt an infrastructure package of around $ 1,000 billion. Tesla stock fell after July sales data in China.
X
Among the leaders of the Dow Jones, Apple (AAPL) rose 1% on Tuesday, while Microsoft (MSFT) rose 0.2% in today’s stock market. Home deposit (HD) is trying to delete a new point of purchase, but is below the entry.
You’re here (TSLA) threatened to fall after Monday’s 2.1% gain, falling more than 1% on Tuesday morning.
Among the best stocks to buy and watch, Free market (MELI), Break (SNAP) and Square (SQ) are in or near new shopping areas.
MercadoLibre, Microsoft and Tesla are stocks in the IBD ranking. Square is an IBD SwingTrader share. Snap was featured in this week’s Near A Buy Zone Stocks column.
Dow Jones Today: $ 1,000 Billion Infrastructure Pack
The Dow Jones Industrial Average rose 0.35% on Tuesday, while the S&P 500 traded less than 0.1%. The tech-heavy Nasdaq composite reversed 0.6% lower in morning trading.
Snapshot of the US Stock Market Today |
||||
|---|---|---|---|---|
| Index | symbol | Price | Loss of profit | % Change |
| Dow jones | (0DJIA) | 35227.41 | +125.56 | +0.36 |
| S&P 500 | (0S & P5) | 4436.70 | +4.35 | +0.10 |
| Nasdaq | (0NDQC) | 14805.00 | -55.18 | -0.37 |
| Russel 2000 | (IWM) | 222.21 | +0.05 | +0.02 |
| MICI 50 | (FFTY) | 46.33 | -0.17 | -0.37 |
Last Modified: 10:36 AM ET 10/8/2021 |
||||
The Senate was due to adopt a roughly $ 1 trillion infrastructure package on Tuesday with broad bipartisan support. The bill includes $ 550 billion for transportation, broadband and utilities. The Senate is expected to vote on passing the bill around 11 a.m. ET.
Among exchange-traded funds, the Innovator IBD 50 (FFTY) traded up 0.3% on Tuesday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rose less than 0.1%. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 0.2%.
Stock exchange rally
Dow Jones Industrials and the S&P 500 remain just short of Friday’s record highs, while the Nasdaq recouped more of Friday’s modest losses.
Monday’s Big Picture commented, “Meanwhile, the astute IBD reader is undoubtedly watching closely the high number of distribution days on the Nasdaq and the S&P 500. Indeed, a large number of institutional sales do not have to. never be ignored. Yet few of the current distribution days in the 25 trading day sliding count have shown any real bite. For example, of the five seen recently on the Nasdaq, only the July 19 drop (1.1%) exceeded 1%.
For more stock market commentary, check out The Big Picture from IBD.
Stock ETF strategy and how to invest
Dow Jones Stocks to Buy and Watch: Home Depot
Dow Jones leader Home Depot is trying to break a cup with the handle’s 333.55 buy point, according to IBD MarketSmith’s chart analysis. The 5% buy zone goes up to 350.23.
Stocks gained 0.1% on Tuesday morning.
Stocks to buy and watch: MercadoLibre, Snap, Square
IBD stock MercadoLibre is trading above a buy point of 1,755.05 after Tuesday’s nearly 5% jump. According to rank analysis, the stock’s first 5 minutes of trading peaked at 1,755.05, setting an alternate entry for aggressive investors. A trendline within the base can also offer another early entry point.
The stock also builds the right side of a cup base, according to IBD MarketSmith’s chart analysis. Another possible entry is looming in 2020.10. And be on the lookout for a potential handful to provide a more optimal point of purchase for risk.
Snap is trading just beyond the 5% buy zone above a 73.69 buy point in a consolidation. The 5% buy zone peaks at 77.37. Stocks gained 0.8% on Tuesday morning.
On July 23, Snap jumped nearly 24% following a second quarter earnings report that flipped estimates with revenue more than doubled and an outlook that also beat views.
IBD SwingTrader Square stock is back in the buy range beyond a buy point of 267.87 in a handle-cup base amid Tuesday’s 0.5% loss. The 5% buy area rises to 281.26.
According to the IBD Stock Checkup, the SQ stock has an IBD Composite Rating of 96 out of 99. The IBD Composite Rating identifies stocks with a mix of strong fundamental and technical characteristics.
Tesla shares
Tesla stock fell more than 1% on Tuesday, restoring part of Monday’s 2.1% gain. Early Tuesday, the China Passenger Car Association (CPCA) said Tesla had sold 32,968 Chinese-made vehicles in July, including 24,347 for export.
Stocks are still above an aggressive buy point of 700.10 deep in a correction. Meanwhile, a wide and deep base continues to take shape.
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 major stocks in the Dow Jones, Apple rose 1% on Tuesday, in line with a two-day losing streak. Stock hit an all-time high on July 15 at 150. Apple stock remains outside the 5% buy zone from an entry of 137.17 in a cup base. On a weekly chart, IBD MarketSmith chart analysis also places a buy point at 145.19 in a consolidation, which would put Apple in a buy range up to 152.45.
Software giant Microsoft rose 0.1% Tuesday morning, but remains just short of records. Microsoft continues to trade solidly above the buy point of 263.29 cups. 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.
YOU MAY ALSO LIKE:
Top growth stocks to buy and watch
Learn how to time the market with IBD’s ETF Market Strategy
Find the best long-term investments with IBD’s long-term leaders
MarketSmith: research, charts, data and coaching in one place
Celebration of 10 years of ranking: 3 weeks for $ 9.95
[ad_2]
Source link