HomeBusinessDow Jones Closes Higher;...

Dow Jones Closes Higher; Tesla Rival Surges On New EV Truck Deal

The Dow Jones Industrial Average rose 0.3% at the closing bell Monday. The index holds a gain of over 3% for the month after June’s hefty 4.6% gain. The S&P 500 and Nasdaq gained 0.2%.


Indexes were nearly flat most of the session until buyers rushed into the market in the final five minutes of trading.

Software stocks helped lead the market higher Monday. Datadog (DDOG), CrowdStrike (CRWD) and Atlassian (TEAM) rose roughly 4%. Adobe (ADBE) rose more than 3% after an analyst upgrade.

Volume on the NYSE and Nasdaq was higher from Friday’s levels, according to preliminary data.

The small-cap Russell 2000 rose 0.9%, while the Innovator IBD 50 ETF (FFTY) outperformed with a 2.5% gain.

Crude oil rose 1% to $81.48 a barrel. The yield on the benchmark 10-year Treasury note fell 1 basis point to 3.95%.

Apple (AAPL) rose slightly with earnings due Thursday after the close. The tech leader is trading near an all-time high.

Stocks Moving Today

On Semiconductor (ON) rose in the stock market today after the company reported strong earnings and outlook for the current quarter. Shares have climbed past the 20% profit target from a breakout in May.

Trip.com (TCOM) has broken out above a 40.17 entry.

Among recent issues GEN Restaurant Group (GENK) broke out of an IPO base with a 19.99 entry, but it closed just below the entry. Acelyrin (SLRN) attempted to clear an entry at 25.50 but fell below it.

Tesla (TSLA) rival Nikola (NKLA) surged in strong volume after it landed a deal with J.B. Hunt Transport (JBHT) for its zero-emission trucks.

DT, HUBS Earnings On Deck

Outside Dow Jones, Rambus (RMBS) fell more than 6% in extended trading following the chip designer’s earnings report. The stock had found support at its 50-day moving average as it forms a base, but it is below that line in after-hours trading.

Shopify (SHOP) is due to report on Wednesday. RMBS and SHOP stock are on IBD Leaderboard. Also on Leaderboard, software stocks Dynatrace (DT) and HubSpot (HUBS) as well as Generac (GNRC) report this week.

Atlassian, Uber (UBER), Advanced Micro Devices (AMD), Starbucks (SBUX) and Pfizer (PFE) have earnings due this week as well. AMD and PFE are below their 50-day lines. TEAM found support at its 50-day line ahead of earnings.

Dexcom (DXCM) sank nearly 6% to just below its 50-day line after volatile trading Friday after the earnings report.

Recent IBD Stock of the Day United Rentals (URI) added to recent gains and is close to the 471.82 buy point of a cup with handle. The company reported earnings last week.

Adobe rose 3.3% to a 17-month high after Morgan Stanley analysts saw a 25% upside for the stock due to greater clarity on monetization plans for its generative AI software. They upgraded the stock to overweight from equal weight with a price target of 660 from 510.

Please follow VRamakrishnan on Twitter for more news on the stock market today.


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 Long-Term Leaders

MarketSmith: Research, Charts, Data And Coaching All In One Place

Source link

Most Popular


Please enter your comment!
Please enter your name here

More from Author

Read Now

Team India Squad for T20 World Cup 2024 Announced: Here’s India’s official team for T20 WC – Republic World

India T20 World Cup squad announcement | Image:APTeam India's squad for the upcoming ICC T20 World Cup 2024 has been announced. On Tuesday, the selection committee led by chief selector Ajit Agarkar convened in Ahmedabad and zeroed in on a 15-member unit, which they deem is the...

Justice Minallah says state has to protect judges, independence of judiciary

Justice Athar Minallah on Tuesday said the state had to protect the judges and the judiciary’s independence as the Supreme Court took up a suo motu case pertaining to allegations of interference in judicial affairs.A six-member bench resumed...

Stock futures slip slightly as investors look ahead to Fed decision, megacap earnings: Live updates

Traders work on the floor of the New York Stock Exchange during morning trading on February 29, 2024 in New York City. Michael M. Santiago | Getty ImagesU.S. stock futures fell slightly Tuesday morning after a positive start to the week, as investors brace for megacap earnings,...

Europe’s Economic Laggards Have Become Its Leaders

Something extraordinary is happening to the European economy: Southern nations that nearly broke up the euro currency bloc during the financial crisis in 2012 are growing faster than Germany and other big countries that have long served as the region’s growth engines.The dynamic is bolstering the...

Trump’s Plans for the Fed Make No Sense, Even for Him

A second Trump administration might be very different from the first, and that includes how the president treats the Fed. Donald Trump complained a lot about the US Federal Reserve when he was president, jawboning for lower interest rates and questioning its competence. Yet at the...

Police to launch raids to find migrants to deport to Rwanda, Cabinet Minister claims

Police will mount raids to find missing migrants so they can be deported to Rwanda, a Cabinet minister has said.Health Secretary Victoria Atkins was commenting on reports that the Home Office has lost contact with thousands of people who are set to be removed from the...

The French #Metoo Scandal Unraveling in Weinstein’s Shadow

French actor Gérard Depardieu was ordered to stand trial for allegedly sexually assaulting two women on a film set three years ago, marking the latest legal escalation for the 75-year-old movie star who has become a central figure in France’s #MeToo movement.The announcement coincides with a...

Hong Kong Bitcoin and Ether ETFs Have Soft Debut

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired...

Customization Overview | Halo Infinite CU32

Operation: Banished Honor arrives on April 30 and you’re gonna want to look the part! After all, the Banished welcome all who pledge their service to Atriox, and your new allegiance and mindset demands a new outfit, so let’s find out more about the customization that...

T20 World Cup 2024 Squads: From India To Australia, Check Here Team-Wise Full Players List, Venues, Fixture, Timings And More

ICC T20 World Cup 2024 Cricket Matches Full Schedule: The T20 World Cup 2024 promises to be an exhilarating showcase of cricketing talent from around the globe. With teams from various nations competing for the prestigious title, fans can expect intense matches filled with thrilling moments...

How the Twins’ summer sausage celebration got made: It sparked the offense, but should they eat it?

CHICAGO — With Abe Froman unavailable, I called sausage expert Elias Cairo to address Rocco Baldelli’s concerns about a potentially hazardous pre-encased meat currently residing in the Minnesota Twins clubhouse.Nearly a week after it arrived and with the package showing visible signs of wear, tear and...