Futures higher ahead of jobless claims

An unexpected surge in initial jobless claims sparked a brief gain in the Dow Jones Industrial Average on Thursday as the blue-chip index attempted to reverse three days of losses. Nvidia (NVDA) and Tesla (Tesla) is among the best on the stock market today.


Before the market opened on Thursday, the Labor Department said initial jobless claims jumped to 221,000, compared with 210,000 the previous week. The number is expected to rise slightly to 213,000. Jobless claims have been steady over the past few months.

An unexpected increase in jobless claims could help pave the way for the Federal Reserve to lower interest rates to keep the economy balanced. Futures prices rose in premarket trading Thursday following the Labor Department announcement.

After rising more than 275 points in early trade, the Dow Jones Industrial Average fell back to 0.3%, or 140 points, while the S&P 500 gained 0.7%. The tech-heavy Nasdaq rose 0.8% after the opening bell. On Wednesday, the Nasdaq rose.

The 10-year Treasury yield edged lower to 4.31%. Elsewhere, oil prices fell after five straight days of gains, with West Texas Intermediate crude futures trading around $85.25 a barrel.

between us exchange traded fundsNasdaq 100 Tracker Invesco QQQ Trust ETF (QQ) rose 1%, while the SPDR S&P 500 ETF (spy) rose 0.8%.

Today’s stock market: Nvidia, Tesla rise

Seven major stocks In early trading on Thursday, Nvidia and Tesla rose 0.4% and 0.8% respectively.

Nvidia shares fell 0.6% on Wednesday, closing at their lowest level since March 18. IBD Ranking Stocks.

Tesla rebounded 0.9% on Wednesday, reversing Tuesday’s sharp losses. The stock remains more than 40% below its 52-week high.

ConAgra (Coronary angiographyThe food brand’s profits surged on Thursday as it beat profit forecasts. ConAgra’s shares were up more than 7% in early trading.

Be sure to read how to adapt to changing market conditions based on IBD’s new risk levels.

Dow Jones drops

On Wednesday, the Dow Jones Industrial Average fell 0.1% and the S&P 500 rose 0.1%. The tech-heavy Nasdaq rose 0.2%.

Wednesday’s Big Picture Column Commented: “Partly for these reasons, IBD’s outlook for active equity investors has remained at 60%-80% for several weeks. On Wednesday, Ranking Model Equity Portfolio Investment Percentage About 60% was shaved off. “

Now is an important time to read IBD’s Big Picture Column As the stock market continues to rise. Be sure to read How to Adapt to Changing Market Conditions, New exposure levels for IBD.

Learn how to time the stock market with IBD’s ETF market strategy

The most noteworthy stocks in the stock market today

Google-Parents letter (Google), Arista Networks (Arnett), Draft king (East Ken NG) and Immediate service (Now) — plus Dow Jones constituents disney (DIS), International Business Machines Corporation (International Business Machines Corporation) and Verizon Communications (Wiz) – is one of the most noteworthy companies on the stock market today.

ServiceNow featured here Stocks near the buy zone bar.

A great resource for daily breakthroughs is IBD MarketSurge “Today’s Outbreak” list. Market surge 250 Stocks that break new buying points, such as Google. Meanwhile, MarketSurge’s “Near Pivot Points” list shows the stock is close to a bottom buy point.

To find more stock ideas, check out IBD stock list like IBD50, Market 20 and Stocks approaching the buy zone.These features identify bullish patterns and buy points and can be checked on a daily basis.

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Dow Jones: Disney, IBM, Verizon

disney – The Dow’s Strongest Performing Stocks In the first quarter – extends beyond the 112.92 of the large cup base with handle buy someaccording to IBD market surges graph analysis. Shares fell more than 3% on Wednesday, but remain outside buy range. Disney shares were up 0.2% on Thursday morning.

IBM stock rebounded from its 50-day line, rising 1.1% on Wednesday. Shares remain below the flat bottom’s 196.90 buy point. IBM shares rose 0.5% on Thursday.

Telecommunications giant Verizon is establishing a cup base with a 43.21 entry point, with the stock bullish from its 50-day line. Verizon shares rose 0.6% Thursday morning.

4 Growth Stocks to Watch Stock market rebounds

Stock Market Today: Google Breakout

letter The stock gained 0.2% on Wednesday after breaking above the 153.78 buy point in a consolidation session. Google shares fell 1.5% on Thursday.

Arista shares return to flat bottom at 292.66 buy someaccording to market surge On Wednesday, the stock rose 2.7%. On Thursday, the stock was up 0.4% in early trading.

Draft king This point remains below the 46.52 buy point amid the bearish consolidation following the recent decline. The sports betting giant rebounded 2.4% on Thursday morning.

Finally, ServiceNow continues to encounter resistance at its 50-day line this week. The stock price established a flat bottom at 815.32 points. The stock rose 1.3% on Thursday.

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Stocks to Watch

These are four stocks that are in or near buy territory in the stock market today.

Company Name symbol The right buying point Point of purchase type
disney (DIS) 112.92 cup with handle
Arista Networks (Arnett) 292.66 flat base
Draft king (East Ken NG) 45.62 merge
Immediate service (Now) 815.32 flat base
Source: IBD data as of April 1, 2024

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Dow Jones Index leaders: Apple, Microsoft

among Dow Jones Stocks In the Seven Heroes, apple (AAPL) and Microsoft (Microsoft Corporation) traded higher After the stock market opens on Thursday.

Apple shares rose 0.5% on Wednesday and remained near recent lows. Shares remain well below the 200-day moving average. The stock was up 0.8% on Thursday morning.

Microsoft stock It fell 0.2% on Wednesday and remains above its 50-day moving average. The software giant just hit a new high. Earlier on Thursday, the stock was up 1.4%.

Be sure to follow Scott Lehtonen on X (formerly Twitter): @IBD_SLehtonen Learn more about growth stocks, the Dow Jones Industrial Average and today’s stock market.

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