Futures mixed ahead of CPI inflation report

Dow Jones Industrial Average futures soared 300 points on Tuesday as Wall Street cheered a weaker-than-expected inflation report. Meanwhile, Tesla shares soared after the electric car giant raised the price of some of its cars in China.


The consumer price index in October was unchanged from September, missing expectations for a monthly increase of 0.1%. For the full year, consumer prices rose 3.2%, below expectations of 3.3%. Core prices excluding food and energy rose 0.2% from the previous quarter, an increase of 4% annual growth. Both readings were lower than expected.

All three major stock indexes were higher on the inflation news before trading opened on Tuesday. Dow Jones futures were up 1.1% from fair value, while S&P 500 futures were up 1.4%. The tech-heavy Nasdaq 100 index rose 1.8% in early trading.

Tesla (TeslaTesla rose nearly 5% in early trading after it raised the prices of its domestically produced Model 3 and Model Y models. Tesla increased the price of the Model 3 base version by 1,500 yuan, or 0.6%. The price of the Model Y entry-level model increased by 2,500 yuan, or 0.95%.

Key profit drivers for this conference include The Home Depot (HD), An Holdings (Arcana), Tencent Music (TME) and Vipshop (VIP service).

Home Depot shares rose more than 2% in pre-market trading, while On Holdings pared losses to 2%. Tencent Music rose 2%, and Vipshop rose more than 2% in early trading.

Dow Jones Today: Oil Prices, Treasury Bond Yields

between us exchange traded fundsNasdaq 100 index tracker Invesco QQQ Trust (QQ) rose 1.8%, while the SPDR S&P 500 ETF (spy) rose 1.1% in early trading on Tuesday.

After the release of the CPI inflation report, the U.S. 10-year Treasury bond yield fell to 4.5% and closed at 4.63% on Monday.

Oil prices paused after Monday’s gains, with West Texas Intermediate crude futures inching lower, trading just above $78 a barrel. WTI prices rebounded from their lowest levels since late July.

IBD’s latest newsletter, MarketDiem, gives you actionable ideas on stocks, options, and cryptocurrencies right in your inbox

Stock market rebounds

On Monday, the Dow Jones rose 0.2%, the S&P 500 fell 0.1% and the Nasdaq fell 0.2%.

Monday’s Big Picture Column “Even if the current interest rate hike cycle appears to be coming to an end, the possibility of rising inflation and the knock-on effects of the Fed’s policies continue to weigh on the stock market,” the commentary said.

Now is an important time to read IBD’s Big Picture Column After the recent rally, be sure to read How to Invest in the Early Stages of a Stock Market Uptrend .

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

Stock market today: The most noteworthy stocks

IBD rankings in stock Amazon (Amazon), along with free market (Melly), Immediate service (Now) and Uber Technologies (Uber) — and the Dow Jones stock Intel (International Trade Centre), Walmart (WMT) and UnitedHealth (united nations institutes of health)—is one of the most noteworthy stocks in the current market rebound.

Intel presented at this event Stock bar near buy zoneAmazon and NOW stock are members of the following organizations IBD rankings.

Dow Jones Stocks to Watch

Chip giant Intel in buy range above 37.22 buy some According to, in the double bottom base IBD Market Smith graph analysis. Intel shares fell 1.6% on Monday, still above their latest entry point. INTC rose 2.2% in early trading Tuesday.

Dow Jones retail giant Walmart in buy range above 165.85 buy someaccording to IBD Market Smith graph analysis. Shares rose 0.9% on Monday, moving further past the buy trigger. WMT shares were up 0.4% on Tuesday morning.

Healthcare giant UnitedHealth is adding a handle on massive consolidation and showing a new buy point at 546.78. UNH shares rose 0.1% on Tuesday.

4 Growth Stocks to Watch Stock market rebounds

Stocks to Buy and Watch: MELI Increases Handle

Amazon has been bullish in recent weeks, moving back above its 50-day moving average and above its early entry of 134.48. Right now, Amazon stock is within striking distance of the 145.86 cup bottom buy point, and a handle may finally form. It rose 1.9% on Tuesday.

MercadoLibre relaxed a bit last week by adding a handle to the base of its molded cup. According to the data, this brings the buy point to 1,398.59 IBD MarketSmith Pattern RecognitionMELI shares rose 3.8% on Tuesday morning.

ServiceNow is just out of buy range, surpassing the 607.90 entry of a double bottom. The 5% buy zone rises to 638.30. The pattern can also be interpreted as a flat bottom with a 614.36 buy point. NOW stock rose 2.4% on Tuesday.

Following Monday’s 1.3% gain, Uber now extends above the buy trigger at 49.19, a double-bottom entry. Uber shares rose 1.8% on Tuesday morning.

The best stocks on today’s stock market trend

Here are four of the most interesting stocks to watch in the stock market today, including the leader of the Dow Jones.

Company Name symbol The right buying point Point of purchase type
Amazon (Amazon) 134.48 double bottom
UnitedHealth (united nations institutes of health) 546.78 Process entries
Draft king (East Ken NG) 31.10 Trendline
Uber Technologies (Uber) 49.19 double bottom
Source: IBD data as of November 13, 2023

Join IBD experts on IBD Live to analyze the leading stocks rising in the current market

Seven major stocks: Nvidia, Tesla

Among the so-called “big seven” stocks, Tesla rose 4.6% in early trading Tuesday, while Nvidia (NVDA) rose 2.3%.Meanwhile, Dow Jones tech icon apple (AAPL) and Microsoft (Microsoft Corporation) traded higher Before the stock market opens today.

Graphics chip giant Nvidia is now in buy range at a double bottom of 476.09 points after rising sharply in recent sessions.

Tesla Stock It rose more than 4% on Monday, extending Friday’s gains. Shares are trying to overcome strong resistance at the long-term 200-day moving average. Shares are down about 25% from their 52-week high.

Dow Jones Index leaders: Apple, Microsoft

among Dow Jones Stocks Among the Big Seven, Apple fell 0.9% on Monday, holding on to its early entry point of 182.34 points. The stock price continues to consolidate, with a buying point of 198.23. Apple shares rose 1.6% on Tuesday.

Microsoft shares fell 0.8% on Monday, giving up a 366.78 buy point. In recent weeks, shares have risen to an early buy trigger of 346.20. MSFT shares were up 1.4% on Tuesday morning.

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

You might also like:

Top Growth Stocks Worth Buying and Watching

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 guidance in one place

How to Research Growth Stocks: Why This IBD Tool Can Simplify Your Search for Top Stocks

Source link

Leave a Comment