The Dow Jones Industrial Average fell on Tuesday ahead of the release of minutes from the Federal Reserve’s latest policy meeting.retail giant Best Buy (BBY) plunged after cutting its full-year sales forecast, while Nvidia (NVDA) Proceeds are due after the close.
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Existing home sales data from the National Association of Realtors will be released at 10 a.m. ET. According to Econoday, the supply of existing home sales, already slow, is expected to slow slightly to 3.91 million units in October.
Later today, the Fed meeting minutes will be released at 2 pm ET. The minutes are expected to provide insight into the Fed’s thinking on future interest rate trends.
Best Buy shares fell more than 5% early Tuesday after the company’s profit beat Wall Street forecasts but revenue fell short of forecasts. The retailer also lowered its full-year sales forecast ahead of the holiday shopping season due to challenges with consumer demand.
Other key profit drivers include Baidu (Baidu), dick’s sporting goods (dicks), along with Keysight Technologies (button), Kohl’s (korea association of science and technology), Lowe’s (low) and Zoom video chat (ZM).
BIDU shares were down 1% in early trading, while DKS shares were up more than 9%. Keysight shares rose 1.2%. Kohl’s shares fell 6% and Lowe’s fell 3.3%. Zoom shares plunged more than 5% in early trading.
Dow Jones Today: Oil Prices, Treasury Bond Yields
After the opening bell on Tuesday, the Dow Jones Industrial Average fell 0.2% and the S&P 500 fell 0.3%. The tech-heavy Nasdaq fell 0.6% in early trading.
between us exchange traded fundsNasdaq 100 index tracker Invesco QQQ Trust (QQ) fell 0.6%, while the SPDR S&P 500 ETF (spy) fell 0.3% in early trading on Tuesday.
On Tuesday morning, the U.S. 10-year Treasury yield edged lower to 4.41%. On Monday, the benchmark rate closed at 4.42%.
Oil prices paused after two days of gains, with West Texas Intermediate crude futures down about 0.5% on Tuesday morning. WTI prices remain above $77 per barrel.
Stock market rebounds
On Monday, the Dow Jones Industrial Average rose 0.6% and the S&P 500 rose 0.7%. The tech-heavy Nasdaq rose 1.1%.
Monday’s Big Picture Column Commented: “In a noteworthy move on the charts, all three indexes climbed above last week’s brief consolidation. This appears to be an act of defiance to those who believe the market has become overextended. The Dow Jones surpassed the 35,000 mark, while the S&P and Nasdaq closed above their September 1 highs.”
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Stock market today: The most noteworthy stocks
IBD rankings in stock Amazon (Amazon), along with free market (Melly), IBD Swing Trader in stock Shopping (shop) and toll brothers (Thor) — and the Dow Jones stock Microsoft (Microsoft Corporation), sales force (customer relationship management) and UnitedHealth (united nations institutes of health)—is one of the most noteworthy stocks in the current market rebound.
Salesforce and Shopify are introduced here Stock bar near buy zoneAmazon and MercadoLibre are members of IBD rankings.
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Dow Jones Stocks to Watch
Software leader Salesforce approaches 228.79 buy some According to, in the double bottom base IBD Market Smith graph analysis. CRM stock is about 3% away from its latest buy point. Shares were down 0.6% in early trading Tuesday.
Healthcare giant UnitedHealth is adding a handle on massive consolidation and showing a new buy point at 546.78. UNH stock rose 0.8% on Tuesday.
4 Growth Stocks to Watch Stock market rebounds
Stocks to buy and watch: Shopify breaks out
Amazon regained a cup bottom buy point of 145.86 during Monday’s 0.65% gain. Shares remain above the early entry point of 134.48. It was down 2.3% on Tuesday morning.
IBD Ranking Stocks MercadoLibre exited buy zone after surpassing 1,398.59 buy point, according to MercadoLibre data IBD MarketSmith Pattern RecognitionShares fell 0.7% on Tuesday after rising 2.35% on Monday.
IBD SwingTrader Stock Shopify is breaking out of a double bottom at a 67.60 buy point. The highest point in the buy zone is 70.98. SHOP stock fell 1.5% early Tuesday.
Following last week’s breakout, homebuilder Toll Brothers remains in buy territory, above the Handle Cup’s 82.39 buy point. The buy zone rises to 86.51. TOL stock fell nearly 1% Tuesday morning ahead of existing home sales.
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) | 145.86 | cup holder |
| UnitedHealth | (united nations institutes of health) | 546.78 | Process entries |
| toll brothers | (Thor) | 82.39 | cup with handle |
| free market | (Melly) | 1,398.59 | cup with handle |
Source: IBD data as of November 20, 2023
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Seven major stocks: Nvidia, Tesla
Among the so-called “big seven” stocks, Tesla (Tesla) fell 0.6% in early trading on Tuesday, while Nvidia (NVDA) fell 0.9%.
Graphics chip giant Nvidia has moved beyond its buy range of a double bottom of 476.09 points after rising 2.3% on Monday.
Tesla Stock Up 0.55% on Monday, the stock continues to face strong resistance near its 50-day moving average after regaining its 200-day moving average last week.
Dow Jones Index leaders: Apple, Microsoft
two Dow Jones Stocks In the Seven Heroes, apple (AAPL) and Microsoft, shares lower After the stock market opens today.
Apple shares soared 0.9% on Monday, hitting their highest level since August 5. Shares are trading above an early entry of 182.34 as they continue to track consolidation with a 198.23 buy point. Apple shares fell 0.3% on Tuesday.
Microsoft shares rose 2.05% on Monday, hitting an all-time high of 378.87. The stock is in a buy range just above the buy point at 366.78. In recent weeks, shares have risen to an early buy trigger of 346.20. MSFT stock was up 0.9% 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.
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