Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed before Tuesday’s open in overnight trading, with the Federal Reserve’s meeting minutes approaching. while, Nvidia (NVDA) Earnings are scheduled for late Tuesday.
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It’s a quieter week on the economic front, with the stock market closed on Thursday for Thanksgiving and a half-day of trading on Friday.
The highlights of the short week are the minutes from the Federal Reserve’s meeting on Tuesday afternoon. The minutes are expected to provide insight into the Fed’s thinking on future interest rates.
late Monday, Keysight Technologies (Keys) And Zoom video communications (ZM) are the main drivers of profits.
KEYS stock rose 2.5%, while Zoom Video shares jumped more than 4% in extended trading.
Stock market today: Dow Jones rises
On Monday, the Dow Jones Industrial Average rose 0.6%, while the S&P 500 rose 0.7%. The Nasdaq Composite Index, which is dominated by technology stocks, advanced 1.1%.
Electric car giant Tesla (TSLA) rose 0.55% on Monday, while shares of stock market leader Nvidia rose 2.3%. Meanwhile, technology icons in the Dow Jones apple (Camel) And Microsoft (MSFT) The stock market traded higher today, with AAPL stock rising 0.9% and Microsoft stock rising 2.05%.
IBD Stock Leaderboard Amazon (Amzn), along with Mercadolibre (Millie), IBD SwingTrader stock Shopify (Shop) And Take care of the brothers (Tulle) — as well as shares of Dow Jones Microsoft, Sales force (Customer relationship management) And UnitedHealth (United nations) — among the best stocks to watch in the current market rally.
Salesforce and Shopify appeared in the stock column near a buy zone. Amazon and MercadoLibre are members of the IBD Leaderboard.
Dow Jones Index Today: Oil Prices and Treasury Yields
Before the opening bell on Tuesday, Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were little changed versus fair value. Remember, overnight movement in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.
On Monday, the 10-year US Treasury yield fell to 4.42%. Meanwhile, oil prices rebounded, with WTI futures closing near $78 per barrel.
Get real-time buy and sell alerts on stock market leaders with the IBD Leaderboard
Stock Market Rising: What to Do Now
Now is an important time to read IBD’s Big Picture column, with the stock market forecast in a certain uptrend.
After further upward movement last week, investors should be increasing their exposure to the market. IBD recommends a level of 80% to 100%, with the trend continuing to strengthen.
A great source for daily breakouts is IBD MarketSmith’s “Breaking Out Today” list. It shows MarketSmith Growth 250 stocks that have crossed new buy points. Meanwhile, MarketSmith’s “Near Pivot” list shows stocks that are approaching buy points in the bases.
To find more stock ideas, check out IBD’s stock lists, such as Bahraini dinar 50, Large cap 20 The stock is near the buy zone. These features identify bullish patterns and buy points and should be checked every day.
Dow jones stocks to watch
Software leader Salesforce is approaching a 228.79 buy point in a double-bottom base, according to IBD MarketSmith chart analysis. CRM stock is about 3% away from its last buy point. Shares rose 1.7% on Monday.
Healthcare giant UnitedHealth adds a handle to the massive consolidation, showing a new buy point at 546.78. UN stock fell 0.2% on Monday.
4 Higher Growth Stocks to Watch in Stock market pool
Stocks to Buy and Watch: Shopify Takes Off
Amazon regained the buy point of its 145.86 cup base during Monday’s 0.65% gain. Shares remain above the early entry level of 134.48.
IBD Leaderboard MercadoLibre stock moved out of the buy zone past a buy point of 1,398.59, according to IBD MarketSmith Pattern Recognition, after Monday’s 2.35% surge.
IBD SwingTrader Shopify stock breaks through 67.60 double bottom buy point. Buy zone tops out at 70.98. SHOP stock rose 1.7% on Monday.
Homebuilder Toll Brothers remains in a buy range above the cup-with-handle buy point of 82.39 following last week’s breakout move. Buy zone rises to 86.51.
Learn how to time the market with IBD’s ETF market strategy
Top stocks in today’s stock market action
These are the four best stocks to watch in the stock market today, including Dow Jones stocks.
| Company Name | Code | Correct point of purchase | Point of purchase type |
|---|---|---|---|
| Amazon | (Amzn) | 134.48 | Double bottom |
| UnitedHealth | (United nations) | 546.78 | Handling entry |
| Mercadolibre | (Millie) | 1,398.59 | Cup with handle |
| Nvidia | (NVDA) | 476.09 | Double bottom |
Source: IBD data as of November 20, 2023
Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live
Tesla shares
Tesla stock rose 0.55% on Monday, with shares still facing strong resistance around the 50-day line after reclaiming the 200-day line last week.
TSLA is down about 20% from its 52-week high.
Dow Jones leaders: Apple, Microsoft
Two Dow Jones stocks are in the Magnificent Seven zone, apple (Camel) And Microsoft (MSFT), was trading higher during today’s stock market trading.
Apple shares rose 0.9% on Monday, their highest level since August 5. Shares are rising above the early entry level at 182.34, as they continue to track consolidation that has a buy point at 198.23.
Microsoft stock rose 2.05% on Monday, reaching an all-time high of 378.87. The stock is directly in a buy range above the 366.78 buy point of the cup base. In recent weeks, shares have risen above the early buy level of 346.20.
Early Monday, the company announced that former OpenAI head Sam Altman will join Microsoft to lead a new advanced research team dealing in artificial intelligence.
Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen To learn more about growth stocks and the Dow Jones Industrial Average.
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