Χ The next day, more data on inflation is expected with the producer price index of the Ministry of Labor on Tuesday, while the long-awaited two-day meeting of the Federal Reserve will also begin.
Dow Jones Futures Today: Bond yields, oil prices, inflation, Fed meeting
Following the close of trading on Monday, Dow Jones futures rose 0.5% against fair value and S&P 500 futures rose 0.6%. Nasdaq 100 futures gained 0.75% on fair value. Remember that overnight action on Dow futures and elsewhere does not necessarily translate into real trading at the next regular trading session. Yield on 10-year bonds jumped to 3.36% on Monday, its highest level since April 2011. Meanwhile, US oil prices remain near recent highs, with West Texas Intermediate trading around $ 121 a barrel. In early March, the WTI briefly exceeded $ 130 a barrel. Producer prices are expected to rise 0.8% in May after rising 0.5% in April, according to Econoday. Producer inflation is expected to jump by 11% on an annual basis. Producer price index is a measure of price power based on the selling prices received by domestic producers for their production. The Fed will start its last two-day policy meeting on Tuesday and it is widely believed that the central bank will raise the benchmark interest rate by half a percentage point on Wednesday. However, expectations that the Fed will be forced to move even more aggressively this year are rising after the hot inflation report on Friday.
Stock market today
On Monday, the Dow Jones Industrial Average fell 2.8%, while the S&P 500 fell 3.9%. The technologically heavy Nasdaq fell 4.7%. Among the traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 4.65% and the SPDR S&P 500 ETF (SPY) fell 3.8%.
Overview of the US Stock Exchange today
Indicator price gain / loss% change Dow Jones (0djia) 30518.06 -874.73 -2.79 S & P 500 (0S & P5) 3749.91 -150.95 -3.87 NASDAQ (0NDQC) 10809.23 -530.79 -4.68 Russell 2000 (IWM) 170.14 -8 4. FFTY) 29.49 -1.80 -5.75 Last Updated: 4:28 p.m. ET 13/6/2022 Oracle (ORCL) reported earnings after closing on Monday. Oracle shares jumped 12% in extended trading, as the company reported better-than-expected earnings and sales results. Tesla Shares (TSLA) fell more than 7% on Monday. Among Dow Jones leaders, Apple (AAPL) sold 3.8% and Microsoft (MSFT) traded 4.2% lower on the stock market today. As the stock market deteriorates, Dow Jones leaders Chevron (CVX), Merck (MRK) and Travelers (TRV) – along with Carlisle (CSL), HealthEquity (HQY), Northrop Grumman (NOC) and World Wrestling – Entertainment (WWE) – are among the top IBD shares for Tuesday. WWE is an IBD Leaderboard stock. World Wrestling Entertainment appeared in the Stocks Near A Buy Zone column this week.
What to do after today’s stock market crash
On Monday, Dow Jones, Nasdaq and S&P 500 traded down again as the stock market fell. Investors should be on the lookout for an uptrend that will mark the start of a new rally effort. In the midst of a deeper correction of the stock market, investors should be mostly — if not completely — on the sidelines. New markets are out of bounds. Also, keeping a watch list of well-held stocks in a declining market is a good way to prepare for the next stock market uptrend. Keep in mind that the top stocks of the past may not be the leaders of the future. To identify stock leaders who are emerging in a new market uptrend, use the relative strength bar to see which stocks are performing better than the general market. During a stock market correction, investors should identify companies whose stock prices are counteracting the downturn in the stock market. A strong RS line will look sharply higher, either during the base period or immediately after a breakout. Monday’s Big Picture column commented: “After falling into the opening, the indices remained weak until the end. The four-day losing streak in the main indices is now the largest since March 2020, according to Dow Jones market data. “The sharp fall competes with the crash of that year ‘s Covid market. Except this time, we’ve been in the market for at least five months now.” If you are new to IBD, consider taking a look at the stock trading system and the basics of CAN SLIM. Recognizing chart patterns is a key to investing guidelines. IBD offers a wide range of emerging stock listings, such as Leaderboard and SwingTrader. Investors can also create watch lists, find companies approaching a market point, or develop custom screens at IBD MarketSmith. Five Dow Jones shares to watch now
Dow Jones shares to watch: Chevron, Merck, Travelers
Dow Jones leader and energy giant Chevron left the 174.86 stable spot, according to IBD MarketSmith chart analysis, after falling 4.6% on Monday. The CVX stock boasts the perfect composite 99 IBD rating, according to the IBD Stock Control. Investors can use the IBD Composite Rating to easily measure the quality of a stock’s fundamental and technical measurements. Merck, a share of the Dow Jones and IBD Big Cap 20, fell even further below the 89.58 point of Monday’s cup-with-handle, as shares fell another 2.5%. The stock left support around the 50-day baseline on Friday, which is a sell signal. The insurance giant Travelers continues to build a flat base with a purchase point of 188.08. The shares are even below the limit of 50 days after the fall of 0.9% on Monday. Top two growth stocks to watch in the current stock market correction
Shares to watch: Carlisle, HealthEquity, Northrop, WWE
The recent IBD Stock Of The Day Carlisle shows a flat basis with a buy point of 275.23, although the stock fell 4.6% on Monday to leave its 50-day line. HealthEquity is watching a cup with a handle with a buy point of 66.23, as shares reversed 0.9% higher on Monday. The stock is finding support around its 50-day baseline and is just 2% away from the last listing. Keep in mind that a weak market environment should keep you on the sidelines. Northrop Grumman found the necessary support on the 50-day moving average on Friday, but remains about 3% below the cup-with-handle buy point 477.36. NOC shares fell 0.7% on Monday. Shares of IBD Leaderboard World Wrestling Entertainment are trading at a steady 63.81 spot, according to IBD MarketSmith chart analysis, as WWE shares rose on Monday. On May 25, the stock recorded a strong breakout beyond the entry. However, the shares are just above the last entry in the new wave of sales in the market. According to the Leaderboard, the relative strength of the WWE stock is high and has been gaining ground since January. The base is the first stage, a bonus for the graph. Join IBD experts as they analyze top stocks in the current IBD Live stock rally
Tesla stock
Tesla shares fell 7.1% on Monday, adding a 3.1% drop on Friday. The shares traded up to 1,243.49 on November 4. Shares are about 48% of this record high.
Dow Jones leaders: Apple, Microsoft
Among the Dow Jones shares, Apple shares traded 3.8% on Monday, reaching its lowest level since June 2021. The stock is well below the 200-day long-term line and is about 28% below its 52-day high. weeks. Microsoft, the software leader, lost 4.2% on Monday and remains well below the 50 and 200 day highs. The stock closed more than 30% from its 52-week high. Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average. YOU CAN ALSO LIKE: Top growth stocks for buying and monitoring Learn how to time the market with IBD’s ETF buying strategy Find the best long-term investments with IBD long-term leaders MarketSmith: Research, charts, data and guidance All in one place How to research growth stocks: Why this IBD tool simplifies the search for top stocks
