Dow Jones falls as Tesla surges in stock split plan; Bitcoin exceeds $ 47,000

The Dow Jones Industrial Average fell on Monday morning as Bitcoin prices soared over the weekend. Treasury yields surged following Friday’s surge, and US oil traded at less than $ 109 a barrel with increased losses. Split shares in the form of stock dividends.


Among the Dow Jones stocks Apple (AAPL) has fallen by more than 1% on reports that the company plans to cut production on some iPhones. Microsoft (MSFT) rose 0.5% in today’s stock market. UnitedHealth (UNH), the notable Dow Jones stock closed in the buying range on Friday after a recent breakout.

Tesla (TSLA) recovered almost 5% at the beginning of Monday, at a pace of recovery from the slight loss on Friday.

IBD leaderboard stocks as the stock market continues to rise Arista Networks (ANET), Broadcom (AVGO), European Wax Center (EWCZ), Globalfoundries (GFS) and CVS health (CVS) is one of the top stocks to buy and monitor on Monday.

Arista, Microsoft and Tesla are shares in the IBD Leaderboard, European Wax was listed in the IPO Leaders column last week, and Broadcom was listed in the shares column near the buying zone last week.

Dow Jones Today: Treasury Yields, Oil Prices

After the opening of the market on Monday, the Dow Jones Industrial Average fell 0.2% and the S & P 500 fell 0.1%. Nasdaq rose 0.1% in the morning trading.

Among exchange-traded funds, the Nasdaq 100 Tracker Invesco QQQ Trust (QQQ) rose 0.1% and the SPDR S & P 500 ETF (SPY) fell 0.1% after its opening on Monday.

The 10-year Treasury yield fell to 2.48% on Monday following a surge to 2.49% on Friday. US oil prices widened losses on Monday morning.

Bitcoin price

Bitcoin prices soared from weekends to Monday morning trading, surpassing $ 47,500 before easing, according to CoinDesk. Bitcoin closed at $ 44,400 on Friday and then traded at about $ 47,300 on Monday’s early trading.

Cryptocurrency exchange Coinbase (COIN) soared 4% at the beginning of Monday, while ProShares Bitcoin Strategy ETF (BITO) soared 6%.

Stock market rally

Friday’s stock market had mixed results as the Dow Jones Industrial Average and the S & P 500 ended with a slight rise, while the Nasdaq fell. For a daily stock market commentary, see the IBD Overview column.

Friday’s big picture column said, “Will it be encouraging again? Following the strong progress of the previous week that encapsulated the follow-through days by both the S & P 500 and Nasdaq, the market refused to abandon their profits. I did. “

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Investors can also create watchlists, find companies approaching their buying points, and develop custom screens in IBD Market Smith.

4 Dow Jones Stocks to See Now

Dow Jones Stocks to Buy and Monitor: UnitedHealth

UnitedHealth, a leading managed care company, has a double bottom-based handle entry with a buypoint of 500.10. Shares held in the birange beyond that entry, despite a slight loss on Friday. UNH shares rose 0.2% at the beginning of Monday.

Bullishly, the relative strength line of stocks is close to the new highs, indicating significant stock market outperformance.

Four Top Growth Stocks to Watch Nowrent stock market rally

Stocks to buy and watch: Arista, Broadcom, GlobalFoundries, CVS

IBD SwingTrader’s stock price Arista Networks is in the buying range of over 133.97 buypoints at the double bottom. Friday’s share price fell 0.9%, according to the IBDMarketSmith chart. Stock prices fell 0.5% at the beginning of Monday.

Chip giant Broadcom tacked at 0.4% on Friday, further surpassing its early entry at 614.74. Stocks continue to rise to the right of the new cup base. A good purchase point for cup base is 677.86. AVGO shares were flat on Monday morning.

Last week’s IPO Stock of the Week, the European Wax Center ended Friday just above the double bottom 31.59 buypoints. EWCZ shares rose about 2% at the beginning of Monday.

GlobalFoundries has expanded beyond the cup-based 73.35 buypoints, following Friday’s 3.6% advance. The buy area rose to 77.02. GFS stocks fell more than 1% on Monday morning.

The recent IBD Stock Of The Day CVS Health continues to build a flat base with 111.35 buypoints, about 2% away from entry. CVS stocks fell 0.7% on Monday morning.

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Tesla stock

Tesla’s stock surged almost 5% at the beginning of Monday, approaching a cup-based 1,208.10 buypoint. Earlier Monday, Tesla said it would seek shareholder approval for an increase in Tesla’s share to enable a stock split in the form of a stock dividend.

The stock traded high on November 4th to 1,243.49, but closed on Friday about 19% off its all-time high.

Dow Jones Readers: Apple, Microsoft

Among the Dow Jones stocks, Apple stocks rose 0.4% on Friday, extending the winning streak to nine sessions. The stock was above the 50-day line and slightly below the double-bottomed 176.75 buypoint. AAPL shares fell 1.1% at the beginning of Monday. Nikkei Asia reported that it plans to cut production of iPhone SE and AirPods because demand was lower than expected.

Software leader Microsoft fell 0.1% on Friday. This is because the stock fought to resolutely regain the 200-day line. Microsoft stocks rose 0.5% on Monday morning.

Follow Scott Lehtonen on Twitter. @IBD_SLehtonen For more information on growth stocks and the Dow Jones Industrial Average.

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