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Dow Jones rises 765 points to start a new stock market rally attempt, what to do now

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Dow futures rose ahead of Tuesday’s opening. A new attempt to rally began in the stock market on Monday, with the Dow Jones Industrial Average rising 765 points.




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stock market today

On Monday, the Dow Jones Industrial Average rose 2.7%, sending the stock market higher. The S&P 500 is up 2.6% and the high-tech Nasdaq Composite is up 2.3%. Small-cap Russell 2000 advanced by 2.65%.

within circulating money exchangeNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Up 2.35%, SPDR S&P 500)spy) rose by 2.6%.

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This week’s key earnings reports come from glamorous brands (AYI), ConAgra . Brands (CAG), Constellation brands (STZ) And the McCormick (MKCC).

General motors (GM) I mentioned to her Car sales in the third quarter On Monday, it beat expectations about strong consumer demand and better vehicle availability. GM shares are up 2.4% Monday, but are still more than 50% off their 52-week high.

Giant EV Tesla (TSLA) decline after 8.6% Estimated delivery of lost vehicles. within Dow Jones stockAnd the apple (AAPL) rose 3.1%, while Microsoft (MSFT) by 3.4% in Stock market today.

In light of the continued weakness of the stock market, Murphy United States of America (Musa), Neurobiological Sciences (NBIX), Vertex Pharmaceuticals (VRTX) And the world wrestling entertainment (WWE) – as well as Dow Jones stock United Health (United nations) – Among the top stocks to watch. Keep in mind that the ongoing correction in the stock market is a time to sit on the sidelines and create watch lists.

Vertex is a recent addition to IBD Leaderboard. Murphy USA appeared in This week’s stock is near the buy zone columnalong with three other ideas for the hottest stocks.

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Dow futures today: Treasury yields, oil prices

Before the opening bell on Tuesday, Dow Jones futures were up 0.3% against fair value, while S&P 500 futures were up 0.4%. Nasdaq 100 futures are up 0.6% against fair value. Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.

The 10-year Treasury yield fell significantly to 3.65% on Monday. Last week, the 10-year Treasury yield briefly crossed 4%, which it hasn’t in more than a decade.

Meanwhile, US oil prices jumped more than 4% on Tuesday, with West Texas Intermediate crude futures trading above $83 a barrel. Last week, they fell to their lowest level in the year. Wednesday, OPEC + will meet Consider cutting production in order to help support falling oil prices.

What to do to try the new stock market rally

Despite Monday’s strong gains, the market trend of IBD remains “market correct”, with heavy selling in recent weeks. This means that investors should stay in cash.

With that said, Monday’s gains started a new attempt to rally in the stock market, and it’s your first day. The action on Day 2 and Day 3 is not relevant as long as the index does not make its recent lows. If this low is trimmed, the rally will be attempted and the market will need to try again.

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Next, investors should wait for the follow-up day, which occurs on or after the fourth day. Starting Thursday (Day 4), you are looking at the NASDAQ or S&P 500 index rising sharply in higher trading volumes than the previous session. this Follow-up day. It gives investors the green light to start buying blue-chip stocks that crossed a previous correction buy points. You must keep your portfolio and mindset in sync with the movement of the stock market by gradually committing your capital to leading stocks.

Now, before the possible follow-up day, is the perfect time to build Powerful watchlist A high performance stock. Many long-term leaders tend to breakout at or near follow-through, which is a bearish market signal. Missing this early opportunity can be a costly mistake.

Friday big picture column He commented, “The market averages have now fallen for the third consecutive quarter for the first time since 2009. The comforting bits for investors are the truth. Find IBD Bear markets are formed over three or four waves of intense selling. This appears to be the third stop.”


Five Dow Jones stocks to watch right now


Dow Jones stocks to watch: UnitedHealth

UnitedHealth stock in Dow Jones advanced 2.1% on Monday, once again finding support around the long-term 200-day line. The stock is building a flat base that has 553.23 buying points, according to IBD Market Smith Graph analysis. The stock is about 7% from its last buying point and is facing a test of resistance at the 50-day line.

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UN stock Shows a strong 95 out of a perfect 99 IBD Compound Classificationfor every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.


4 growth stocks to watch at Cursstock market correction


Top stocks to watch: Murphy USA, Neurocrine, Vertex, WWE

Murphy USA gas station and mini-market builds a flat base with 303.19 points of purchase. Shares are up 3.1% on Monday and are approaching potential resistance at the 50-day line. A decisive recovery to this level will be bullish for the base-building prospects for the stock.

Wednesday from 50 IBD Stock Pick to WatchNeurocrine Biosciences builds a flat base with 109.36 pts, according to IBD Market Smith Graph analysis. Stocks are just 2% off the buying point after Monday’s 0.5% gain. The RS line reached a new high on Friday, which is a bullish signal.

IBD stock leaderboard Vertex Pharmaceuticals Decisively restore the 50-day streak last week. Stocks build a flat base with 306.05 buy points and early entry at 296.24. The stock topped the early entry during Monday’s gain of nearly 3%. While a weak market condition may keep you on the sidelines, the stock’s resilience makes it a great idea to watch. The RS line is at new highs, a possible sign of an outperformance in the stock market.

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World Wrestling Entertainment continues to build a flat base that has entry 75.33. The stock is back above the 50-day line and just 4% away from the buy point. The RS line continues to record new highs.


Join IBD experts as they analyze the leading stocks in the current stock market correction on IBD Live


Tesla Stock

Tesla shares It fell 8.6% on Monday, closing at its lowest level since July 18, after the company missed estimates on auto deliveries over the weekend.

The electric car giant delivered 343,830 electric vehicles in the third quarter, up 42% from a year earlier and surpassing the first-quarter record of 310,048. It was also 35% higher than 254,695 in the second quarter. The Shanghai factory faced prolonged shutdowns and a slow recovery in the second quarter due to the Covid shutdown.

But analysts expected Tesla to deliver 350,000 to 370,000, with the consensus just above 360,000. Tesla indicated an increase in the number of passing vehicles. But this may reflect weak Chinese demand, spurring an earlier-than-usual export boost from Shanghai.

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Shares are down more than 40% from their 52-week high.

Dow Jones Leaders: Apple and Microsoft

within Dow Jones stockApple shares rose 3.1% on Monday, ending a three-day losing streak. However, shares are down more than 20% from their 52-week highs and below their 50 and 200-day lines.

Microsoft stock rose 3.3% on Monday, recovering from Friday’s 52-week low. The software giant is still more than 30% off its 52-week high.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

You may also like:

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Top growth stocks to buy and watch

Learn how to time the market with IBD’s ETF Market Strategy

Find the best long-term investments with IBD long-term leaders

MarketSmith: Research, charts, data, and training in one place

How to Find Growth Stocks: Why IBD Simplifies Finding Top Stocks

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A top aide to Ukrainian President Zelensky accuses BP of profiting from the war with a stake in the Russian oil company.

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Basic [hotlink ignore=true]energy[/hotlink] The company that pledged to sell its stake in Russia has yet to do so, and a senior Ukrainian official has accused it of siphoning off millions from the war.

British Petroleum is one of the largest oil and gas companies in the world announce Last February, it said it would sell its 19.75% stake in Russian energy company Rosneft in the aftermath of Vladimir Putin’s invasion of Ukraine.

But after nine months, [hotlink]BP[/hotlink] It has not yet emptied its stake, and one of the closest advisers to Ukrainian President Volodymyr Zelensky is demanding that the company cut ties immediately.

Zelensky’s chief economic adviser, Oleg Ustinko, wrote a letter – it’s been seen before BBC And the The guardian— to Bernard Looney, CEO of BP, urging the company to keep its pledge from the early days of the war, while accusing BP of complicity with Russia in violating international law and its abuses in Ukraine by holding on to its stake in Rosneft.

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“After nine months of Russian aggression, war crimes, and bombing of civilian infrastructure, all financed and supplied by Russian oil, gas, and coal, BP remains a Rosneft shareholder,” Ustenko wrote.

A BP spokesman said luck The difficulties in selling BP’s stake in Rosneft stem from complications related to Western sanctions against Russian companies.

Ustinko also accused BP of continuing to receive payments from Rosneft in the form of dividends, citing its latest Analytics From the NGO Global Witness. The analysis claimed that by failing to sell its stake in Rosneft, BP “continues to receive dividends to shareholders, known as dividends” from the Russian company.

Based on a Pay compensation to Rosneft shareholders Last month, Global Witness estimated that BP took in around £580 million (about $713 million) in the first nine months of 2022.

A BP spokesperson said that the company has not received any dividends from Rosneft shares since February, and does not expect to receive any dividends in the future, adding that the decision to sell Rosneft shares resulted in $24 billion in damage.

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They added that any payments made by a Russian company to “unfriendly countries” abroad would be strictly monitored by the Russian government.

But Ustinko claimed in his letter that BP’s inability to sell its stake still made it complicit with Rosneft. Huge profits This year, which supported the Russian war effort in Ukraine.

“BP will receive this money in a restricted Russian bank account, which is a clear indication of the historical error your company has made – but nevertheless, BP will receive the dividend,” Ostenko wrote.

No accounting mechanisms or data from BP will change this fact. This is blood money pure and simple.”

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Ustinko accused BP of “waiting out the storm, and going back to business as usual when the war is over”.

A BP spokesperson denied the accusation, saying the company had “absolutely no intention of going back to ‘business as usual’”.

Throughout the war, Russia resorted to using energy as a weapon against the West, especially Europe, which was dependent on Russia for energy Most of its supplies are oil and natural gas. Despite the sanctions, Russia managed to continue selling energy abroad this year. You win big From the very high oil and gas prices during the first few months of the war.

Russia’s fossil fuel exports earned Russian energy companies 158 billion euros ($166 billion) during the first six months of the war, according to study by the Clean Air and Energy Research Center. The study found that energy revenues have contributed about 43 billion euros ($45 billion) to the Russian federal budget since the start of the war, helping to fund the war in Ukraine.

This story originally appeared on Fortune.com

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The former US head of FTX is reportedly seeking $6 million in funding to launch Cointelegraph

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Just a month after the controversial fallout Sam Bankman FriedFTX’s FTX stock exchange and 130 affiliates, and a former high-profile CEO is reportedly looking for investors to launch a crypto company.

Former FTX US President Brett Harrison is looking for $6 million in funding to launch a startup that will build cryptocurrency trading software for major investors, depending to the information. Harrison’s funding round will be for $60 million.