The Dow Jones Industrial Average rallied 100 points on Wednesday as AMC stock rose as much as 35% in morning trade. Tesla stock recalled news, while Zoom Video declined after reporting strong earnings results.
In the middle Dow Jones Leaders, Apple (AAPL) Received 0.5% on Wednesday Microsoft (MSFT) Moved at 0.4% Today’s stock market. Caterpillar (Kate) And J.P. Morgan (J.P.M.) Are above the latest purchase points.
Dow Jones today
The Dow Jones Industrial Average traded up 0.3% on Wednesday, with the S&P 500 up 0.3%. The technology-heavy Nasdaq hybrid rose 0.2% in morning trade.
Overview of the US Stock Exchange today
|Index||Logo||Price||Gain / Loss||% Change|
|S&P500||(0 S & P5)||4213.12||+11.08||+0.26|
Last Updated: 10:44 AM ET 6/2/2021
Stock market rally
The Dow Jones Industrial Average sought to extend its success to five sessions on Wednesday because it is higher than the May 10 record. Meanwhile, technology-heavy Nasdaq is above its 50-day moving average following a positive comeback last week. The potential resistance is around 14,000.
Big picture on Tuesday The column commented, “The Nasdaq hybrid closed 0.1% lower, which was five time sessions of sluggish price performance. On the plus side, the Nasdaq holds above its 50-day moving average and has some room before it reaches the potential resistance level of 14,000.”
For more stock market commentary, see The Big Picture of IPT.
Dow Jones Shares: Caterpillar, J.P. Morgan
Dow Jones Finance Chairman JPMorgan trades above 161.79 on a flat platform. IPT Marketsmith Chart analysis. Shares fell 0.1% on Wednesday morning.
Meanwhile, the caterpillar is in the last 5% buying zone with 237.88 buying space on a flat site. The 5% buy limit goes up to 249.77. Shares fell 0.3% on Wednesday morning.
Buy and View Stocks: Applied Products, Nvidia, Trans Digm
According to IPD stock testing, AMAT stock Has a strong 97 out of a perfect 99 IPD Joint Assessment. Collective appraisal allows investors to easily measure the basic and technical metrics of a stock.
Nvidia tries to keep above its 648.67 buying point on a file site following Friday’s breakout move IPT Marketsmith Chart analysis. The stock is up 2% in the morning just above Wednesday’s entry. The 5% buy zone goes up to 681.10.
New IPT Leaderboard The stock has crossed the trans dikm 633.14 buying point Flat base Last week. The 5% buy zone Goes up to 664.80. As noted on the Leaderboard, the relative strength of TransDigm has risen to an all-time high since the site’s creation began in early April. That is a positive sign.
The stock accumulated 0.5% on Wednesday and traded above the 5% buy zone.
AMC Entertainment (A.M.C.) Rose to 35% on Wednesday morning, rising to 43.76 and adding 22.7% on Tuesday.
AMC stock While Reddit short-pressed mania raised heavily discounted stocks, its January high is above 20.36. The stock rallied 116% last week amid a new round of social media.
Zoom in on video revenue
Zoom video reported Strong revenue results Late Tuesday. Earnings for the April quarter rose 560% to $ 1.32 a share. Revenue rose 191% to $ 956.2 million, the company said.
The stock was down 0.3% on Wednesday morning. The shares are up more than 40% from their 52-week high.
Tesla shares fell 3% on Wednesday morning, threatening to exacerbate a loss for three sessions. Tesla recalls 6,000 Model 3 and Model Y cars in the United States because the brake caliper bolt may be loose and reduce tire pressure, Reuters reports, Citing a petition filed with the National Highway Traffic Safety Administration.
The stock recovered from its long-term 200-day moving average last week, still above that critical level. A new site may be created, but the stock is far from any new purchase.
On January 25, Tesla’s stock reached a record high of 900.40, up 93% from 466 buy points per cup with the handle.
Dow Jones Leaders: Apple, Microsoft
In the middle of the top Dow Jones Shares, Apple rose 0.5% on Wednesday as the stock struggles to regain the 50-day line. A decisive revision of the 50-day tax would be positive for the stock’s expectations; However, the lagging RS tax on stocks indicates significant stock market performance.
Earlier this month, a 7% -8% loss reduction from the 135.63 buy point in the stock triggered the sell-off rule.
Don’t forget to follow Scott Lehton on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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