The Dow Jones Industrial Average rose 150 points, while technology stocks fell Friday morning, with Snap stock crashing more than 33% on the Double sales results and profits.
Snap reported an adjusted loss of 2 cents per share on revenue of $1.11 billion. Analysts expected a 1 percent loss per share on revenue of $1.14 billion. The Snapchat parent also declined to give guidance for the third quarter. Additionally, it said it would “significantly slow our hiring rate, as well as our operating expense growth rate.”
American Express Verizon split Dow Jones industrial benchmarks in early trading, with AmEx up 6% and Verizon down nearly 4%. Surgical prolapse 9%. Heavyweight Oilfield Services Schlumberger acquired 8%. Twitter shares are down more than 1% early on.
micron technology (mo) down nearly 3% after Morgan Stanley downgraded the stock to underweight. Tesla (TSLA) earned 2% early Friday. in another place, Technology Pioneers at Dow Jones apple (AAPL) rose 0.3% and Microsoft (MSFT) decreased 0.3% after that stock market today Open.
In a volatile uptrend in the stock market, the leader of the Dow Jones United Health (United nations) – Beside Lanthius (LNTH), Quanta Services (PWR) And the Navigation Vira (VRRM) – Among the stocks to watch. Keep in mind that although the market has shown bullish signs of strength, the constant volatility is a reason to remain cautious.
Dow Jones today: Treasury yields and oil prices
After Friday’s opening, the Dow Jones Industrial Average rose 0.25%, while the S&P 500 was up. The technology-heavy Nasdaq Composite Index was down 0.1% in morning trading.
The 10-year Treasury yield fell to 2.8% on Friday morning, threatening to extend Thursday’s losses. Meanwhile, US oil prices fell sharply for the second day in a row. West Texas Intermediate crude futures fell nearly 2% to test technical support above $94 a barrel.
stock market rise
On Thursday, the stock market posted a more upbeat move, with the tech-heavy Nasdaq leading the way with a 1.4% advance. The S&P 500 followed with a 1% gain, while the Dow Jones Industrial Average rose 0.5%.
Thursday column big picture He commented, “After Wednesday’s gains, the Nasdaq has zero Distribution days. Now, the S&P 500 is losing three of its value and falling to one. Distribution days have been eliminated on June 30, July 13 and July 14 due to the 5% advancement rule.”
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Dow Jones earnings: American Express, Verizon
American Express stock rose 6% Friday morning after the company reported Better-than-expected earnings for the second quarter of the year Results. AXP shares closed on Thursday 25% from a 52-week high.
Dow Jones stocks to watch: UnitedHealth
health insurance giant IBD Leaderboard UnitedHealth stock is just above its double-handle base buying point at 518.80 after Thursday’s 0.6% gain, according to IBD Market Smith Graph analysis. Shares rose 0.6% on Friday.
UN stock Shows a solid value of 95 out of a full 99 IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics.
Top stocks to watch: Lanthus, Quanta, Vera
IBD Leaderboard Lantheus stock fell below 73.88 buying points after Thursday’s 3.1% drop. According to leaderboard commentary, Lantheus has proven to be one of the strongest stocks in the market currently, after rising from its double bottom in February. Lanthus shares rose 0.8% early Friday.
Quanta Services finalizes a teacup base with a handle for 138.56 purchase points, according to IBD Market Smith Graph analysis. Meanwhile, an early entry at 133.68 is also playing a role. Shares were up 1.4% in morning trading.
Verra Mobility is close to reclaiming a cup with a handle buy point of 16.83 following Thursday’s 0.8% rally. stock RS . line It continues to show tremendous strength as it reached a new high this week. Vera shares are up 1.5% on Friday morning.
Tesla stock rose 9.8% Thursday after strong earnings results, extending the winning streak to seven sessions. The stock hit its highest level since early May.
Stocks rose 2% on Friday morning.
Dow Jones Leaders: Apple and Microsoft
within Dow Jones stockApple shares rose 1.5% on Thursday and closed on their long-term 200-day streak. Stocks regained the 50-day streak after the upward movement in recent weeks. Apple earnings are due on July 28. The stock was up 0.3% on Friday morning.
Microsoft stock rose 1% on Thursday, moving further above resistance around the 50-day line. The stock has closed about 24% from its 52-week high. The software giant will announce quarterly results on July 26. Microsoft shares lost 0.3% early Friday.
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