Stocks were mixed as oil prices fell in the OPEC talks

The Dow Jones Industrial Average rose Monday morning, apparently Disney (DIS) stock rose nearly 10% after the company announced that Bob Iger would return as CEO. Oil prices fell in the US, as OPEC considered increasing production. Meanwhile, Tesla stock hit a new 52-week low in morning trading.


The short holiday week will receive a flurry of economic data on Wednesday, including Consumer Confidence, Durable Goods Orders, First Jobless Claims, Fed Meeting Minutes, PMI readings and New Home Sales. The stock market will be closed on Thursday for Thanksgiving, along with a shortened trading session on Friday.

This week’s earnings reports include: Baidu (Started), best buy (BBY), monastery (From), Lee Otto (LI), Nordstrom (JWN), Urban Outfitters (civilized), Video zoom (ZM).

Cryptocurrency exchange Coinbase (COIN) Down Nearly 3% Bitcoin Price Dropped 2.5% As Crash Related to FTX’s Bankruptcy Could Widen. electric car giant Tesla (TSLA) was trading down more than 3% Monday morning as the company released a software update related to the taillights of more than 300,000 vehicles.

Technology pioneers at Dow Jones apple (AAPL) and Microsoft (MSFT) was mixed after the stock market opened today.

IBD Stock Leaderboard Arista Networks (Network), GlobalFoundries (GFS), Phillips 66 (PSX), Scholes Technologies (SHLS) – as well as the name of Dow Jones Larva (CAT) – Among the top stocks to buy and watch.

Arista Networks is an IBD stock on the leaderboard and was one of the most recent IBD stocks for the day. GlobalFoundries appeared in the stocks column near the overbought zone last week. Shoals was the stock pick to watch out of the IBD 50 on Thursday.

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Dow jones today: oil prices and treasury yields

After Monday’s opening bell, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 fell 0.25%. The high-tech Nasdaq Composite fell 0.4% in the morning move.

Among exchange-traded funds, the Nasdaq 100-tracking Invesco QQQ Trust (QQQ) lost 0.3% early Monday, and the SPDR S&P 500 ETF (SPY) fell 0.25%.

The 10-year Treasury yield fell to 3.78% Monday morning, threatening to force a two-day winning streak. Meanwhile, US oil prices fell more than 4% on Monday after the Wall Street Journal reported that OPEC is considering increasing production by up to 500,000 barrels per day. West Texas Intermediate futures traded below $77 a barrel on Monday.

Stock market rise

The Nasdaq closed nearly flat on Friday, while the Dow Jones Industrial Average and S&P 500 posted gains of 0.6% and 0.5%, respectively.

The Big Picture commented on Friday, “If the stock market’s current bull run is going to lead to meaningful gains, it must show resilience in a headline-driven environment. This time the market was able to ignore the Fed’s negative comments after the Boston Fed chief Susan Collins refused to rule out a fifth consecutive 75 basis point increase in interest rates at the next Federal Reserve meeting in December.

Now is an important time to read IBD’s Big Picture column amid the ongoing volatility in the stock market.

Five Dow Jones stocks to buy and watch now

Dow Jones stock to buy and watch: Caterpillar

Dow Jones member Caterpillar Inc. snapped a losing streak on Friday, but it was still nearly 3% short of the 238-point Buy Cup base, According to IBD MarketSmith Pattern Recognition. CAT, which is heavily exposed to the Chinese economy, lost 0.8% on Monday.

CAT stock boasts an impressive average of 95 out of 99 IBD compound rating, per IBD stock examination.

4 growth stocks to watch in Cursstock market rally

Top stocks to buy and watch: Arista, GlobalFoundries, PSX, and Shoals

Shares of Arista Networks on IBD Leaderboard moved above the 132.97 buy point of a choppy base during Friday’s gain of 2.6%. ANET stock was trading down 0.4% on Monday.

Chip foundry GlobalFoundries is in a buy range above 66.06 buy points at the base of the cup after Friday’s gain of 1.2%, According to IBD MarketSmith Pattern Recognition. Shares of GFS were down 0.8% Monday morning.

The last IBD 50 stock to watch, Phillips 66, is still below the 110.08 buy point of the base of a cup with handle. psx The shares were trading up 1.5% in morning trading.

Shoals Technologies is still out of the buy range after 28.57 points long despite falling 2% on Friday. The 5% buy zone peaked at 30. Wait for an orderly pullback into the buy range before considering buying stocks. SHLS stock fell 1.9% early on Monday.

Join IBD experts as they analyze the leading stocks of the current stock market rally on IBD Live

Tesla stock

Tesla shares slid another 2.6% on Friday, falling sharply for the third straight session. The stock hit a 52-week low on Friday at 176.55. Tesla shares are down about 55% from their 52-week highs and sharply below the 50- and 200-day moving average lines.

Shares of the EV giant were trading down 3.5% Monday morning, hitting a new 52-week low.

Dow Jones leaders: Apple and Microsoft

Among Dow Jones stocks, Apple shares rose 0.4% on Friday, adding to Thursday’s gains and continuing its recovery from support around the 50-day line. The stock was trading down 1.6% on Monday.

Microsoft fell on Friday, still holding above the 50-day line that was recently recovered. The software giant is still about 30% off its 52-week high. Shares of Microsoft rose 0.8% Monday morning.

Be sure to follow Scott Lehtonen on Twitter at @employee Learn more about developing stocks and the Dow Jones Industrial Average.

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