Dow futures fell directly after the stock market movement on Monday. The Federal Reserve’s two-day meeting begins on Tuesday, followed by an interest rate policy decision on Wednesday afternoon.
Late Monday, Apple chip maker NXP Semiconductor (NXPI) reported strong results in the second quarter, but the stock is still down about 2% in the extended trade. NXP stocks are forming a new base after a sharp recovery from recent lows. In the meantime, opponent giant Dow Jones Walmart (WMT) stock is down more than 9% after cutting its earnings forecast for the current quarter and full year.
Next, technology earnings will rise this week, with reports coming out of the alphabet (GOOGL), Amazon.com (AMZN), apple (AAPL), meta pads (META) and Microsoft (MSFT).
Alphabet and Microsoft will report on Tuesday after the market closes. Identification earnings are due on Wednesday. Amazon and Apple earnings Thursday.
stock market today
On Monday, the Dow Jones Industrial Average rose 0.3%, and the S&P 500 gained 0.1%. The high-tech Nasdaq Composite pared its decline to 0.4%, extending losses from Friday’s low.
US stock market overview today
|Dow Jones||(0 USD)||31990.00||+90.71||+0.28|
|Standard & Poor’s 500||(0S&P5)||3966.72||+5.09||+0.13|
|defect 50||(fifty fifty)||27.00||+0.19||+0.71|
Last update: 4:54 PM ET 7/25/2022
Among the exchange-traded funds, the Nasdaq 100-tracked Invesco QQQ Trust (QQQ) Index is down 0.6%, and the SPDR S&P 500 ETF (SPY) is up 0.1%.
Tesla (TSLA) slipped 1.4% on Monday. Among the leaders of Dow Jones, Apple and Microsoft lost 0.7% and 0.6%, respectively, in the stock market today.
In a volatile stock market environment, Dow Jones stock United Health (United Nations) – well ELF Beauty (dwarf), Quanta Services (PWR), Ulta Beauty (ULTA), Navigation Vira (VRRM) and Vertex Pharmaceuticals (VRTX) – Among the stocks to watch. Keep in mind that the constant volatility in the stock market is a reason to remain more conservative despite recent signs of strength.
UnitedHealth and Vertex are IBD Leaderboard shares. ELF and Ulta appeared in the stock column near the buy zone for this week.
Dow futures today: Treasury yields, oil prices, Federal Reserve meeting
After Monday’s close, Dow Jones futures were down 0.45%, and S&P 500 futures were down 0.3% against fair value. Nasdaq 100 futures are down 0.4% against fair value. Remember that overnight action in Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.
The 10-year Treasury yield rose Monday to close at 2.82%. Meanwhile, US oil prices rebounded about 2%, with West Texas Intermediate trading near $97 a barrel.
The Federal Reserve’s two-day meeting will begin on Tuesday. Wall Street predicts that the central bank will raise interest rates aggressively through the end of the year – and then turn around and start cutting them within six months. A rate hike of 75 basis points is expected on Wednesday.
What to do in the current stock market
The movement of individual stocks has mostly been improving in recent trading sessions, which is a good start during the rally of the struggling stock market. With that said, be more conservative and keep positions small when it comes to new purchases. Don’t overexpose too quickly, especially amid so much uncertainty. The heavy selling in the market on Friday underscores the importance of extra caution at this point.
Friday’s big picture column commented, “Multiple distribution days fell off count on Thursday, which is positive for the emerging bullish trend. Despite strong weekly gains for indices, uptrend remains under pressure. Indices face resistance around round numbers; 12000 for Nasdaq Composite Index.” , 4,000 for the S&P 500 and 32,000 for the Dow Jones.”
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Four Dow Jones stocks to watch right now
Dow Jones stocks to watch: UnitedHealth
Health insurance giant UnitedHealth and IBD Leaderboard stock are in a buying range above its double-handle base buy point at 518.80 after Monday’s 1.55% gain, according to IBD MarketSmith chart analysis.
UN stock shows 95 solids of Class 99 IBD, per 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 rally
Top stocks to watch: ELF, Quanta, Ulta, Verra, Vertex
ELF Beauty is back below 33.54 pips in a cup with a handle after the last slide. The RS line reached a new high last week, which is an indication of an outperformance in the stock market. ELF shares rose 0.5% on Monday, after Stifel Nicolaus raised his price target from 29 to 34.
Quanta Services finalizes a teacup base with a handle that has 138.56 buy points, according to IBD MarketSmith chart analysis. Meanwhile, an early entry at 133.68 is also playing a role. Shares traded 0.5% higher on Monday.
The stock IBD Big Cap 20 Ulta Beauty builds a flat base with 429.58 buyout points. The base comes on the heels of the failed breakout of Teacup with 426.93 entering the handle in June. In recent weeks, the stock has decisively regained its 50-day line, paving the way for a new buying point. Ulta shares fell 1.3 percent on Monday.
Verra Mobility continues trading without a cup with a buy point of 16.83 for the handle following Monday’s 0.4% gain. The RS line of the stock continues to show tremendous strength as it reached a new high last week.
IBD Leaderboard stock Vertex Pharmaceuticals is testing a 279.23-cup handled buy point amid a two-week decline in stocks, according to IBD MarketSmith chart analysis. The leading biotech company is in 5% buying territory which rose to 293.19 amid Monday’s 1.2% rally. But investors should wait for a decisive signal of support before buying the stock.
Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live
Tesla stock fell 1.4% on Monday, cutting an eight-day winning streak and returning a small portion of last week’s earnings that fueled a 13.4% rally.
Shares are at their highest level since early May, but are still 35% off their 52-week high.
Dow Jones Leaders: Apple and Microsoft
Among Dow Jones stocks, Apple shares fell 0.7% on Monday, adding to Friday’s losses. Apple is still above the 50-day line after the bullish move in recent weeks. Stocks are still below the long-term 200-day line, which is looming as a resistance level to watch. The stock is about 17% from its 52-week high.
Microsoft stock fell 0.6% Monday, back off the 50-day streak. The stock has closed about 26% from its 52-week high.
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