August 18, 2022

blog of a female American

Those most sensible Apple Watch chargers will make sure you by no means run out of juice – CNN

Stocks rose Friday afternoon as the Dow Jones Industrial Average rose more than 100 points...

Stocks rose Friday afternoon as the Dow Jones Industrial Average rose more than 100 points thanks to big gains by Cisco Systems (CSCO), Microsoft (MSFT) and Apple (AAPL).


The S&P 500 rose 0.6%, the Nasdaq gained 0.3% and the Dow Jones industrials added 0.3% in the stock market today. Small caps tracked by the Russell 2000, down 0.5%, lagged. Volume was higher on the Nasdaq and lower on the NYSE vs. the same time Thursday.

Among exchange traded funds, Innovator IBD 50 (FFTY) gave up 0.5% after slipping back below its 200-day moving average on Thursday.

The iShares Russell 1000 Growth ETF (IWF) advanced 0.6% Friday, with the Nasdaq 100-tracking Invesco QQQ Trust (QQQ) also up 0.6%.

Early Friday, the U.S. Bureau of Labor Statistics said the consumer price index rose 6.8% in November year over year, nearly in line with Econoday estimates. That was the fastest pace since 1982. On a monthly basis, the CPI climbed 0.8% in November from the prior month, above expectations for a 0.7% rise.

The U.S. economy has been struggling to recover from the Covid-19 pandemic, which triggered nationwide lockdowns more than a year and a half ago. A resurgence in cases fueled by the more contagious delta variant had been slowing as vaccinations rise.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 35861.74 +107.05 +0.30
S&P 500 (0S&P5) 4693.75 +26.30 +0.56
Nasdaq (0NDQC ) 15561.70 +44.33 +0.29
Russell 2000 (IWM) 219.52 -1.00 -0.45
IBD 50 (FFTY) 45.40 -0.24 -0.53
Last Update: 1:40 PM ET 12/10/2021

But a new coronavirus variant with a large number of mutations is raising concerns. It’s unclear whether vaccinations or prior Covid infection provide substantial protection against the omicron variant, which has now been found in several U.S. states.

See also  Realme Pad X evaluate – funds pill with a number of compromises – Enterprise Insider India

Globally, Covid-19 cases have topped 269 million, with over 5 million deaths, according to Worldometer. In the U.S., cases are approaching 51 million with more than 815,000 deaths.

Growth Stocks To Watch

Oracle (ORCL) surged 16% to a new high in heavy volume, gapping up past a 99.05 buy point of a base-on-base formation. The breakaway gap offers a higher entry of 106.28, based off the stock’s high in the first five minutes of trade. The cloud computing giant reported mixed results for its fiscal second quarter, which ended in May.

Broadcom (AVGO) gapped up and soared nearly 8% to a new high in triple normal trade. Late Thursday, the chip designer reported fiscal Q4 results that beat views on both the top and bottom lines. Broadcom also forecast current-quarter sales of around $7.6 billion, above analysts’ estimates, and announced a new $10 billion stock buyback.

AVGO stock’s gains from the most recent breakout now exceed 25%, so investors can take profits.

Over in the IBD 50, MP Materials (MP) rose more than 3% in heavy trade, on track for a new closing high. Shares are well extended from a 40.78 buy point of a cup base.

Other IBD 50 winners included Green Brick Partners (GRBK), Louisiana-Pacific (LPX), Trex (TREX) and Microsoft, up more than 2% each.

But Trupanion (TRUP), SiTime (SITM) and Zim Integrated Shipping (ZIM) lost more than 4.5% each.

Dow Jones Movers

Cisco Systems led the upside on the Dow industrials with a 3% gain, climbing past a 58.73 buy point of a double-bottom base. But volume was lower than usual. Shares remain in buy range up to 61.67.

See also  What Does “PRO” Actually Imply To Apple? | by Attila Vágó | Bricks n' Brackets | Jun, 2022 – Medium

Microsoft advanced more than 2% in twice its normal trade as it heads back toward recent highs. The software giant is on track to win unconditional antitrust approval from the EU for its $16 billion bid to buy Nuance Communications (NUAN), Reuters reported.

MSFT is rebounding off its 10-week line for the first time since a mid-October breakout past a 305.94 buy point of a flat base. That sets up a chance for investors to buy or add shares. But all purchases remain highly risky with the market in correction.

Among other Dow winners, Coca-Cola (KO), Honeywell (HON) and Apple (AAPL) gained about 2% each.

Apple marked a record high and is on pace for a fourth advance of the past five sessions. The stock is about 16% past a 153.27 buy point of a cup-with-handle base. The 5% buy zone topped out at 160.93.

Boeing (BA) and Goldman Sachs (GS), down about 1.5% each, led the downside on the Dow.

Follow Nancy Gondo on Twitter at @IBD_NGondo


4 Global Leaders Near Buy Point As Market Rebounds

Find The Best Long-Term Investments With IBD Long-Term Leaders

Learn How To Time The Market With IBD’s ETF Market Strategy

MarketSmith Provides Investing Tools That Are Easy To Use