The Dow Jones Industrial Average jumped but the Nasdaq was brighter as stocks fought back. Twitter (TWTR) Get immersed on the move are you here (TSLA) CEO Elon Musk. Warren Buffett stock Western Petroleum (OXY) Display entry recovery during apple (AAPL) was a top premium company.
The battered tech stocks were among the top performers, with DocuSign (DOCU) Turning in a handsome gain. ARK Innovation, ticker symb = ARKK]a beleaguered ETF led by Cathy Wood, exploded 11% higher.
Volume is down on both the Nasdaq and New York, according to early data. This is not ideal when the market is trying to go higher.
Meanwhile, the benchmark 10-year Treasury yield rose 12 basis points to 2.94%. Oil rallied again, with West Texas Intermediate crude up 4% to more than $110 a barrel.
Nasdaq rises as stock growth outperforms
The Nasdaq was the largest major index, rising 3.8%. EV صانع Maker Lucid Motors (LCID) was among the best performers here, up 14.8%.
The S&P 500 finished the session with a solid gain of 2.4%. Energy Enphase (ENPH) Liked it here by 12%.
Overview of the US stock market today
|Dow Jones||(0 DJIA)||32195.94||+465.64||+1.47|
|S & P500||(0S&P5)||4023.86||+93.78||+2.39|
|defect 50||(fifty fifty)||30.42||+1.13||+3.86|
Last update: 4:08 PM ET 5/13/2022
S&P sectors were all green. Consumer discretion, technology and energy-off. Facilities and health made the weakest gains.
The little hats finally slipped against the bears, with the Russell 2000 advancing 3.2%.
But it was growth stocks that had the best day ever. The Innovator IBD 50 ETF (FFTY), the leader in developing stocks, closed 3.9% higher.
Dow Jones Today: The index jumps as Apple shares explode
The Dow Jones Industrial Average rose to the close with a gain of nearly 500 points. It ended the session 1.5% higher. However, it has now declined for seven consecutive weeks.
Apple stock was the gainer on Friday, rising 3.2%. However, the stock ended the week down 6.5% according to MarketSmith data.
but it was nike (NKE) This was the biggest winner of the Dow Jones Index today. It appeared at 4.7%.
Johnson & Johnson (JNJ) led the downside, but fell only 0.6%.
A new market rally is underway: get ready, get ready, but don’t go yet
Twitter hit on Elon Musk’s movement, Tesla’s stock rallies
Twitter stock emerged as a sore thumb among tech stocks as it fell.
This came after Tesla CEO Elon Musk, who is trying to buy the company, shared some potentially ominous news on the social network.
“Twitter deal is temporarily on hold with the pending details supporting the account that spam/fake accounts already account for less than 5% of users,” Eccentric Executive TweetAnd
However, he later added that he “remains committed” to the acquisition, which has become a major focus due to Musk’s views on free speech.
Twitter stock fell 9.7%. It now falls well below the 54.20 price Musk offered to make the company private. Price variance indicates a higher risk of incomplete acquisition.
In contrast, Tesla electric vehicle stock jumped 5.7%. However, it is still rooted below its main moving averages. TSLA stock was hit amid concerns that Twitter could distract Musk from the electric car business.
Donald Trump PSPC Gaining a digital world (DWAC), which was hired to host former president’s rival social network Truth Social, rose 8.3%.
Cathy Woods ETF vaults while defeating tech rallies
Battered technology stocks were among the top gainers on Friday. DocuSign was hugely impressed as it jumped by 13.4%. While still shy of the 50-day streak, it was the best performer on the Nasdaq today.
The most dangerous names did the best for the day, with Tilladock Health (TDOC) jumped 9.4% and a favorite of Warren Buffett snowflake (Snow) Launcher 12.4%.
Big tech was gaining ground, too. Microsoft (MSFT) pink 2.2%; Amazon (AMZN) rose 5.7%, parent Facebook ID pads (FB) jumped 3.9% and Google parent company the alphabet (GOOGL) up 2.8%.
The weak tech stock performance has given a much-needed boost to the ARK Innovation ETF, which is led by Cathy Wood. But while it is up 11.9% on Friday, it is still down 55% for the year.
Casinos have been an area that has taken a notable step outside the realm of technology. They made some of the best gains in the stock market today, with the likes Las Vegas Sands (LVS) and Win Resorts (WYNN) the brightest with gains of 15% and 13.2%, respectively.
Outside the Dow: Warren Buffett’s stock offers entry
While it is risky to add stocks to one’s portfolio during a correction, two energy names have emerged while making upward moves.
Warren Buffett’s stock, Occidental Petroleum, was bouncing off the 10-week moving average. This is considered an entry with a perfect buy point at 59.26. It is executable up to 65.19.
The RSI line was great until 2022 and seems to be heading up again.
Legendary investor Warren Buffett is a huge fan of the stock. his company Berkshire Hathaway (BRKB) is now the company’s largest shareholder with a 15.2% stake.
Occidental is the largest owner of an acre in the Permian Basin in Texas and New Mexico.
New Fortress Energy also presents a buying opportunity as it rebounds up from the 10-week streak. The ideal entry here is 39.92 and can be bought up to 43.91.
The New York-based company aims to transform the energy market, with LNG as a key component of its strategy. It operates in the United States, the Caribbean, Europe and Latin America.
Both stocks won spots on the IBD Leaderboard’s prestigious list of leading stocks on Friday.
Please follow Michael Larkin on Twitter at Tweet embed Learn more about growth stocks and analysis.
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