The Dow Jones Industrial Average at one point jumped more than 200 points in early morning trading before paring gains following President Trump’s comments regarding ongoing U.S. civil unrest. Meanwhile, stocks nearing buy points on Tuesday include Apple (AAPL), Dominos Pizza (DPZ) and Netflix (NFLX).
At around 1:20 p.m. ET, the Dow Jones gained 0.8% and the S&P 500 nearly 0.5% Tuesday while the tech-heavy Nasdaq pared some gains, rising 0.1% after weeks of outperformance. The Nasdaq remains roughly 3% off its recent all-time high from Feb. 19.
Regarding the ongoing protests across the country, President Trump responded by threatening potential military action. During a televised speech Monday, Trump said, “I am mobilizing all federal and local resources, civilian and military, to protect the rights of law-abiding Americans. If a city or state refuses to take the actions necessary to defend the life and property of their residents, then I will deploy the United States military and quickly solve the problem for them.”
Dow Jones Today
The Dow Jones Industrial Average was up over 140 points, or 0.5%, at around noon time in New York on Tuesday. The 30-stock blue chip index had risen as much as 0.9% early. The S&P 500 traded up nearly 0.5%, while the Nasdaq Composite turned a mild 0.3% loss into a small gain of around 0.2%. The Nasdaq had gained more than 5% in the prior two weeks.
Volume was trading a touch higher on both major exchanges vs. the same time Monday.
Dow Jones leading stock Microsoft (MSFT) reversed mild early losses to gain slightly as the stock is now back inside a buy range. Meanwhile, Intel (INTC) slipped 1% lower, falling below its 5% buy range.
Elsewhere in the Dow Jones, Leaderboard stock UnitedHealth Group (UNH) traded slightly lower and reached its key 5% buy range in today’s stock market. Shares of UNH stock remain above a 304.10 cup-with-handle buy point. According to Leaderboard stock analysis, “shares are above a trend line drawn within the handle that offered an aggressive entry near 293.”
In midday action, 21 of the 30 Dow Jones components traded higher, and 10 of the components were up more than 1%. Among the Dow’s biggest gainers are financial stocks Goldman Sachs (GS) and American Expres (AXP), at one point up 1.8% and 3.5%, respectively.
Stocks To Watch
Among exchange traded funds, Innovator IBD 50 (FFTY) backed off from a climb of nearly 0.4% Tuesday.
Among top stocks to watch this morning, Dominos Pizza is trading just beneath a key 387.95 buy point in a flat base. The Leaderboard stock currently has a strong 92 Relative Strength Rating, but the RS line remains off its all-time highs.
Dow Jones leader Apple stock is currently inside the proper 5% buy zone above a 319.79 handle buy point, according to MarketSmith chart analysis. According to Leaderboard stock analysis, “the stock broke out in soft volume but that can happen sometimes with megacaps. The relative strength line is near highs, a plus. The base is second stage.”
The stock maintains a 93 Relative Strength Rating and strong 91 Composite Rating.
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