Dow Jones futures dived 450 points aboriginal Tuesday, arsenic Moderna main Stephane Bancel predicted existing vaccines volition beryllium little effectual for the Omicron variant. The banal marketplace bounced aft Friday's omicron Covid-19 sell-off, arsenic President Joe Biden ruled retired caller lockdowns. Electric-vehicle stocks Li Auto, Lucid Motors, Rivian and Tesla raced higher Monday.
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On Monday, the Dow Jones Industrial Average moved up 0.7%. The S&P 500 roseate 1.3%, portion the Nasdaq led the way, rising 1.9%. Crude lipid prices roseate implicit 2%. Bitcoin surged 7%. And the 10-year Treasury output climbed to 1.53%.
Among the Dow Jones leaders, Apple (AAPL) traded up 2.2%, portion Microsoft (MSFT) moved up 2.1% successful today's banal market. Nike (NKE) remains beneath a recent bargain point contempt a 1.1% summation Monday.
Electric-vehicle leader Tesla (TSLA) rallied 5.1% Monday. EV peer Rivian (RIVN) surged astir 7%, portion Lucid Motors (LCID) gained 6.5%. Chinese EV person Li Auto (LI) bolted higher aft delivering earnings, portion Xpeng Motors (XPEV) edged higher.
Among the apical stocks to bargain and watch, Nucor (NUE), Pioneer Natural Resources (PXD), Pfizer (PFE) and Zim Integrated Shipping (ZIM) are adjacent caller bargain zones.
Microsoft, Nucor and Tesla are IBD Leaderboard stocks. Apple was featured successful this week's Stocks Near A Buy Zone story. And Zim was spotlighted successful past week's IPO Leaders story.
Dow Jones Futures Today: Omicron Variant; Powell, Yellen On Deck
Ahead of the banal marketplace unfastened Tuesday, Dow Jones futures dropped 1.3% vs. just value, portion S&P 500 futures mislaid 1%. Nasdaq 100 futures moved down 0.5% vs. just value. Remember that trading successful Dow Jones futures and elsewhere doesn't needfully construe into existent trading successful the adjacent regular stock market session.
Among exchange traded funds, Innovator IBD 50 (FFTY) moved up 1.6% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 2.2%. And the SPDR S&P 500 ETF (SPY) ascended 1.2%.
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35135.78 | +236.44 | +0.68 |
| S&P 500 | (0S&P5) | 4654.86 | +60.24 | +1.31 |
| Nasdaq | (0NDQC ) | 15782.83 | +291.17 | +1.88 |
| Russell 2000 | (IWM) | 222.67 | -0.18 | -0.08 |
| IBD 50 | (FFTY) | 48.48 | +0.78 | +1.64 |
Last Update: 4:38 PM ET 11/29/2021 |
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Early Tuesday, Moderna (MRNA) CEO Stephane Bancel said helium expects existing vaccines to beryllium little effectual against the caller omicron variant, successful an interrogation with the Financial Times.
"There is nary world, I think, wherever [the effectiveness] is the aforesaid level . . . we had with Delta," Bancel said.
Early Tuesday, Treasury Secretary Janet Yellen and Federal Reserve main Jerome Powell volition attest earlier a Senate Committee successful a proceeding titled, "CARES Act Oversight of Treasury and the Federal Reserve: Building a Resilient Economy."
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Stock Market Rally
The banal marketplace snapped backmost from Friday's sell-off, arsenic the large banal indexes closed with crisp gains Monday.
On Monday, The Big Picture commented: "Judging by however the large indexes did, regular readers of this file could easy spot that money managers showed much optimism for ample and megacap names. They favored technology, immoderate cyclical, and a smidgen of dividend-paying inferior sectors. But they besides showed a salty presumption toward different areas of the market."
For regular banal marketplace commentary, beryllium definite to cheque retired IBD's The Big Picture.
Five Best Dow Jones Stocks To Watch Now
Dow Jones Stocks To Buy And Watch: Apple, Nike
Apple rebounded from Friday's 3.2% loss, rallying 2.2% Monday. Shares are astatine the apical of the bargain scope supra a 153.27 bargain constituent retired of a cup-with-handle base, according to IBD MarketSmith illustration analysis. The 5% bargain portion tops retired astatine 160.93.
Retail person Nike is astir 2% beneath its cupful base's 174.48 bargain constituent aft Monday's 1.1% gain.
Dow Jones Earnings: Salesforce
Dow Jones bundle person Salesforce (CRM) bullishly regained its 50-day benchmark during Monday's 4.4% climb. Shares stay extended past a 275.32 bargain constituent successful a cupful with grip contempt their caller pullback.
Late Tuesday, Salesforce net per share are expected to fall 89% to 92 cents from a twelvemonth ago. Salesforce gross is expected to ascent 25% to $6.8 billion
Stock Market Earnings: Ambarella, NetApp, Zscaler
Ambarella (AMBA), NetApp (NTAP) and Zscaler (ZS) volition study their quarterly net results aft the adjacent Tuesday.
Chip decorator Ambarella is expected to gain 49 cents per stock connected income of $90.3, representing year-over-year increases of 444% and 61%, respectively. The banal recovered much-needed enactment astatine its 50-day enactment Monday.
NetApp's net are expected to turn 15% to $1.21 per stock twelvemonth implicit twelvemonth connected gross of $1.55 billion. NTAP shares are tracing a level basal with a 94.79 bargain point. Shares are trading backmost supra their cardinal 50-day moving mean aft Monday's 3.6% rise.
Cybersecurity person Zscaler is expected to gain 12 cents per stock connected income of $212 million. Shares closed Monday conscionable 5% disconnected their 52-week precocious pursuing Monday's 5.65% advance.
Stocks To Buy And Watch: Nucor, Pioneer, Pfizer, Zim
IBD Leaderboard banal Nucor has been trying to interruption retired past a 119.42 bargain constituent retired of a cup-with-handle base, but is sharply beneath the introduction aft Monday's 1.7% decline. Shares are astir 6% beneath the latest entry.
Drug elephantine Pfizer is connected the cusp of being extended past a 51.96 buy point successful a cupful basal pursuing a beardown breakout connected Friday successful the aftermath of the recently discovered omicron variant. Shares reversed 3% little Monday but are inactive supra the bargain point. The 5% bargain zone tops retired astatine 54.56.
Pfizer was Friday's IBD Stock Of The Day. On Friday, vaccine partner BioNTech (BNTX) said it volition instrumentality 2 weeks to find whether its vaccine volition beryllium capable to contend with the caller variant.
Tuesday's IBD Stock Of The Day, Pioneer Natural Resources, continues to physique a level basal with a 196.74 bargain constituent amid Monday's 2.6% gain.
IPO Leader Zim Integrated is gathering a cup-with-handle base with a 60.19 buy point, according to IBD MarketSmith illustration analysis. The banal precocious much than 8% Monday and is nearing the caller entry.
EV Stocks: Li Auto, Xpeng, Lucid Motors, Rivian
Li Auto is trying to interruption retired past a cup-with-handle base's 34.93 bargain point. The banal surged arsenic overmuch arsenic 11.1% Monday earlier paring gains to 6.4% aft the institution reported quarterly net results up of the marketplace open. Shares closed conscionable beneath the entry.
The Tesla rival said it mislaid 6 cents a stock adjusted, missing expert targets. But gross changeable up 210% successful section currency to $1.21 billion, beating the Street's estimates. Li Auto delivered 25,116 vehicles successful the 3rd quarter. The institution said fourth-quarter gross should leap 113%-127% successful section currency to $1.37 billion-$1.46 billion.
Xpeng Motors is extended past its 48.08 bargain constituent successful a choppy cupful basal pursuing past week's crisp gains. XPEV shares roseate 0.5% Monday.
Lucid Motors shares traded up 6.5% Monday, much than recovering from Friday's 1.6% decline. LCID stock remains acold extended past a 28.49 bargain constituent successful a cup-with-handle base.
Hot archetypal nationalist offering Rivian roseate 6.8% Monday, snapping a two-day losing streak and rebounding from Friday's 2.4% loss.
RIVN shares closed Monday astir 33% disconnected their post-IPO highs. The diminution is simply a imaginable affirmative for investors remaining disciplined and waiting for an IPO base to signifier earlier considering a purchase. The caller weakness is the commencement of Rivian's archetypal basal formation, but the past 2 weeks of terms enactment weren't precise constructive fixed the crisp losses.
Tesla Stock
Tesla stock rallied implicit 5% Monday, recovering from Friday's 3.05% skid. Shares traded arsenic precocious arsenic 1,243.49 connected Nov. 4, but the banal ended Monday astir 9% disconnected its 52-week high.
TSLA shares stay sharply supra a 764.55 bargain constituent successful a cup with handle, arsenic good arsenic earlier entries astatine 700.10 and 730. The illustration besides showed an alternate introduction astatine 900.50.
Dow Jones Leaders: Apple, Microsoft
Among the apical Dow Jones stocks, bundle elephantine Microsoft moved up 2.1% Monday, astir erasing the entirety of Friday's 2.4% decline.
On Oct. 18, Microsoft stock broke retired past a flat base's 305.94 bargain point. The 5% bargain portion topped retired astatine 321.24, truthful the banal is extended.
Be definite to travel Scott Lehtonen connected Twitter astatine @IBD_SLehtonen for much connected maturation stocks and the Dow Jones Industrial Average.
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