December 12, 2024

Brighton Journal

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Dow drops as Biden prepares to ban Russian oil imports

Dow drops as Biden prepares to ban Russian oil imports

The Dow Jones Industrial Average reversed lower on Tuesday morning, looking to recover from Monday’s stock market slide. Treasury yields jumped, while US oil prices soared above $125 a barrel afterwards Bloomberg mentioned President Biden is intent on banning US imports of Russian energy. The ongoing Russian invasion of Ukraine, along with the West’s response, remains the main focal point of today’s stock market.




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before opening on tuesday, Dick sporting goods (DKS) And the Olaplex (OLPX) reported its quarterly results. DKS shares are up 3%, while OLPX shares are up about 5% after solid results.

between the Dow Jones LeadersAnd the an Apple (AAPL) lost 0.2% and Microsoft (MSFT) decreased by 0.2% in Stock market today. United Health (United nations), a Dow Jones stock to watch, ended Monday within walking distance of a new buying point.

electric car leader Tesla (TSLA) was down 1.5% early Tuesday, threatening to increase slippage on Monday.

Amidst the news-driven market volatility, National anthem (ANTME), costco (cost), CSX (CSX) And the Union Pacific (UNP) is among the top stocks to watch on Tuesday. Keep in mind that current stock market conditions should keep investors on the sidelines and on the sidelines.

Microsoft and Tesla IBD Leaderboard Stores. Costco and CSX appeared this week Stocks near the buying area vertical.

Dow Jones Today: Russian Invasion, Oil Prices Rise

After the market opened on Tuesday, the Dow Jones Industrial Average lost 0.3% and the S&P 500 fell 0.4%. The Nasdaq index fell 0.55% in morning trading.

in between Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(down 0.1%, the SPDR S&P 500 ETF)spy) was up 0.1% after Tuesday’s opening.

The 10-year Treasury yield jumped to 1.85% on Tuesday morning, as bonds were sold after plans announced by the European Union to launch “potentially hugeIssuance of joint bonds to finance energy and defense spending in the face of Russia’s attack on Ukraine. The 10-year bond closed at 1.75% on Monday.

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Meanwhile, US oil prices rose more than 5% on Tuesday, with West Texas Intermediate crude above $125 a barrel. West Texas Intermediate crude rose briefly above $130 a barrel on Monday to reach its highest level since September 2008, according to Dow Jones Market data.

Russia continued bombing Ukrainian cities, after low-level negotiators from the two sides met in a third round of talks on Monday. Negotiators agreed to some plans to help people caught up in the fighting, but there has been little progress regarding the ceasefire. The top Russian diplomat is scheduled to meet his Ukrainian counterpart in Turkey on Thursday.

Trying to rally in the stock market

The stock market posted more disappointing business on Monday, with major stock indexes ending with heavy losses. Despite Monday’s losses, all three major stock indexes remained above their February 24th lows on the day, which means Tuesday will be the ninth day of an ongoing rally attempt.

Monday the big picture He commented, “Once indexes cross February 24th lows, the try to rally It was completed. To be honest, this technical reference seems to be just a formality. The stock market is showing no appetite for risk and the main pain points – Russia, inflation and interest rate hikes – are showing no sign of abating.”

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Four Dow Jones stocks worth watching right now

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Dow Jones stocks to watch: UnitedHealth

Managed care giant UnitedHealth is just below 501.03 buying points on a double bottom base. On Monday, stocks finished off their last entry about 3%. UN stock fell more than 2% on Monday. UN shares fell another 1% early Tuesday.

bullish, stock Relative force line Reached new highs, indicating significant outperformance in the stock market.


Four growth stocks to watch at Cursstock market correction


Stocks to watch: Anthem, Costco, CSX, Union Pacific

The anthem goes back to without a flat base 470.12 entry points after Monday’s 4.7% drop. The anthem was new to IBD stock today. Shares were down 0.3% on Tuesday morning.

Retail giant Costco cut its gains to 0.6% Monday, but it still easily outperformed major stock indexes. COST stocks keep track of the right side of a file cup base which has 571.59 buy point. COST STOCK Shows a solid value of 94 out of 99 perfect IBD compound classification, for every IBD stock check. Investors can use the IBD composite rating to easily gauge the quality of a stock’s fundamental and technical metrics. Costco shares were down 0.2 percent early on Tuesday.

CSX is trying to get past the 38.11 buy point in cup base. The stock broke its entry on Monday, but reversed down 1.1% to close under the influence of buying. The 5% buy space It rises to 40.02. CSX shares rose early Tuesday.

IBD Leaderboard Union Pacific stock is still in buying territory at 5% despite Monday’s 1.2% drop. UNP shares smashed 256.21 flat base entry last week. Buying zone 5% is topping at 269.02. UNP shares were up 0.1% early Tuesday.

According to the leaderboard analysis, Friday’s advance justified increasing the position size by a quarter to half. The RS line has already made new highs, which is a sign of a pioneer in the market.

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Join IBD experts as they analyze the leading stocks in the current stock market correction on IBD Live


Tesla Stock

Tesla stock It slipped 1.5% early Tuesday, threatening to increase Monday’s slip of 4% and extend its three-day losing streak. Stocks are now directly below the long-term 200-day moving average. Monday’s decisive break below the 200-day line indicates the potential for further weakness.

The stock traded as high as 1,243.49 on November 4, but on Monday ended around 353% from an all-time high.

Dow Jones Leaders: Apple and Microsoft

in between Dow Jones stockApple is building a file double bottom base with 176.75 buy pointaccording to IBD Market Smith Graph analysis. Stocks are about 10% moving away from the new buying point after Monday’s 2.4% loss. AAPL stock found support at the long-term 200-day line on February 24, but remained below the 50-day moving average. Apple shares lost 0.1% on Tuesday.

stock Relative force line Still near recent highs in the face of stock market weakness, which indicates institutions are reluctant to sell their Apple shares.

Shares of leading software company Microsoft fell 3.8% on Monday, to close below the 200-day streak. Stock continues to build a new base. MSFT stock fell early Tuesday.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

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