Finance Inquirer
No Result
View All Result
Wednesday, May 18, 2022
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Stock Market

Dow Jones Closes Higher; Nasdaq Rallies While Apple Scores Breakout

Tom Hagler by Tom Hagler
30.03.2022
in Stock Market
Dow Jones Closes Higher; Nasdaq Rallies While Apple Scores Breakout
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Dow Jones Industrial Average closed near highs on Tuesday, as stocks continue to build on their recent win streak. The major indexes all rallied into the close while the Nasdaq led on the upside. Small caps also outperformed.

X

After all three indexes closed higher for their second-straight week on Friday, stocks are showing no signs of slowing down. U.S. indexes are making headway in regaining key moving averages, which serve as bullish markers. The S&P 500 is now trading above the 21-day, 50-day and 200-day lines. Meanwhile, the Dow Jones reclaimed its 50-day line on Tuesday. But the Nasdaq is still below it’s 200-day line.

The majority of S&P 500 sectors traded higher, with the exception of energy stocks, which led the downside. Meanwhile, real estate stocks rose nearly 3% and led S&P sectors. Real estate and technology stocks led for a second day on Wall Street. The Technology Select Sector SPDR (XLK) ETF rose 1.4%.

Dow Jones stock Apple (AAPL) closed 1.9% higher while shares scored a breakout above a double-bottom buy point at 176.75. The tech giant closed inside its 5% buy zone after gapping above the double-bottom entry, according to IBD MarketSmith chart analysis.

The 5% buy area runs as high as 185.58. The stock also notched its eleventh-straight close higher. On a weekly chart, the relative strength line also reached a new high, which bodes well for the breakout. Apple stock is among the first of the major tech plays to break out as the sector continues to recover from heavy selling in recent months.

Dow stocks Nike (NKE) and Visa (V), however, led the upside among blue chips with gains of over 3% each.

Dow Jones In The Stock Market Today

At the close, the Dow Jones industrials traded up 1% as the Nasdaq rose 1.8%. The S&P 500 advanced 1.2% as the Russell 2000 closed up 2.7%. Early data showed volume was higher on the Nasdaq and on the NYSE vs. the close on Monday. Stocks rising in heavy volume is a good sign for bullish investors.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 35295.11 +339.22 +0.97
S&P 500 (0S&P5) 4631.69 +56.17 +1.23
Nasdaq (0NDQC ) 14619.64 +264.74 +1.84
Russell 2000 (IWM) 211.69 +5.50 +2.67
IBD 50 (FFTY) 40.02 +0.28 +0.70
Last Update: 4:14 PM ET 3/29/2022

Markets reacted positively to new developments from the latest round of Russia-Ukraine cease-fire talks.

Russian President Vladimir Putin has agreed to meet Ukrainian President Volodymyr Zelenskyy after negotiations are completed, according to Russian chief negotiator Vladimir Medinsky.

Meanwhile, energy stocks continued to trade lower. U.S. crude futures fell 1% to just under $105 per barrel. This came after Monday’s drop of over 6%.

The 10-year U.S. Treasury note’s yield rose last week to a high of 2.5% early Friday, from a yield of 1.68% in early March. The move came after the Federal Reserve announced the first in an expected series of interest-rate hikes last week. On Tuesday, the 10-year U.S. Treasury note’s yield cooled to 2.4% in afternoon trading.

Breakouts: Costco, Qualys Trade In Buy Zones

In the MarketSmith Growth 250, a handful of stocks scored breakouts. Warehouse retailer Costco (COST) broke out from a 566.85 cup-base entry. Shares have already been trading inside the buy zone of a 545.39 cup-with-handle buy point, after a breakout in mid-March.

IT security stock Qualys (QLYS) is in a buy zone after passing a cup-with-handle entry of 143.04. The RS line here has just hit a new high, which is a positive. Volume was lower however, which could be a red flag. The cloud-based security and compliance stock is trading well above support at its 50-day and 21-day lines.

Follow Rachel Fox on Twitter at @IBD_RFox for more Dow Jones and stock market commentary.

YOU MIGHT ALSO LIKE:

IBD’s Market Outlook: A Guide To The Different Designations

Get Free IBD Newsletters: Market Prep | Tech Report | How To Invest

What Is CAN SLIM? If You Want To Find Winning Stocks, Better Know It

See IBD Stock Lists & Get Pass/Fail Ratings For All Your Stocks With IBD Digital

Stocks Jump On Russia-Ukraine Talks; A Piping-Hot Breakout

The post Dow Jones Closes Higher; Nasdaq Rallies While Apple Scores Breakout appeared first on Investor’s Business Daily.

  • Trending
  • Comments
  • Latest
Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

Boeing and Pfizer are among the companies and trade groups to have donated $8 million to Republicans who voted against certifying Biden’s election victory, a report says

04.01.2022
Twitter Suspends mRNA Inventor Dr. Robert Malone

Twitter Suspends mRNA Inventor Dr. Robert Malone

29.12.2021
Anesthesiologist Salary in the USA.

Anesthesiologist Salary in the USA

24.01.2022
3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

3 planes are flying potatoes into Japan to help tackle the country’s shortage of fries, which has caused McDonald’s to ration servings

29.12.2021
Take the best photos of your life with the new vivo Y76 5G now available

Take the best photos of your life with the new vivo Y76 5G now available

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

Complete your Christmas shopping with up to 75% off on devices at vivo’s Big Christmas Sale on Shopee

AirPods 3 vs AirPods 2 – What’s the Difference?

AirPods 3 vs AirPods 2 – What’s the Difference?

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

Want to be a content creator? Here are 5 valuable tips from today’s top Pinoy online celebrities

The Location Guide, Filmmakers for Ukraine and EUFCN join forces for fundraiser at Cannes 2022

17.05.2022
Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

12.05.2022
Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

12.05.2022
Look at the images of Webb and the Spitzer telescope, which is already “retired

Look at the images of Webb and the Spitzer telescope, which is already “retired

12.05.2022

Recent News

The Location Guide, Filmmakers for Ukraine and EUFCN join forces for fundraiser at Cannes 2022

17.05.2022
Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

Vladimir Potanin bought Tinkoff Bank. The amount of the deal was not disclosed

12.05.2022

Categories

  • Business
  • Finance
  • Stock Market
  • Technology
  • Без рубрики

Site Navigation

  • Home
  • Contact Us
  • Submit a News Releases
Finance Inquirer

We offer multimedia features, easy channel navigation, strong social media presence and numerous engagement platforms that allow the readers to experience content anytime, anywhere, always.

No Result
View All Result
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
  • Submit a News Releases

© 2021 financeinquirer.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In