Finance Inquirer
No Result
View All Result
Friday, July 11, 2025
  • Login
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
Subscribe
Finance Inquirer
  • Home
  • Business
  • Technology
  • Finance
  • Stock Market
No Result
View All Result
Finance Inquirer
No Result
View All Result
Home Stock Market

Dow Jones, Nasdaq Trade At Intraday Lows; Treasury Yields Climb While Oil Slides Lower

Tom Hagler by Tom Hagler
12.04.2022
in Stock Market
Dow Jones, Nasdaq Trade At Intraday Lows; Treasury Yields Climb While Oil Slides Lower
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

The Dow Jones Industrial Average continued trading near session lows on Monday as Treasury yields climbed. Tech stocks led the downside while oil prices also dropped.

X

Dow Jones Today

IBD downgraded its current market outlook last week as indexes crossed below key moving averages, signaling potential weakness. On Monday, the major indexes continued lower below these new areas of resistance.

At around 3 p.m. ET, the Dow Jones industrials were down around 0.7%. The index remains above support at its 50-day line. Tech stocks continued to underperform this week as the Nasdaq was down 1.6% and gapped down below the 21-day and 50-day moving averages. The tech-heavy index found support near these areas last week. The S&P 500 fell 1.6% Monday afternoon and the Russell 2000 fell 0.3%. Volume rose on the Nasdaq and on the NYSE from Friday which, along with the lower indexes, is a bearish signal indicating heavier institutional selling.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 34464.09 -257.03 -0.74
S&P 500 (0S&P5) 4432.98 -55.30 -1.23
Nasdaq (0NDQC ) 13485.05 -225.95 -1.65
Russell 2000 (IWM) 197.84 -0.03 -0.02
IBD 50 (FFTY) 36.08 -0.52 -1.42
Last Update: 3:18 PM ET 4/11/2022

The yield on the benchmark 10-year Treasury note continued to climb, reaching 2.78% on Monday. Meanwhile, West Texas Intermediate crude traded down 4.1%, falling below $94 a barrel. The S&P 500 sectors traded mostly lower. Energy stocks led the downside with losses of 2.4% while technology stocks traded down 1.8%. On the upside, industrials were the only sector trading higher, up 0.2%.

Among Dow Jones leaders, tech giant Microsoft (MSFT) led the downside with a loss of 3.3%. Meanwhile Chevron (CVX) also was a leader on the downside with a 2% loss as energy stocks came under pressure.

On the upside, Boeing (BA) and Verizon Communications (VZ) led the upside with gains of roughly 1% each. Shares of Verizon have formed a flat base with 55.49 buy point. The move was a positive development on Monday as it climbed above the 200-day line and is also sitting above its 50-day and 21-day lines. Shares remain 2% away from the buy point.

This Metals Miner Stock Breaks Out

The Innovator IBD 50 ETF (FFTY) fell 2%. Earlier last week, the ETF broke below support at the 50-day line and 21-day line after finally reclaiming these areas in mid-March.

Meanwhile, gold and silver metals miner Franco-Nevada (FNV) broke out from a flat base with a 168.47 buy point. The stock retreated from the breakout but held up near break-even in afternoon trading. The RS line notched new highs alongside the breakout.

Since mid-February, the stock has been holding well above its 21-day line, a sign of strength.

But the company is expected to report earnings on May 4, after the market closes. Earnings could catalyze a move in the stock and investors should beware of this before initiating a position.

Elsewhere, U.K.-based developer of pharmaceutical drugs GlaxoSmithKline (GSK) scored a breakout from a 46.95 cup-base entry. The stock moved below this area following the breakout. But the RS line notched a new high, a bullish sign.

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

The post Dow Jones, Nasdaq Trade At Intraday Lows; Treasury Yields Climb While Oil Slides Lower appeared first on Investor’s Business Daily.

  • Trending
  • Comments
  • Latest
P2Pro: profitable changes are coming!

P2Pro: profitable changes are coming!

13.09.2022
Saving and investing the two keys to your future retirement

Saving and investing the two keys to your future retirement

21.06.2022
The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

The Dow Jones slept through the whole trade despite positive data from the labor market. Nasdaq had its best streak of gains this year

01.09.2022
The ranking of countries in terms of the coverage of children with preschool education has been compiled

The ranking of countries in terms of the coverage of children with preschool education has been compiled

03.11.2022
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

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025
Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

Instant Cargo Analysis 24/7: How XRF Analyzer Speeds Up Quality Control for Raw Materials

08.07.2025
HIT-NOT reduces forklift accidents and increases safety in logistics

HIT-NOT reduces forklift accidents and increases safety in logistics

07.07.2025

Recent News

PuzzleFree Game Set to Launch in July 2025

PuzzleFree Game Set to Launch in July 2025

08.07.2025
The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

The $14.6 Billion Question: What the Largest Healthcare Fraud Takedown in History Means for Medical Leaders and Investors

08.07.2025

Categories

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

Site Navigation

  • Home
  • Contact Us
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

© 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