Dow Jones is up 500 points as tech stocks grapple with the results of the Georgia election

Dow Jones is up 500 points as tech stocks grapple with the results of the Georgia election

The Dow Jones Industrial Average rose more than 500 points early Wednesday, while technology stocks erased sharp losses after diving into Georgia election results In the open stock market. Apple shares briefly sold more than 3%, while Tesla jumped to all-time highs after analysts commented bullish.


between the Dow Jones leadersAnd the an Apple (AAPL) It came down 1.5% while Microsoft (MSFTIt lost 1.3% in Stock market today. visa (Fifth) It held a slight gain, as it traded under a recent buy point.

Tesla (TSLAIt jumped nearly 4% as the target price rose, hitting its all-time high.

Stocks in or near buying areas at the current stock market rise are (Dinar), NVidia (NVDA), Pinterest (Pins) And the Targeting (TGT).

Apple, Microsoft, Target and Tesla Stock IBD Leaderboard. Pinterest is a file IBD SwingTrader Stock and Also appeared In this week The stocks are near the buying area pole. and Nvidia were this week IBD stocks today Selections.

Dow Jones Today: Georgia Election Results

On Wednesday, the Dow Jones Industrial Average rose 1.7%, while the S&P 500 index gained 1.1%. The tech-heavy Nasdaq Composite turned up 0.2% after erasing the steep losses.

Georgia election results showed the lead of Democratic Senate candidates Raphael Warnock and John Usoff, according to New York Times forecast. Early Wednesday, The Associated Press declared Warnock a win, while The New York Times forecast says Ausov is “very likely” to win.

in between Exchange of traded fundsIBD 50 innovatorfifty) It fell 0.5% on Wednesday. The Nasdaq 100 Invesco QQQ Trust ETFQQQDecreased by 0.5%. Meanwhile, the SPDR S&P 500 ETF (spy0.9%.

Top 100 stocks of 2020

Coronavirus updates

according to Worldometer data trackerThe cumulative number of confirmed coronavirus cases in the United States surpassed 21.5 million on Wednesday. The total deaths associated with the virus have risen to more than 365,000.

The cumulative total of confirmed Covid-19 cases worldwide since the start of the outbreak surpassed 86.9 million on Wednesday, with more than 1.87 million deaths linked to the virus.

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Coronavirus stock market rally

Given the current bullish trend, November has been a major month for the stock market. IBD’s The Big Picture Marking a new bullish trend after the day of bullish market follow-up on November 4th. Meanwhile, the year 2021 begins with stocks rising from their all-time highs. Be sure to check out World Bank stock market forecast for 2021.

Big Tuesday picture Offering some optimism, “The stock market rebounded from the massive sell-off on Monday, as the major indices passed their first test for the new year. The Nasdaq, buried with a 1.5% loss on Monday, offset much of it with a 0.9% gain on Tuesday and the S&P 500 rebounded 0.7%. The Dow Jones Industrial Average rose 0.6%.

Investors should continue to use stock market power to buy breakouts. Be patient and wait for strong breakouts rather than chasing the extended stocks. If new hacks work, add more exposure. But if the breakouts start to fail, you can hold back.

In particular, focus on stocks with strong relative strength. Find it using Relative strength line. The RS line measures the stock price performance against the S&P 500 Index. If the stock outperforms the broader market, the RS line tilts upward. If the stock is performing worse than the broad market, the line will indicate a decline.

Stocks to Watch: IBD Long-Term Leaders

Includes stocks to watch Long-term leaders of IBD, Companies with steady earnings growth and price performance. Viva Systems (VEEV) Do you Latest addition to the list, As she tries to recover the 10-week streak. The stocks are approaching 314.09 long points at the base of the cup.

ETF Stock Market Strategy and How to Invest

Dow Jones Indexes to Watch: Visas are rising

Stock today, Wednesday IBD, Visa, just below the buy zone 5% after 217.75 Point purchase In a flat base, according to IBD Market Smith Graph analysis. The buying area increased to 228.64.

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Shares rose 0.5% on Wednesday morning.

Stocks in or near buy territories: JD, Nvidia, Pinterest, and Target

Today’s stocks are Tuesday from IBD,, broke above 92.87 long Tuesday, up 10.6% to 95.50. Shares are down 4% Wednesday morning, slipping below the new entry level.

Monday stock from IBD, Nvidia, is trying to reclaim its 50-day main streak, which has been acting as resistance since early December. The GPU is moving to the upper right of the flatbed with 587.76 buy points. Shares are down 2% early Wednesday.

The real drawback is the weak RS line of the stock. The RS streak is far from its old heights, indicating a severe underperformance. The Relative Strength Line measures the performance of the stock’s price against the broad market.

IBD SwingTrader Pinterest stock remains above the 10-week streak despite short steep losses on Wednesday.

to me Inventory check for IBDAnd the Pinterest Stock Shows 92 of the complete 99 IBD compound classification. A composite rating – an easy way to identify the highest-growing stocks – is a combination of key technical and fundamental metrics to help investors gauge a stock’s strengths.

IBD Leaderboard Member Target attempts to breakout above 234.65 buy in a Flat base, to me IBD Market Smith Graph analysis. Shares briefly broke above the new buy point on Tuesday, but closed below the buy point. Stocks regained entry, up 3% on Wednesday morning.

According to the Leaderboard commenting, “The previous pattern was a bit short for a flat base, unless you extended the definition and counted 25 days since the high of the October 13 close. But now the stock has a legitimate firm base to work with. It stretches from the ten-week line and the new rule is the third stage. “.

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Tesla Stock

IBD Leaderboard Tesla stock hit an all-time high on Wednesday morning with a gain of nearly 4%. Stocks are afoot to extend their winning streak to nine sessions. Late Tuesday, Morgan Stanley raised its target rate to 810.

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Early Wednesday, Tesla stock hit a record high of 763.24. Shares are up as much as 63% from 466 buy-in points in the Handle Cup.

Dow Jones Leaders: Apple and Microsoft

From among the top Dow Jones StocksApple is trying to recover after activating its 7% -8% loss-cutting rule during Monday’s heavy sell-off. Shares are down more than 7%, below 138.08 points at the base of the cup Point purchase That day, according to IBD Market Smith Graph analysis.

The shares lost 1.5% on Wednesday morning. In recent weeks, Apple shares have moved above strong entry points at 125.49 and 122.09.

Apple is IBD Leaderboard stock. According to Leaderboard’s comment, “The alternative entry is in the lower half of the base but the RS streak is improving. Apple nearly doubled the breakout in April and it will be difficult to replicate this run. The base is the third stage, which is a reason to lower expectations this time.”

Software giant Microsoft fell 1.3% on Tuesday, as stocks continue to track a new base of 228.22 buy points. The stock is trying to hold above the support at the 50-day moving average line.

Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about stock growth and the Dow Jones Industrial Average.

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About the Author: Monica Higgins

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