Dow Jones sank as Treasury yields fell; Tesla shares upside amid strong China sales

The Dow Jones Industrial Average fell sharply above 500 points on Thursday as 10-year Treasury yields continued to fall. Amid strong Chinese sales, Tesla’s stock shifted to a high noon, while the company released a cheaper version of its manufactured China model Y crossover.




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In the middle Dow Jones Leaders, Apple (AAPL) Sold 1.4% on Thursday Microsoft (MSFT) Moved down by 1% Today’s stock market. Nike (Off) June 25 withdrew from the new hike following the split break.

Tesla (DSLA) The afternoon changed a little too much.

Best stocks to buy and watch, Apple, Amazon.com (AMZN), Burlington stores (BURL) And Shopify (Shop) Are in or near new purchasing zones.

Microsoft and Shopify IPT Leaderboard Shares. There was Burlington Stores Wednesday is IPT Stock Day.

Dow Jones Today: 10-year Treasury yields fall again

The Dow Jones Industrial Average cut losses by 0.7% on Thursday afternoon, while the S&P 500 was down 0.7%. Technology-heavy Nasdaq hybrid lost 0.6% in afternoon trade.

Overview of the US Stock Exchange today

Index Logo Price Gain / Loss % Change
Dow Jones (0DJIA) 34199.38 -482.41 -1.39
S&P500 (0 S & P5) 4298.06 -60.07 -1.38
Nasdaq (0NDQC ) 14468.34 -196.72 -1.34
Russell 2000 (E.D.C.) 220.62 -3.14 -1.40
IPD50 (FFTY) 42.69 -1.13 -2.58
Last Updated: 10:36 AM ET 7/8/2021

The 10-year treasury yield fell to 1.26% on Thursday morning. The 10-year Treasury yield traded 1.3% in afternoon trade and is at its lowest level since mid-February.

In the middle Transfer Trade Funds, Inventor IPD 50 (FFTY) Reduced initial losses to 1.85% on Thursday. Nasdaq 100 Tracker Invesco QQ Trust ETF (QQQ) Moved down 0.9%. Meanwhile, the SPDR S&P 500 ETF (Spy) Lost 0.8%.

Stock market rally

The Nasdaq retreated from record levels on Wednesday, while the S&P 500 was far from all-time highs. The Dow Jones Industrial Average fell below support in its 50-day moving average.

Big picture on Wednesday The column commented, “The stock market did not like it when the 10-year yield rose to 1.76% at the end of March. Now, the stock market is worried about what it means to reduce yields and what the economic recovery means. On the contrary, it is concerned about an economic recovery that is not as strong as expected. “

For more stock market commentary, see The Big Picture of IPT.


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Dow Jones Shares: Nike

Dow Jones President Nike rallied 0.1% on Thursday. Nike stock extends beyond a consolidation 148.05 buy point. The 5% buy zone goes up to 155.45 IPT Marketsmith Chart analysis.

Nike tried to extend the four-day win, and it has risen to an all-time high. Shares soared when the company entered on June 25th Spooks fourth-quarter earnings estimates.

Stocks to buy and see: Amazon, Burlington, Shopify

Technology company Amazon.com has a repurchase range of over 3,524.96 per cup-with-handle. Buy point Following strong outrageous action on Tuesday. The buying zone rose to 3,701.21. The stock lost 0.75% on Thursday afternoon.

According to IPD stock testing, AMZN stock Shows 92 out of a perfect 99 IPD Joint Assessment. IPD joint valuation easily identifies stocks with a combination of strong core and technical characteristics.

Wednesday is IPT Stock Day, Burlington Stores, a file site 339.38 near the point of purchase. The stock is up 0.2% on Thursday afternoon, and is 5% away from the new entry.

New IPT Leaderboard Stock Shaffy is trying to break the 1,552.33 buying space with a handle on a cup IPT Marketsmith Chart analysis. Shares fell more than 3% on Thursday afternoon following a negative change on Wednesday.

For the leaderboard analysis, “the handle formed after the stock formed an elongated cup-base shape at 18-week intervals.


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Tesla stock

Tesla shares rose 0.4% on Thursday, rising again from two days of sales. Tesla avoided 2.85% on Tuesday and 2.3% on Wednesday. E.V. The giant is testing support around its key 50- and 200-day moving averages. The sharp gaps in these support levels could be a barrier to stock expectations.

In front of the market on Thursday, the China Passenger Car Association said Tesla China sale It was strong in June, while the American automaker released a cheaper version of the Chinese model Y crossover made in China. The CBCA said on Thursday that Tesla sold 33,155 EVs in June, including 21,532 locally made Model 3 sedans and 11,623 Model Y crossovers. The total number is 28,138 local sales and 5,017 exports.

On January 25, Tesla’s stock reached a record high of 900.40, up 93% from 466 buys in a cup with a handle.

Dow Jones Leaders: Apple, Microsoft

In the middle of the top Dow Jones Shares, Dow Jones leader Apple sold about 1.5% on Thursday. Apple stock is trading in the last 5% buy zone with 137.17 entry on a cup site IPT Marketsmith Chart analysis.

Apple shares captured a seven-day victory.

Microsoft has extended the purchase limit to 263.29 above a new file site’s purchase limit IPT Marketsmith Chart analysis.

Shares fell 1% on Thursday and are outside the buying zone. The 5% buy zone goes up to 276.45.

Don’t forget to follow Scott Lehton on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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