Dow Jones, Apple Stock Lead Stock Market Rally
The large stock indices appeared to cover 2018 with a rally in today's stock market. The Dow Jones industry rose about 200 points among the optimism around the US and China trade negotiations. During the weekend, President Trump tweeted that "great progress" was made after a "very good conversation" with President Xi of China. Apple (AAPL) received 1%. Apple stocks are an important part of the Dow Jones industry, including large stock indices.
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After a promising start to 2018 – Nasdaq had achieved as much as 17.8% by August 31 – the technological heavy Nasdaq composite is set to fall about 4.2% from Monday morning. Meanwhile, the Dow Jones industrial companies and the S & P 500 indexes carry losses of 6% and 6.6%, respectively.
Dow Jones Leads Stock Market Rally
The Dow Jones industry led the way with a 1% gain, while S & P (19459000) for updates on this story and other market coverage. The 500 index rose 0.7% in morning trading. The technological heavy-duty Nasdaq composite advanced 0.6%, and wants to extend a recent winning streak to four trading sessions.
After last week's dramatic growth, investors should be looking for a subsequent day, which can happen as soon as possible today. The follow-up day gives investors the green light to start buying shares that break out past the right buy points.
Dow Jones Stocks: Apple Stock Leads
Among the Dow Jones shares, Apple (AAPL) was one of the two top-performing stocks early Monday with a 1% advance. Despite that, iPhone makers are still over 30% of the 52-week high.
Meanwhile, Boeing (BA) moved up 2% as it approaches its 50-day line, a potential resistance level.
IBD 50 Stocks to watch: Atlassian Stages Breakout
Among the leading growth stocks, software stocks Atlassian (TEAM) were staged. a break in morning trading. The top stock moved over 2% to rise above a cup with the handle 89.92 buying point. Look for a sharp increase in your daily volume to indicate that institutions are rapidly moving into the stock. The relative strength is on a new high. Despite the bullish price work, investors should be cautious about the stock market's current market condition.
At the same time, leader list leader Broadcom (AVGO) is about to form a first-stage basic formation. Stocks achieved 1% in early trading, and expanded a winning streak to four trading sessions.
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