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Dow Jones Leads Market, but India Protectionism hurts



Blue chips in the Dow Jones Industrial Average led the package late Friday morning after beating the day before. Exxon Mobile (XOM) and Chevron (CVX), the two oil stocks in Dow, lifted the index with significant gains after top view.




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The Dow popped 0.6%, while the S & P 500 and Nasdaq managed 0.1% and 0.2% respectively. The Dow Jones tool average was down as much as 1.1% before shaving some of that loss. That led the market with a 2.1% advance on Thursday.

While the bulls appreciated Nasdaq's 1.4% win on Thursday, the utility of the tools and divergence in key figures was unusual developments. In "How to Make Money from Shares", William J. O & # 39; noted that divergences can be a way to identify key market fronts. But Thursday's divergence can be a positive turning point since Nasdaq and S & P 500 are wider than Dow.

Bullish Breakouts

Breakouts also adds market bullish tilt.

Shares expire Friday morning including footwear marketer Deckers Outdoor (DECK), up 12%; investment banks LPL Financial (LPLA), up 8%; medical equipment manufacturer PerkinElmer (PKI), up 3.5%; Procter & Gamble (PG), up 0.3%; outsourcing medical firm Medpace (MEDP), up 3.5%; and Honeywell spin-off and connected vehicle technology vendor Garrett Motion (GTX), up 2.5%.

Everyone moved on the results.

Exxon and Chevron also moved on earnings stroke, surging 4% and 3% respectively. However, the two bluebells are about 12% and 9% respectively of the last heights. Light sweet crude oil rose 0.9% to $ 54.28.

Amazon.com (AMZN) and Walmart (WMT) ran in trouble Friday morning. Stocks fell 3.5% and 2.5% respectively in heavy volume. The catalyst was a New York Times report that new protectionist regulations in India are forcing companies to withdraw goods from their websites.

Financial Data

The non-wage report increased to 304,000 new jobs – 92% higher than expected.

The University of Michigan consumer sentiment gauge came in at 91.2, just below the consensus estimate of 91.4. Reading was the weakest since President Donald Trump became president. Analysts said the government's closure has harmed consumer confidence.

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