The Dow Jones Industrial Average and other major stock indexes traded higher Friday, as Nvidia (NVDA) rebounded on the stock market today. Meanwhile, Tesla (TSLA) was another early winner, looking to snap a three-day losing streak.
Ahead of the opening bell, Dow Jones futures rose 0.2% vs. fair value. S&P 500 and Tech-heavy Nasdaq 100 futures gained 0.1% in morning trading. The stock market will close early, at 1 p.m. ET.
↑ XEarly Friday, the 10-year Treasury yield ticked lower to 4.23%. Oil prices climbed, as West Texas Intermediate futures traded around $69.30 per barrel, still holding near the week's lows.
Among exchange traded funds, the Invesco QQQ Trust (QQQ) moved up 0.1%, as did the SPDR S&P 500 ETF (SPY) ahead of the open.
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Nvidia stock bounced 1.2% premarket Friday, with the artificial intelligence titan looking to rebound following a sharp pullback over the last few trading sessions.
While shares declined 1.2% Wednesday, they halted their slide at the 10-week moving average line, an important area to watch. If the stock breaks that level in heavy volume, then further downside would be likely. Conversely, a decisive rebound would place the AI stock in a new buy area.
Tesla moved up 1% in premarket action Friday, looking to snap a three-day losing streak. Shares remain sharply extended past a 264.86 cup-with-handle entry even after they reversed off new highs Monday.
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On Wednesday, the Dow Jones Industrial Average fell 0.3%, reversing lower after hitting an all-time high. The S&P 500 fell 0.4% and the Nasdaq composite declined 0.6%.
Among the best companies to watch on the stock market today are Embraer (ERJ), Cloudflare (NET), TJX (TJX) and Tradeweb Markets (TW).
Dow Jones components making notable moves were Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT) and Sherwin-Williams (SHW).
Sherwin-Williams and Cloudflare featured in this Stocks Near A Buy Zone column.
There were no new stocks on IBD MarketSurge's "Breaking Out Today" list Wednesday. Check for potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
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Dow Jones leader Sherwin-Williams is breaking out past a 392.57 buy point in a flat base, according to MarketSurge pattern recognition. Shares were up marginally Friday.
Outside the Dow Jones index, Cloudflare broke out last week, topping a 99.17 buy point in a cup with handle. The 5% buy zone runs up to 104.13, so shares are in buy range. Cloudflare stock rose 1.5% Friday.
Embraer is in buy range above an alternative entry at 39.46 and is a recent IBD Stock Of The Day. Shares tumbled 2.8% early Friday.
Retailer TJX is above a 121.13 flat-base entry following strong gains. TJX stock climbed 0.4% in early Friday trading.
Finally, Tradeweb closed Wednesday just below a 136.13 entry in a flat base. Tradeweb stock declined 0.5% in premarket action Friday.
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These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Tradeweb | (TW) | 136.13 | Flat base |
| Sherwin-Williams | (SHW) | 392.57 | Flat base |
| Broadcom | (AVGO) | 186.42 | Handle entry |
| Deckers Brands | (DECK) | 172.57 | Handle entry |
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Among Magnificent Seven stocks, Alphabet (GOOGL) rose a fraction in premarket trading. Shares plunged below their 50-day line last week, but are trying to rebound.
Meta Platforms (META) is trying to get back above its 50-day line amid recent gains, and is getting closer to a flat base's 602.95 buy point. Shares were up a fraction Friday.
Among Dow Jones components in the Magnificent Seven, Amazon stock rallied sharply this week, decisively retaking a 201.20 buy point. It added 0.5% in premarket trading Friday.
Shares of Apple are within striking distance of a flat base's 237.49 entry. The stock dipped 0.2% Friday morning.
Microsoft shares eased 0.5% Friday morning. The stock reclaimed its 50-day line, a key level to watch, during this week's gains.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
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