The Dow Jones Industrial Average rose on Monday as Bitcoin miners riot platform (RIOT) soared on the strength of Wall Street’s bullish sentiment. meanwhile, Trump’s media and technology (DJT) fell with the start of the former president’s hush money trial.And Elon Musk said even more tesla (TSLA) Price reduction etc. Nvidia (NVDA) and Amazon.com (AMZN) The stock market rose today.
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Additionally, despite recent negative pressure, the following three stocks held firm near buy points: Heiko (Hey), cactus (WHD) and republic services (RSG).
Stock market today: Nasdaq rises, S&P 500 at recovery level
Stocks rose on Monday after geopolitical concerns eased slightly over the weekend. The House passed foreign aid packages for Israel, Taiwan, and Ukraine. The Senate is expected to approve the move this week.
The Nasdaq Composite rose 1.4% to a new high. P.D.D. (PDD) soared more than 8% and shined. lululemon athletica (LULU) also did well, rising nearly 3%.
The benchmark S&P 500 index is on track to end a six-day decline. It rose 1.2% and exceeded the 5,000 mark again.Automobile major ford motor According to MarketSurge analysis, (F) rose 6% and outperformed its 50-day moving average.
All S&P 500 sectors were positive. Technology and financial services rose the most. Real estate and materials had the smallest gains in the stock market that day.
Small-cap stocks gained momentum, with the Russell 2000 up 1.3%. Growth stocks also soared, with the Innovator IBD50 (FFTY) exchange-traded fund up nearly 2%.
Dow Jones Today: Salesforce Jumps on Trading News, Verizon Reverses
Dow Jones stocks tracked other major indexes, but the Dow lagged slightly. The blue-chip index rose more than 350 points, or nearly 1%.
goldman sachs (GS) was the best performer among the closely watched indexes, up nearly 3%. JP Morgan Chase (JPM) also did well, rising nearly 2%.
sales force (CRM) also rose nearly 2%. The stock rose after the Wall Street Journal reported that Salesforce had backed away from a move to acquire the software provider. Informatica (INFA). Informatica plunged nearly 9% and issued a sell signal as it fell below its 50-day moving average.
verizon communications (VZ) was the biggest laggard on the Dow Jones today. Despite higher profits, shares fell more than 4%. Revenue was slightly below expectations.
President Donald Trump’s stock price drops during trial
Life isn’t easy for investors in Trump Media & Technology. Stocks fell again on Monday after former President Donald Trump’s hush money trial began in New York.
Prosecutors argued in opening arguments that the $130,000 allegedly paid by President Trump to porn star Stormy Daniels was “pure election fraud.”
But Trump’s lawyers painted a very different picture, going so far as to say that he was “masking his innocence.” They also questioned the credibility of key witness Michael Cohen, who made the payments while serving as the former president’s lawyer.
This is a historic legal case, as it is the first time a US president faces a criminal trial.
Trump Media, the parent company of Truth Social, fell 1% on Monday. After shaking off some recent losses, it is now well below the key 50-day moving average, according to MarketSurge analysis. It found support at the 200-day line and rebounded.
Nevertheless, those who bought Donald Trump’s stock at its recent highs are facing painful losses. Trump Media stock is currently down about 55% from its 2024 high on March 26th.
Those who were holding on after buying Trump Media at an all-time high of 175 (recorded in October 2021 when it was still a Digital World acquisition) have lost nearly 80% of their assets.
Elon Musk defends Tesla’s price cuts
Tesla shares fell sharply on the stock market today after the company lowered the price of its electric cars in the United States, China and Europe, as well as the price of its fully self-driving feature.
However, Tesla CEO Elon Musk explained on his social media platform X that “prices need to change frequently to match production and demand.”
“Other cars constantly, and often significantly, change their prices through dealer markups and manufacturer/dealer incentives.” Mr. Musk said.. “Only a fool would think that ‘MSRP’ (Manufacturer’s Suggested Retail Price) is the true price.”
The stock fell more than 3%, falling further below its 50-day moving average, according to MarketSurge analysis.
Tesla’s relative strength line is below its January 2023 low and at its lowest level since May 2020. Tesla stock has fallen nearly 43% since the beginning of the year. The company’s financial results are scheduled to be released on Tuesday.
Magnificent Seven: Nvidia Stock Pop
The other so-called Magnificent Seven are all positive after last week’s painful decline.
Nvidia (NVDA) was the best performer, rebounding nearly 5%. Nevertheless, the trend in artificial intelligence still remains below the 50-day line.
Google’s parent company alphabet (GOOGL) was the next best performer, up nearly 2%. Amazon stock also rose nearly 2%.
apple (AAPL) and meta platform (META) also made gains, rising about 1% each.
microsoft MSFT, which will report results later this week, rose nearly 1%.
Stock market today: Bitcoin miner riot erupts
Riot Platforms soared about 22% on the stock market today on bullish calls from Wall Street. Bitcoin miners received a boost after JPMorgan Chase & Co. reiterated its Overweight rating following Riot’s recent analyst day.
Riot stock soared even as the cryptocurrency Bitcoin recently underwent its fourth halving in history. This reduced the Bitcoin mining reward to his 3.125 Bitcoins of block reward.
Despite the stock’s meteoric rise, Riot stock remains below its 50-day and 200-day moving averages.
Bitcoin rose nearly 3%, according to CoinDesk. It is trading at over $66,000 per token.
Other Bitcoin-related stocks include: coinbase global (COIN) rose nearly 7%, while the ARK 21Shares Bitcoin (ARKB) ETF rose 3%.cryptocurrency miner marathon digital (MARA) reversed up by 5%.
Stock market today: issues near entry
While the stock market is experiencing some turmoil today, investors can add stocks to their watchlists to find stocks near buy points.
Aerospace’s Heico is holding near a flat-based buy point of 200.64, indicating relative strength. This is your first base and increases your chances of making big profits.
The company has an EPS rating of 83 and boasts strong support from institutional investors. A total of 63% of the company’s stock is currently held by funds, according to MarketSurge data.
Energy Play Cactus formed the first stage of cup bases with handles. The ideal buy point here is 53.09. Overall good performance is reflected in the IBD overall rating of 94.
Cactus designs, manufactures and sells oil wellheads and pressure control equipment. The company’s products are sold and rented primarily to onshore shale and other unconventional oil and gas wells.
Two stocks to watch: Republic Service, Church, and Dwight.
Waste collection company Republic Services is nearing a flat price point of 192.57 on the stock market today. This is a mid-range pattern, and the relative strength line has just reached its peak.
This stock has the highest possible overall rating, with the B+ accumulation/distribution reflecting recent buying by institutional investors. The latest earnings report is expected to be released later on April 30th and could act as a catalyst.
finally, church & dwight (CHD) rose above the flat base buy point of 105.67. However, the volume is not as high and there is a high market risk in buying stocks.
Follow Michael Larkin on X, formerly known as Twitter. @IBD_MLarkin For a detailed analysis of growth stocks.
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