The Dow Jones Industrial Average and other major indexes traded mixed Thursday, as investors reacted to a U.S. Labor Department unemployment report. One stock on the negative side was Nvidia (NVDA), which threatened to snap its win streak on the stock market today.
After the opening bell, the Dow Jones Industrial Average fell less than 0.1%, while the S&P 500 gained a fraction. The tech-heavy Nasdaq composite edged higher as well in morning trades.
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Early Thursday, the 10-year Treasury yield ticked higher to 4.21%. Oil prices ticked higher, as West Texas Intermediate futures traded around $69 per barrel.
Among exchange traded funds, the Invesco QQQ Trust (QQQ) rose 0.1%, as the SPDR S&P 500 ETF (SPY) inched up after the open.
Nvidia stock fell 0.4% Thursday, with the artificial intelligence titan still looking to extend a win streak to five sessions. Shares have bullishly rebounded from their 50-day moving average line. That placed Nvidia stock in a new buy area as shares approach new highs.
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Bitcoin topped $100,000 for the first time Wednesday night, exceeding the late November peak of $99,768. It ran up as high as $103,844. It’s currently slightly below $103,000.
Crypto-related stocks and ETFs were strong movers Thursday, including Coinbase Global (COIN) and MicroStrategy (MSTR). Coinbase stock jumped nearly 3%, while MicroStrategy rallied 8%.
Earnings movers Thursday morning include Dollar General (DG), Five Below (FIVE), Kroger (KR), SentinelOne (S) and Synopsys (SNPS).
Dollar General stock rallied 1.5%, while shares of Five Below jumped nearly 15%. Kroger shares edged lower, while SentinelOne stock plunged 14%. Synopsys shares tumbled 6% in morning trading.
Early Thursday the Labor Department’s initial jobless claims rose more than expected, at 224,000 vs. 213,000 in the previous week. They were expected to rise to 215,000. The weekly data suggests ongoing strength in the employment market.
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Dow Jones Rises
On Wednesday, the Dow Jones Industrial Average rose 0.7%, while the S&P 500 gained 0.6% and the Nasdaq composite advanced 1.3%.
Among the best companies to watch on the stock market today are Embraer (ERJ), Taylor Morrison Home (TMHC), TJX (TJX) and Tradeweb Markets (TW).
Dow Jones components making notable moves were Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT) and Travelers (TRV).
Apple featured in this Stocks Near A Buy Zone column.
Check out IBD MarketSurge‘s “Breaking Out Today” list for top growth stocks that moving above correct buy point. 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: Travelers Eyes Buy Point
Dow Jones leader Travelers is just below a 269.56 buy point in a flat base, according to MarketSurge pattern recognition. Shares gained 0.5% Thursday.
Outside the Dow Jones index, IBD Leaderboard stock Taylor Morrison Home is back at its 50-day line and below a 71.95 buy point amid recent losses. Shares were up 0.3% early Thursday.
Embraer remains below a 37.30 flat-base entry after declines in recent sessions. Shares climbed 2.4% Thursday morning.
Retailer TJX is above a 121.13 flat-base entry and in buy range following strong gains. TJX stock lost 0.1% in early Thursday trading.
Finally, Tradeweb closed Wednesday still below a 136.13 entry in a flat base. Tradeweb stock climbed 1.1% Thursday.
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Stock Market Today: Companies To Watch
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 | Consolidation |
| TJX | (TJX) | 121.13 | Flat base |
Source: IBD Data as of Nov. 26
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Magnificent Seven Stocks: Alphabet, Meta, Tesla
Among Magnificent Seven stocks, Alphabet (GOOGL) rose 0.7% after the opening bell. Shares had plunged below their 50-day line in recent weeks, but are now rebounding.
Meta Platforms (META) is breaking out past a flat base’s 602.95 entry and in buy range. Shares moved up 0.6% Thursday.
Tesla climbed 2.2% Thursday, looking to add to Wednesday’s gains. Shares reached new highs in morning action.
Dow Jones Leaders: Amazon, Apple, Microsoft
Among Dow Jones components in the Magnificent Seven, Amazon stock rallied sharply in recent sessions, decisively retaking a 201.20 buy point and hitting new highs. It dipped 0.2% in morning trading Thursday.
Shares of Apple are breaking out above a flat base’s 237.49 entry. The stock was up 0.4% Thursday morning.
Microsoft shares climbed 0.2% Thursday morning. The stock closed Wednesday at its highest level since Sept. 19.
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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