Dow Jones Slides 200 Points; These 3 Tech Titans Are In New Buy

The Dow Jones Industrial Average dropped 200 points Friday, threatening to fall for a third straight day. Tech titans Alphabet, Amazon and Apple are in new buy zones. And Tesla stock looked to extend a win streak, while Rivian attempted to bounce after two straight days of sharp losses.

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Among the Dow Jones leaders, Apple (AAPL) rose 0.7% Friday, while Microsoft (MSFT) moved up 0.9% in today’s stock market. Nike (NKE) continues to trade under a new buy point after a recent breakout attempt.

Electric-vehicle leader Tesla (TSLA) gained almost 1% Friday. EV peer Rivian (RIVN) rose about 7%, while Lucid Motors (LCID) was up about 8%. Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) are near buy points.

Among the top stocks to buy and watch, Alphabet (GOOGL), Amazon (AMZN), Apple and Shopify (SHOP) are in new buy zones.

Alphabet, Microsoft and Tesla are IBD Leaderboard stocks. Xpeng Motors was featured in this week’s Stocks Near A Buy Zone story. Apple is an IBD SwingTrader stock and was Wednesday’s IBD Stock Of The Day.

Dow Jones Today

After the stock market open Friday, the Dow Jones Industrial Average lost 0.5%, while the S&P 500 moved up 0.1%. The tech-heavy Nasdaq composite rallied 0.6% in morning trade.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.4% after notching a record high on Thursday. The SPDR S&P 500 ETF (SPY), which posted a record closing high on Thursday, gave up 0.2% Friday.

Stock Market ETF Strategy And How To Invest

Stock Market Rally

The stock market put in a mostly positive performance Thursday, as the Nasdaq Composite turned in a new closing high and the S&P 500 ended the day just off its Nov. 5 record.

On Thursday, The Big Picture commented, “With the stock market once again approaching new highs, investors have good cause to remain upbeat about the health of the uptrend. So, breakouts in top growth stocks remain fair game. However, there was evidence of rotation out of high-flying speculative names and into large-cap technology stocks, like Alphabet, Amazon and Apple.”

For daily stock market commentary, be sure to check out IBD’s The Big Picture.

Five Best Dow Jones Stocks To Watch Now

Dow Jones Stocks To Buy And Watch: Apple, Nike

IBD SwingTrader stock Apple is in buy range past a 153.27 buy point out of a cup with handle, according to IBD MarketSmith chart analysis, following Wednesday’s breakout. Shares traded up nearly 3% Thursday following a Bloomberg report that the company is pushing to debut a fully autonomous Apple car as early as 2025.

Shares rose 0.7% Friday morning, on pace to extend a five-day win streak.

Dow Jones energy giant Chevron (CVX) slid nearly 2% Friday morning, as crude oil prices dropped over 1.5%. The stock closed Thursday just above a 113.21 buy point…