The Dow Jones Industrial Average briefly rallied 175 points Monday, as Tesla stock raced to more record highs. Top growth stocks to buy and watch are Albemarle, Alphabet and ServiceNow.
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Among the Dow Jones leaders, Apple (AAPL) sold off 1%, while Microsoft (MSFT) lost 1.2% in today’s stock market. American Express (AXP), Goldman Sachs (GS) and JPMorgan Chase (JPM) continue to trade near new buy points.
Tesla (TSLA) raced nearly 5% higher Monday, notching fresh all-time highs.
Among the top stocks to buy and watch, Albemarle (ALB), Alphabet (GOOGL) and ServiceNow (NOW) are in or near new buy zones.
Microsoft and Tesla are IBD Leaderboard stocks. Alphabet is an IBD SwingTrader stock.
Dow Jones Today
Early Monday, the Dow Jones industrial average rallied just 0.1% after slashing early gains. The S&P 500 traded effectively flat, while the tech-heavy Nasdaq gained 0.35% in morning trade.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35841.09 | +21.53 | +0.06 |
| S&P 500 | (0S&P5) | 4599.86 | -5.52 | -0.12 |
| Nasdaq | (0NDQC ) | 15514.96 | +16.57 | +0.11 |
| Russell 2000 | (IWM) | 232.03 | +3.98 | +1.75 |
| IBD 50 | (FFTY) | 50.75 | +0.40 | +0.79 |
Last Update: 10:40 AM ET 11/1/2021 |
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Among exchange traded funds, Innovator IBD 50 (FFTY) rallied 0.5% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 0.3%. And the SPDR S&P 500 ETF (SPY) moved down almost 0.1%.
Stock Market ETF Strategy And How To Invest
Stock Market Rally
The stock market rally strengthened Friday, as the Nasdaq and S&P 500 notched more all-time highs.
On Friday, The Big Picture commented, “The stock market bounced from a weak open and climbed into the closing bell. Considering the bad earnings news the market was dealt, it was remarkable that indexes performed as well as they did, let alone that they reached all-time highs.”
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: Amex, Goldman, JPMorgan
American Express ended Friday about 3% below a 178.90 buy point in a cup with handle, according to IBD MarketSmith chart analysis, following five straight days of losses. Shares rose nearly 1% Monday.
Goldman Sachs is within striking distance of a 420.86 buy point in a flat base following Friday’s slight loss. Shares moved up 0.6% Monday. Meanwhile, JPMorgan remains at the top of the 5% buy zone past a 163.93 entry in a cup with handle after a recent bounce off the 50-day moving average. The 5% buy area tops out at 172.13. JPM stock was up 0.2% Monday.
Stocks To Buy And Watch: Albemarle, Alphabet, ServiceNow
Lithium miner Albemarle is in buy range past a cup with handle’s 244.46 buy point following last week’s breakout. The 5% buy area goes up to 256.68. Shares rallied almost 1% Monday morning. Earnings results are due out Wednesday, so this breakout carries more risk.
IBD SwingTrader stock Alphabet is just below a new buy point — a 2,925.18…
Read More: Dow Jones Rallies As Tesla Races To Record Highs; 3 Top Stocks To Buy