Dow Jones falls on key data; Nvidia Chipmaker Rises in Demand for AI Chip
Wall Street released retail sales data and weekly jobless claims before the market opened Thursday, a day after a broad stock rally for the Dow Jones Industrial Average and other major indexes. Meanwhile, Nivea (NVDA) chip maker Taiwan Semiconductor (TSM) was an early winner in the stock market today.
Before the opening bell, Dow Jones futures fell 0.4vs. Fair value, S&P 500 futures were flat. Tech-heavy Nasdaq 100 futures rose 0.1% in early morning trade.
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Inflation indices jump; Intuitive Operation, Goldman Sachs, Spotify Flash Buy Signals
In the year The 10-year Treasury yield rose to 4.67% after falling sharply from its peak since November 2023.
Among the funds traded, Invesco QQQ Trust (inQQQAs did the SPDR S&P 500 ETF (0.1%).Spy) was flat before the opening.
Nvidia investors should take a close look at these 3 historical clues
Stock market today: retail sales, jobless claims
In economic news, the Commerce Department’s December retail sales data showed sales rose 0.4% for the month, below the 0.5% Econoday estimate. Excluding vehicles, sales rose 0.4 percent, according to estimates. Autos and gas rose 0.3%, below estimates of 0.4%, Econoday said.
Likewise, the Labor Department’s weekly jobless claims rose to a better-than-expected 217,000. They were expected to rise to 212,000 and 201,000 last week.
In stocks, the Taiwanese semiconductor company rose more than 4% after reporting strong fourth-quarter earnings and sales results and issuing a better-than-estimated first-quarter earnings outlook on rising demand for artificial intelligence chips.
elsewhere, Bank of America (BAC), Morgan Stanley (M.S) and United Health (UNH) were other key earnings Thursday morning.
Bank of America shares were flat in premarket trading, while Morgan Stanley rose 1.1 percent. UnitedHealth dropped about 4% in morning trading.
Apple will retain this crown, but it will be crushed alongside Nvidia
Dow Jones, Indices Rally
On Wednesday, the Dow Jones Industrial Average was up 1.7%, the S&P 500 was up 1.8% and the Nasdaq was up 2.5%. Following the session’s brutal action, it’s a good time to check out IBD’s The Big Picture for an update on current exposure levels.
They are among the best companies to watch in the current stock market. Burlington Stores (BURL), Interactive brokers (IBKR), Intuitive surgery (ISRG) and Meta forums (META).
Dow Jones components have made significant moves Amazon.com (AMZN), Apple (APL), Microsoft (MSFT) and Walmart (Wmt).
Meta and Walmart are featured in this near-buy zone.
Look IBD market controversy“Breaking Out Today’s” list of high-growth stocks that are moving above valid buy points. Check for possible malfunctions “Near Pole” list. For more stock ideas, check out IBD’s Stock List IBD 50, Big cap 20 And stocks near the buy zone.
Despite the struggles, Palantir secures a spot among the 25 ‘perfect’ stocks
Dow Jones: Walmart eyes buying point
Dow Jones said retail giant Walmart is building a flat base, offering a 96.18 buy point. MarketSurge pattern recognition. But first it must find support on the 50-day line. Shares rose 0.3 percent Thursday.
Outside the Dow Jones Index, Burlington Stores is close to a 298.88 buy point on a flat basis. The retailer’s stock gained 0.4% in premarket action Thursday.
Interactive Brokers is below the cup-to-handle base 193.41 entry. The stock was flat Thursday.
During Wednesday’s breakout move, an apparent surge rose above the 556.23 flat-base entry. Notable stock added 0.8% on Thursday.
Social media platform Meta strongly regained its 602.95 buy point in Wednesday’s rally. Stocks are finding support around their 50-day moving average. But Meta shares fell 1.5% in premarket trading on Thursday.
Highlight how Nivea, Apple and Tesla are handling the stock market today
Stock Market Today: Companies to Watch
These are four stocks that are in or near buy zones in today’s stock market, including the Dow Jones leader.
| Company name | sign | The right point of purchase | Type of purchase point |
|---|---|---|---|
| Interactive brokers | (IBKR) | 193.42 | Cup base |
| American Express | (AXP) | 307.82 | Flat base |
| Intuitive surgery | (ISRG) | 556.23 | Flat base |
| Meta forums | (META) | 602.95 | Flat base |
Source: IBD data as of January 13
AI-Fueled Energy Stock has this edge over the world’s Nvidias.
Nvidia Rises, Tesla Falls
Nivea returned another 1.2% Thursday morning, looking to add to Wednesday’s 3.4% jump. Shares remain below their 50-day line, a potential resistance level.
Electric-vehicle giant Tesla (TSLA) rallied more than 8% on Wednesday. Shares found support near the 10-week line.
But Tesla shares were down more than 1% in premarket trading Thursday, threatening to give up some of those gains.
Dow Jones leaders: Amazon, Apple, Microsoft
Besides Nvidia, another Dow Jones component in the Magnificent Seven is Amazon stock, which rallied 2.6% Wednesday to find support at its 50-day line. That’s a huge new shopping opportunity for the e-commerce giant. It rose 0.2% in pre-market action Thursday.
Shares of Apple rebounded sharply on Wednesday, just shy of a rebound above its 50-day moving average. and held 0.3% early Thursday.
Shares of Microsoft gained 0.2% on Thursday morning as they continued to firm below their 50-day line. Shares rose 2.6 percent on Wednesday’s rally.
Be sure to follow Scott Lehton on X as if @IBD_SLehtonen For more growth stocks, the Dow Jones Industrial Average and the stock market today.
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