The Dow Jones Industrial Average dived more than 390 points before trimming losses Wednesday morning. Key earnings movers were Delta Air Lines and Fastenal (FAST). Delta shares dropped 6% after missing earnings targets. Tesla (TSLA) erased sharp losses Wednesday.

Dow Jones tech leaders Apple (AAPL) and Microsoft (MSFT) were squarely lower after today's stock market open. In a volatile stock market environment, Dow Jones leaders Johnson & Johnson (JNJ), Merck (MRK) and UnitedHealth (UNH) are among the stocks to watch.

After Wednesday's open, the Dow Jones Industrial Average sold off 1.1%. The tech-heavy Nasdaq composite pared losses to 1% in morning trade. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved down 1%.

Consumer prices rose 1.3% in June, higher than estimates for a 1.1% rise. WTI briefly fell below $94 a barrel in overnight trade. On Tuesday, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 moved down 0.9%.

Dow Jones leader Johnson & Johnson remains about 2% below a double-bottom base's 181.84 buy point. The company reports earnings on July 19. Investors also can create watchlists, find companies nearing a buy point, or develop custom screens at IBD MarketSmith.
Posted by
mrvantage
Tap to Copy the Short Url to This Post:
bto.sh/5n22n98z 
One-Stop Business News backed by Mark Cuban. Free to Use →