On Tuesday, September 29, the DJIA (Dow Jones Industrial Average) decreased by more than 200 points. Significantly, the stock market recovery attempt continues. Some giant companies witnessed declines while others faced gains. Apple, the Dow Jones leader, decreased by 1%, while Tesla, an American electric vehicle and clean energy company, dropped more than 2%. At the same time, Beyond Meat gained 12% to a breakout on an expanded partnership with Walmart.
Apple stock is approximately 60% up a 72.15 buy point in a cup-with-handle base. The leading company is amid the best performing Dow Jones stock for 2020, with a 56.6% advance through Monday’s close.
Tesla shares reached an all-time high on September 1, topping out at 502.49. Tesla is nearly 17% off its 52-week high among the recent win streak.
The cumulative total of coronavirus cases approved since the start of the outbreak around the door topped 33.6 million Tuesday, with above one million virus-related deaths.
Microsoft dipped by 0.2% while Nike gained 1%
In today’s stock market, Microsoft, a multinational technology company, dipped by 0.2% while Nike climbed 1%, and its shares are just 5% off their 52-week high despite the stock market’s recent weakness. Year to date, Nike rose by 22.7% through Monday’s close.
Big Lots IBD 50 stock increased by 8% before on revised earnings guidance before losing gains. The company said it awaits to earn 50 cents to 70 cents per share for the current quarter.
On September 29, Tuesday, the DJIA (Dow Jones Industrial Average) decreased by 0.7% while the S5P 500 dipped 0.5%. The Nasdaq Composite traded down 0.7% in the volatile morning trade.
The tech-heavy Nasdaq climbed 23.9% for the year amid a coronavirus stock market rebound. Besides, the S&P 500 increased by 3.7% the DJIA decreased by 3.3% during the year.
The IBD 50 stock is bouncing from its 50-day support level as it moves up the right side of a potential new base.