According to the latest stock market news, a multinational technology company Microsofts decreased by 0.2%. At the same time, Nike, the world’s leading design, development, and manufacturing company, gained 1%. Significantly, amid the stock market’s recent weakness, its shares are just 5% off their 52-week high. Nike boosted by 22.7% through Monday’s close.
Meanwhile, the stock of the world’s foremost technological company, Apple, is nearly 60% up a 72.15 buy. Apple is one of the best performing Dow Jones stock for 2020. The giant company climbed 56.6% through Monday’s close.
On September 1, Tesla shares hit a lifetime high, topping out at 502.49. An electric vehicle and clean energy company are approximately 17% off its 52-week high between the recent win streak.
The Dow Jones Industrial Average decreased by more than 200 points
The Dow Jones Industrial Average fell by more than 200 points on September 29. Besides, the stock market rebound continues. Apple, the Dow Jones leader, decreased by 1%, while Tesla, an American electric vehicle and clean energy company, dropped more than 2%. Beyond Meat gained 12% to a breakout on an expanded partnership with Walmart.
Except for that, 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.
Big Lots IBD 50 stock climbed 8% since on revised earnings guidance before declining. The company announced it expects to gain 50 cents to 70 cents per share for the current quarter.
Amid volatile morning trade, the Nasdaq Composite dropped 0.7%. The Dow Jones Industrial Average fell by 0.7%, and the S&P 500 lost 0.5%.
Additionally, tech-heavy Nasdaq gained 23.9% in a year among a Covid-19 stock market recovery. During the year, the S&P 500 improved by 3.7%. The Dow Jones declined by 3.3%.
The IBD 50 stock is recovering from its 50-day support level as it moves up the right side of a potential new base.