The Dow Jones Industrial Average and other major indexes traded mixed Friday. An early earnings winner on the stock market today was artificial intelligence giant Broadcom, which soared to new highs ahead of the market open. Meanwhile, market leaders Nvidia and Tesla also rallied.
After the opening bell, the Dow Jones Industrial Average fell 0.1%, while the S&P 500 climbed 0.2%. The tech-heavy Nasdaq composite moved up 0.5% in morning trades.
Early Friday, the 10-year Treasury yield ticked higher to 4.35%. Oil prices extended their gains, as West Texas Intermediate futures traded around $70.35 per barrel.
Among exchange traded funds, the Invesco QQQ Trust gained 1%, while the SPDR S&P 500 ETF rose 0.2% after the open.
Cracks Emerge In Nvidia's AI Armor. What's An Investor To Do?
Stock Market Today: Broadcom Soars
Late Thursday, Broadcom delivered roughly in-line results for its fiscal fourth quarter, helped by strong sales of AI processors and networking chips. Its outlook also matched analyst estimates. Broadcom stock soared more than 21% in morning trading, hitting all-time highs and breaking out past a 185.05 double-bottom entry.
Elsewhere, Costco Wholesale reported mixed earnings for its fiscal first quarter late Thursday, after its first membership fee hike in seven years. Costco stock rallied 1.5% in early morning trading.
Nvidia stock gained 0.8% in morning action Friday, set to bounce back from Thursday's losses. Shares remain at their 50-day line, a critical level to watch. A heavy volume breach of this level would trigger a sell signal, while a decisive rebound would place the AI titan in a new buy area.
Electric-vehicle giant Tesla moved up 1.4% Friday, looking to rebound from Thursday's reversal. Tesla stock set all-time highs this week, topping out at 429.30.
After Getting Dethroned By Apple, Nvidia Faces This New Threat
Dow Jones Extends Losing Streak
On Thursday, the Dow Jones industrials and S&P 500 both dropped 0.5%, while the tech-heavy Nasdaq composite lost 0.7%. The Russell 2000 index sold off 1.4%.
Among the best companies to watch on the stock market today are BlackRock, Manhattan Associates and Trip.com.
Dow Jones components making notable moves were Amazon.com, Apple, IBM, Microsoft and Nvidia.
BlackRock is featured in this Stocks Near A Buy Zone column.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Check for potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
The 'Apps' Have It — So Does Palantir And 26 Other Stocks
Dow Jones: IBM Nears Buy Point
Dow Jones leader IBM is just below a 237.37 buy point in a cup base, according to MarketSurge pattern recognition. Shares fell 0.2% Friday.
Outside the Dow Jones index, BlackRock is above a 1,068.34 buy point in a four-weeks-tight pattern. BlackRock stock dipped 0.2% Friday.
Manhattan Associates is just shy of a 306.63 handle entry after a 1% gain Thursday. Shares moved down 0.1% Friday morning.
Trip.com shares soared 8.7% Monday, staging a breakaway gap past a 69.67 buy point. During a breakaway gap, investors can use the high price of the first five-minute bar as a reasonable entry. For Trip.com, that places the buy point at 76.75. The Chinese travel stock dropped 2.5% Friday morning.
Nvidia, Apple And Tesla Highlight How To Handle The Stock Market Today
Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| BlackRock | 1,068.34 | Tight area | |
| IBM | 237.37 | Cup base | |
| Broadcom | 185.05 | Double bottom | |
| Manhattan Associates | 306.63 | Handle entry |
Source: IBD Data as of Dec. 11
Breakout Watch: Axon Peer In Buy Range After Flashing This Telltale Signal
Dow Jones Leaders: Amazon, Apple, Microsoft
Besides Nvidia stock, another Dow Jones component in the Magnificent Seven is Amazon stock, which has rallied sharply in recent weeks. During that advance, the e-commerce giant decisively regained a 201.20 buy point and hit new highs. It added 0.5% in morning trading Friday.
Shares of Apple are in buy range above a flat base's 237.49 entry as they hit new highs this week. The stock gained 0.4% Friday morning.
Microsoft shares rose 0.3% Friday morning. This week, the stock reached its highest level since late July.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
