The Dow Jones Industrial Average and other major stock indexes traded higher Friday, as Nvidia rebounded on the stock market today. Meanwhile, Tesla was another early winner, looking to snap a three-day losing streak.
After the opening bell, the Dow Jones Industrial Average rose 0.3%, while the S&P 500 moved up 0.4%. The tech-heavy Nasdaq composite gained 0.6% in morning trading. The stock market will close early, at 1 p.m. ET.
Early Friday, the 10-year Treasury yield ticked lower to 4.2%. Oil prices climbed, as West Texas Intermediate futures traded around $69.20 per barrel, still holding near the week's lows.
Among exchange traded funds, the Invesco QQQ Trust moved up 0.6%, while the SPDR S&P 500 ETF added 0.4% after the open.
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Stock Market Today: Nvidia Stock Looks To Rebound
Nvidia stock bounced 2.5% Friday, with the artificial intelligence titan looking to rebound following a sharp pullback over the last few trading sessions.
While shares declined 1.2% Wednesday, they halted their slide at the 10-week moving average line, an important area to watch. If the stock breaks that level in heavy volume, then further downside would be likely. Conversely, a decisive rebound would place the AI stock in a new buy area.
Tesla moved up 1.9% in morning action Friday, looking to snap a three-day losing streak. Shares remain sharply extended past a 264.86 cup-with-handle entry even after they reversed off new highs Monday.
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Dow Jones Hits New High
On Wednesday, the Dow Jones Industrial Average fell 0.3%, reversing lower after hitting an all-time high. The S&P 500 fell 0.4% and the Nasdaq composite declined 0.6%.
Among the best companies to watch on the stock market today are Embraer, Cloudflare, TJX and Tradeweb Markets.
Dow Jones components making notable moves were Amazon.com, Apple, Microsoft and Sherwin-Williams.
Sherwin-Williams and Cloudflare featured in this Stocks Near A Buy Zone column.
There were no new stocks on IBD MarketSurge's "Breaking Out Today" list Wednesday. 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.
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Dow Jones: Sherwin-Williams Breaks Out
Dow Jones leader Sherwin-Williams is breaking out past a 392.57 buy point in a flat base, according to MarketSurge pattern recognition. Shares were up 0.7% Friday.
Outside the Dow Jones index, Cloudflare broke out last week, topping a 99.17 buy point in a cup with handle. The 5% buy zone runs up to 104.13, so shares are in buy range. Cloudflare stock fell 0.2% Friday.
Embraer is in buy range above an alternative entry at 39.46 and is a recent IBD Stock Of The Day. Shares dropped 0.8% early Friday.
Retailer TJX is above a 121.13 flat-base entry following strong gains. TJX stock climbed 0.1% in early Friday trading.
Finally, Tradeweb closed Wednesday just below a 136.13 entry in a flat base. Tradeweb stock moved up 0.4% Friday.
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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 |
|---|---|---|---|
| Tradeweb | 136.13 | Flat base | |
| Sherwin-Williams | 392.57 | Flat base | |
| Broadcom | 186.42 | Handle entry | |
| Deckers Brands | 172.57 | Handle entry |
Source: IBD Data as of Nov. 26
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Magnificent Seven Stocks: Alphabet, Meta
Among Magnificent Seven stocks, Alphabet dropped 0.6% in morning trading. Shares plunged below their 50-day line last week, but are trying to rebound.
Meta Platforms is trying to get back above its 50-day line amid recent gains, and is getting closer to a flat base's 602.95 buy point. Shares were up 0.5% Friday.
Dow Jones Leaders: Amazon, Apple, Microsoft
Among Dow Jones components in the Magnificent Seven, Amazon stock rallied sharply this week, decisively retaking a 201.20 buy point. It fell 0.2% in early trading Friday.
Shares of Apple are within striking distance of a flat base's 237.49 entry. The stock was up 0.1% Friday morning.
Microsoft shares declined 0.8% Friday morning. The stock reclaimed its 50-day line, a key level to watch, during this week's gains.
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.
