Dow down ahead of Fed meeting minutes; Airbnb soars and Roblox crashes on earnings

The Dow Jones Industrial Average fell on Wednesday ahead of the Federal Reserve’s meeting minutes from the January meeting. Airbnb, CF Industries, Roblox, Shopify and Trade Desk were major profit drivers before the market opened, as investors remained alert to developments in the standoff between Russia and Ukraine.


between the Dow Jones LeadersAnd An apple (AAPL) decreased 0.5% and Microsoft (MSFT) decreased by 0.6% in Stock market today. American Express (AXP), a Dow Jones stock to watch, is barely in a buying range after last week’s breakout move.

electric car leader Tesla (TSLA) is down nearly 1% on Wednesday, threatening a two-day winning streak.

Amid a volatile stock market rally, Northern Oil and Gas (wedge), monastery (DE), Palo Alto Networks (bano) And Stifel Financial (sixth) is among the biggest stocks to buy and watch on Wednesday. All four stocks are in or near new buying areas.

Microsoft and Tesla IBD Leaderboard Stores. North oil and gas was Tuesday of 50 IBD stocks to watch picking or picking Stifel appeared this week Stocks near the buy zone column.

Dow Jones Today: Fed Minutes, Retail Sales

After the stock market opened on Wednesday, the Dow Jones Industrial Average fell 0.4%, while the S&P 500 lost 0.7%. The Nasdaq is selling 1.35% in morning trading. in between Exchange Traded FundsNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Down 0.7%, the SPDR S&P 500 ETF)spy) is down 0.5% after Wednesday’s open.

The 10-year Treasury yield fell to 2.03% on Wednesday morning. On Tuesday, the 10-year Treasury yield closed below 2.05%.

Oil stocks were generally trading higher as oil prices posted a modest rebound on Wednesday morning. West Texas Intermediate crude rose more than 1% to rise again above $93 a barrel.

Investors are waiting for the minutes of the Federal Reserve’s January meeting, due out at 2 p.m. ET, for more insight into the central bank’s plans to raise interest rates to combat inflation. Meanwhile, retail sales easily beat estimates, jumping 3.8% in January compared to estimates for a 2% rise from the previous month.

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stock market struggles

The stock market posted a positive move on Tuesday, with the three major stock indices closing solidly higher. Amid the recent volatility, now is an important time to read IBD The Big Picture column.

Tuesday the big picture He cautioned, “However, with a small amount of breakouts pending, a few stocks reaching new highs, and many former stock market leaders still locked in a fix and rebuilding mode, a strong recovery on Wall Street does not justify changing the outlook for stocks. Only on Friday, the savage sell-off signaled volatility among large fund managers and led to a change in the World Bank’s market outlook to “an upward trend under pressure” for the fourth time since November 30.

If you are new to IBD, consider taking a look at stock trading system And CAN SLIM Basics. Distinguish chart patterns It is one of the key investment guidelines. IBD offers a wide range of Stock Growth ListsLike leaderboard And SwingTrader.

Investors can also create watch lists, find companies near a profile buy pointor develop custom screens in IBD Market Smith.

Four Dow Jones stocks worth watching right now

Stock Market Earnings: Airbnb, Roblox

Airbnb (ABNB), CF . Industries (CF), roblox game (RBLX), Shopify (a store) And trade office (TTD) for the results of the quarterly earnings before the market opens on Wednesday.

Airbnb Reported fourth quarter results Late on Tuesday I beat the top and bottom lines. ABNB stock rose 0.1% in morning trading.

fertilizer supplier CF Industries announces fourth-quarter results Which came in shy of estimates, but expects a strong outlook to 2023. CF shares are down 3% in morning trading.

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Roblox stock Wed down more than 23% after Wall Street estimates lost for the fourth quarter.

Shopify is down over 14% though The company’s results are better than expected Early Wednesday.

The trade desk is down more than 6% in the wake of the company’s strong results in the last quarter.

Dow Jones stocks to watch: American Express

American Express broke out in the past IBD Market Smith Chart analysis plotted as a buy point on a cup basis at 189.13 and still barely within the 5% buy range which comes to 198.59. AXP stock was trading slightly lower on Wednesday.

bullish, stock Relative force line Reached new highs, indicating significant outperformance in the stock market.

Four growth stocks to watch in the current stock market rally

Stocks to buy and watch: Northern, Deere, Palo Alto, Stifel

Tuesday of 50 IBD stocks to watch pick, Northern Oil & Gas, continues to build a cup with handle with 25.57 buy pointaccording to IBD Market Smith Graph analysis. NOG stock is up 2.8% on Wednesday.

Deere is above the 388.20-cup buy point with a handle after Tuesday’s 1.6% gain. Buying area rose 5% to 407.61. Shares of D.E. fell 0.4% on Wednesday.

Today’s stock from IBD, Palo Alto Networks, is moving up on the right side of the consolidation at 572.77 buy points. The stock is just above the 50-day line. PANW shares were down 1.5% on Wednesday. The cybersecurity chief will announce its earnings on February 22, so any early hack move will carry more risks. Investors may wish to study Options buying strategiesThis is a way to reduce risk during earnings season.

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IBD Leaderboard Stifel Financial stock regained its buying point at 78.70 in a consolidation after Tuesday’s 2.1% gain. The RS line reached a new high last week. Stifel shares were down 1% on Wednesday.

Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live

Tesla Stock

Tesla stock It traded down nearly 1% on Wednesday morning, threatening a two-day winning streak. The stock is still above the long-term 200-day line, but still sharply below the 50-day moving average. There is no proper entry in sight, as the stock continues to consolidate.

The stock traded as high as 1243.49 on November 4, but finished on Tuesday about 26% from an all-time high.

Dow Jones Leaders: Apple and Microsoft

in between Dow Jones stockApple stock rose again above the 50-day line while rising 2.3% on Tuesday. The new consolidation shows a buying point at 183.04, but the decisive move above last week’s high at 176.65 could be an early entry for aggressive investors. Apple shares lost 0.5% on Wednesday.

Shares of software leader Microsoft rose 1.85% Tuesday, with top Dow Jones finding support around its long-term 200-day line. MSFT stock fell 0.6% Wednesday morning.

Make sure to follow Scott Lehtonen on Twitter at Tweet embed Learn more about developing stocks and the Dow Jones Industrial Average.

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