Thursday, as Walmart (WMT) and Cisco Systems (CSCO) led the Dow Jones industry innovation, and technology leaders profit Amazon .com (AMZN) and NetEase (NTES) helped to boost trade.
Dow took more than 150 points in early action and 0.6% in the stock market. today was to expand its recovery from Monday to three days. Dow Jones stocks Walmart and Cisco acquired quarterly reports
S&P 500 surpassed 0.7%, Nasdaq – 0.6% more
China NetEase (NTES) and Florida Kemet (KEM) jumped the news. Between IPO Beyond Meat (BYND) and Brazil PagSeguro (PAGS) were early leaders
Qurate Retail (QRTEA), NetEase and Cisco Nasdaq 100. " Cisco sells S&P 500 at the beginning.
Philly Fed Index, Mortgage Programs Spike
Philadelphia Federal Reserve May The Business Forecast indicator returned to 16.6 in the month, and in April it was down. reading and 9.3. Current shipments have increased, although new orders have decreased over the month. The current stock level fell for the first time in four months to a negative territory
The surprise increase was similar in May. New York Federation Empire State Manufacturing Survey Report
. April to April compared to previous years. Mortgage Bankers' Association reported on Thursday at 3%.
In April, the start of housing jumped to 1.235 million. That was 8 percent. The leap over the beginning of March, well above the consensus forecast of up to 1.2 million.
Construction permits, which estimate the upcoming construction activity, fell to 1,296 million, compared to 1,269 million. March. Economists hoped for soft growth of up to 1.29 million. Permits
For the first time, unemployment claims are approaching 212,000 weeks, ending on May 11th. This figure dropped sharply compared to 228,000 last week, downsizing forecasts for 219,000 new claims
But the four-week moving average rose to 225,000 – the highest since February.
Dow Jones Stocks: Walmart, Cisco Systems Lead
Walmart's early-stage sales rose 2.1% in the first quarter. Revenue exceeded expectations. Income growth was inadequate. E-commerce sales increased by 37%. Walmart shares are traded below 104.28.
At the end of the third quarter, Cisco Systems grew by 5.3 percent. Revenue increased by 18 percent, while revenue grew by 4 percent. Fourth quarter earnings guidelines were stronger than expected. Since mid-April, Cisco shares have dropped by almost 9 percent, and after the break in February, about 10 percent. More than 47.69 points.
Apple, Amazon: Resistance / Support
Among the big technology names Apple (AAPL) dropped 0.7%. Amazon grew 1.7%. Apple's recovery from Monday's low is facing resistance testing for both 200 days and 50 days of moving averages. Apple's stock ended on Wednesday – 3.7% lower than the 197.79 cup with a handle.
Amazon – IBD Leaderboard share package – is recovering from this week's 50-day test. May 3rd Height-bending formed an eight-day knob on the base of a seven-month cup. The Amazon stock was 5% lower than the 1,964.50 purchase point on Wednesday in the final bell
Stock Market Today: Rally Test
The stock market today faces several key tests. Both Nasdaq and S&P 500 ended Wednesday's session, not 50-year moving averages. Breaks above this line may mean that the market is revitalized again. If progress is made on the 50-day line, resistance may become stronger.
On Monday, "upward pressure" fell to a "market adjustment" state. Two sessions followed this session. Technically, this is a rally test. Rallying requires two elements to be approved. First, it must maintain a higher than recently low (set Monday) for at least three days. Second, on the fourth day or later, at least one of the major indexes must have strong growth. This is called the next day
Many rallys are trying to demolish below their lowlands and not create further days. A successful follow-up day is not proof that the upward trend will succeed – many do not. However, it opens the door for investors buying qualified leading securities by deleting previous valid purchase points.
A more detailed analysis of the current stock market and its confirmed growth trend explores Big Picture .
Chinese NetEase: Earnings Accelerated
China's NetEase jumped nearly 7 percent. However, the change in the market changed stock stocks on Monday until the market was able to confirm a new growth trend.
The Internet portal and gambling service provider reported that 116 percent of Wednesday's end-of-day gambling services were down. and the fourth quarter fourth quarter of the quarterly acceleration of profits.
IPO Watch: Beyond Meat, PagSeguro Rise
IPO activity was positive on Thursday when Beyond Meat was over 5% and PagSeguro was 4%. Israel Tuffin Software (TUFN) added 1%. Lyft (LYFT) and Uber (UBER) added 2.5% portions, each looking for a third straight increase
Marijuana stocks Innovative industrial properties (19459004) ), REIT, focused on real estate used to grow marijuana plants, rose by more than 2% on the open ground. On Wednesday, stocks fell slightly less than 8% below 93.34.
On Wednesday, Beyond Meat surpassed 85.55 points on the IPO base. The stock market today remains in the "correctional market", which means that stock purchases are currently ineffective
Overseas Markets Growth
Chinese markets succeeded in gaining profits on the second day because expectations of incentives outweighed Trump's administrative sanctions against telecommunications giant Huawei, the latest US-China trade conflict sanction. Shanghai Composite jumped 0.6%. Hong Kong Hang Seng Index Slightly Increased
In May, Hong Kong and Shanghai Indexes fell by more than 4%, and Hong Kong for the first time in 2019 19659004] In Japan, Nikkei 225 fell by 0.6%. The Indian Sensex Index increased by 0.8%. In the mid-session in Europe, markets were larger: the Frankfurt DAX rose 0.7%, the Paris CAC-40 rose 0.3%, and the FTSE 100 London – 0.2%.
Find Alan R. Elliott on Twitter @IBD_Aelliott
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