Dow Jones Falls After Inflation Data, Powell Speech Looms; Disney Surges On Earnings

The Dow Jones Industrial Average and different large banal indexes traded little Thursday aft an aboriginal ostentation report, with Federal Reserve Chairman Jerome Powell acceptable to talk aboriginal successful the day. An aboriginal victor was Walt Disney (DIS), which jumped connected beardown net results.

After the opening bell, the Dow Jones Industrial Average fell 0.1%, arsenic did the S&P 500. The tech-heavy Nasdaq composite besides traded down 0.1% successful greeting trading.

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Early Thursday, the 10-year Treasury output ticked little to 4.43%. Oil prices rose, arsenic West Texas Intermediate futures traded astir $69.15 per barrel.

Among exchange traded funds, the Invesco QQQ Trust (QQQ) fell 0.1%, arsenic did the SPDR S&P 500 ETF (SPY) aft the open.

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Stock Market Today: Disney Stock Soars After The Bell

Disney banal surged 10% successful greeting enactment Thursday aft the institution reported beardown fiscal fourth-quarter results. The amusement elephantine reported a 39% summation successful net to $1.14 per stock adjusted.

Revenue accrued 6% to $22.57 billion. FactSet expected a 34% summation successful net to $1.10 per stock connected $22.48 cardinal successful revenue.

Shares regained their semipermanent 200-day enactment this week and are moving up the close broadside of a heavy basal that spans backmost to aboriginal April.

Other cardinal net movers Thursday greeting see Cisco Systems (CSCO), JD.com (JD) and Nu Holdings (NU)

Cisco stock sold disconnected 1.8%, portion JD.com slipped 2.3%. Shares of Nu Holdings tumbled 10% successful aboriginal trading.

PPI Report, Powell Speech

Early Thursday, the Labor Department released the Producer Price Index ostentation information for October.

The PPI roseate 0.2% for the month, which matched estimates, with an yearly summation of 2.4%, hotter than the 2.3% Econoday estimate. The halfway PPI, excluding nutrient and energy, accrued 0.3%, successful enactment with estimates.

On Wednesday, the Consumer Price Index showed October ostentation numbers came successful arsenic expected.

Fed Chair Powell's code astatine the Dallas Regional Chamber is acceptable for 3 p.m. ET. The speech could connection further penetration into aboriginal policy.

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Dow Jones Holds Off Highs

On Wednesday, the Dow Jones Industrial Average roseate 0.1%, portion the S&P 500 inched higher. And the tech-heavy Nasdaq dropped 0.3%.

During Friday's IBD Live show, the IBD Live squad discussed the existent trading conditions and however investors should grip the banal marketplace action.

Among the champion companies to watch connected the banal marketplace today are Broadcom (AVGO), Costco Wholesale (COST), Deckers Brands (DECK) and FanDuel parent Flutter Entertainment (FLUT).

Dow Jones components making notable moves are Amazon.com (AMZN), Apple (AAPL), Microsoft (MSFT) and Salesforce (CRM).

Amazon was featured successful this Stocks Near A Buy Zone column.

There was 1 caller banal connected IBD MarketSurge's "Breaking Out Today" database Wednesday, namely Heico (HEI), which rallied past a 269.38 bargain constituent successful a level base. Check for imaginable breakouts  connected the "Near Pivot" list. To find further banal ideas, cheque IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.

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Dow Jones: Salesforce Tops Buy Point

Dow Jones bundle person Salesforce continues to clasp conscionable disconnected its caller highs, inactive extended beyond a 318.71 buy point, according to MarketSurge signifier recognition. Shares roseate 0.1% connected Thursday.

Outside the Dow Jones index, artificial quality elephantine Broadcom is searching for enactment astir its 50-day line, arsenic it holds adjacent a 186.42 alternate entry. Broadcom shares gained 0.9% Thursday.

Costco is uncovering enactment astatine its level base's 923.83 bargain point. Costco is simply a caller options commercialized idea. Shares fell 0.7% aboriginal Thursday.

Deckers stock is successful bargain scope past a 172.57 buy point successful a cup-with-handle base amid an eight-day triumph streak. Shares were down 0.4% Thursday.

Shares of Flutter jumped past a 252.84 bargain constituent successful a level base, with a 7% rally Wednesday, arsenic it was named the IBD Stock Of The Day. The banal fell 0.6% Thursday morning.

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Stock Market Today: Companies To Watch

These are 4 stocks successful oregon adjacent bargain zones successful today's banal market.

Source: IBD Data arsenic of Nov. 12

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Magnificent Seven Stocks: Alphabet, Meta, Tesla

Among Magnificent Seven stocks, Alphabet (GOOGL) fell 0.5% successful greeting trading. Shares are trying to apical a 182.02 bargain point successful a cupful with handle.

Meta Platforms (META) is trading adjacent a level base's 602.95 bargain point. Shares dipped 0.7% Thursday.

Tesla (TSLA) roseate 0.5% Wednesday, inactive adjacent the week's lows. Shares threatened to springiness backmost Wednesday's gains arsenic they mislaid 1.3% successful aboriginal trading Thursday.

Dow Jones Leaders: Amazon, Apple, Microsoft

Among Dow Jones components successful the Magnificent Seven, Amazon stock rallied to much caller highs Wednesday and added 0.4% successful greeting trading Thursday. Amazon shares are supra a consolidation's 201.20 bargain point.

Chip elephantine Nvidia (NVDA) held adjacent caller highs Wednesday, and moved up 0.4% Thursday. Nvidia is the lone Magnificent Seven sanction that has not yet reported results from its astir caller quarter. It is scheduled to study net Nov. 20.

Shares of Apple gave up their 50-day enactment this week, but gained 0.4% Thursday morning.

Microsoft shares roseate 0.3% Thursday morning. The banal is moving backmost supra its 50-day line, a cardinal level to watch.

Be definite to travel Scott Lehtonen connected X astatine @IBD_SLehtonen for much connected maturation stocks, the Dow Jones Industrial Average and the banal marketplace today.

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