Dow futures drop 800 points on new shifting fears of Covid virus; Lucid, Rivian, Tesla Val

Dow futures fell 800 points on Friday morning, tracking a selloff in global markets sparked by fresh Covid concerns. Shares of pandemic beneficiaries rose, and travel stocks tumbled. EV shares, Lucid Motors, Rivian and Tesla are set to open lower, in the trading session after the short holiday.


between the Dow Jones LeadersAnd An apple (AAPL) is down 1.5% in the morning move on Friday, while Microsoft (MSFT) decreased by 1.1% in Stock market today. nike (from) returns to below a The last point of purchase After another breakout attempt.

On top of pre-market trading, modern (mRNA), Pfizer (PFE), Zoom video communication (ZM) And Netflix (NFLX) rebounded sharply. Cruise lines, airlines and oil producers took many of the hardest hits early on.

electric car leader Tesla (TSLA) lost more than 2% pre-marketing on Friday. EV . counterpart Rivian (countryside) by more than 4%, while Lucid Motors (LCID) decreased by 6%. Chinese electric car leaders Lee Otto (In the) And Exping Motors (XPEV) – Both are near buy points – They are down 4% each.

The impact on some of the major stocks to buy and watch remained unclear. Amazon (AMZN), Nokor (naked), Pioneer Natural Resources (PXD) And ZIM Integrated Shipping (ZIM) in or near new purchasing areas. Everything was trading lower early on Friday.

Microsoft, Nucor, and Tesla IBD Leaderboard Stores. Amazon appeared this week Stocks near the buying area a story. Apple is IBD SwingTrader Money bills. was the pioneer Tuesday’s stock from IBD. Zim has been highlighted this week The story of the underwriting leaders.

Dow Jones Today: Covid Alternate Concerns

Ahead of the stock market open on Friday, Dow Jones futures are down 2.3% against fair value, while S&P 500 futures are down 1.75%. Nasdaq 100 futures were sold at 1.1% for fair value. Remember to make a premarket in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual trading performance in the next regular cycle Stock market Period.

The markets will have a short session on Friday, closing at 1 PM ET.

in between circulating money exchangeNasdaq 100 Invesco QQQ Trust Tracker (QQQ(Primary market price is down 1% on Friday, while the SPDR S&P 500 ETF is down)spy) is down 1.65%.

Indexes in Hong Kong and Tokyo ended the Friday session down more than 2.5%. In Europe, the CAC-40 in Paris is down 3.9%, the DAX in Frankfurt is down 3.1%, and the FTSE 100 in London showed a loss of 2.9% in early afternoon trade.

Thursday, South African government She said she is considering new public health restrictions due to a new variant of Covid-19. In response, the World Health Organization decided to hold a special meeting on Friday. “We don’t know much about this yet. What we do know is that this variant has a large number of mutations. The concern is that when you have a lot of mutations, it can have an impact on how the virus behaves,” said Dr. Maria Van Kerkhove, who is leading the work. The World Health Organization technician on Covid-19, during a question and answer session on social media.

Meanwhile, the UK said it would suspend flights from South Africa and five neighboring countries. British Minister of State for Health and Social Care, Sajid Javid, chirp“More data is needed but we are taking precautions now. From tomorrow noon six African countries will be added to the red list, flights will be temporarily banned, and travelers in the UK must quarantine.”

ETF strategy in the stock market and how to invest

stock market rise

The stock market performed mostly positive on Wednesday, with the Nasdaq reversing from early losses to end with modest gains.

Wednesday, The Big Picture He commented: “Despite the beating on Monday, Nasdaq found support near it 21-day exponential moving average It continues to trade above its bullish 50-day moving average, although the bullish test of the 16000 level still awaits us. The number of distribution days remains low, indicating that the big money continues to hold.”

For daily commentary on the stock market, be sure to check out IBD The Big Picture.

Top 5 Dow Jones stocks to watch right now

Dow Jones stocks to buy and watch: Apple, Nike

IBD SwingTrader Apple stock barely extended beyond 153.27 buying points from a cup with a handle, according to IBD Market Smith Chart analysis, after nine consecutive days. Buying zone 5% is topping at 160.93. Apple shares lost 1.6% on Friday.

Nike, the retail leader in Dow Jones, is still about 1% below its cup base buying point of 174.48 after Wednesday’s slight dip. NKE shares fell more than 2% in the primary market on Friday.

Stocks on the go: Boeing, Chevron, Netflix and Zoom

Boeing (Bachelor’s) And chevron (CVX) were among the weakest Dow Jones stocks Friday morning, trading down 6.45% and 4%, respectively.

On the upside, Netflix and Zoom Video jumped 2.4% and 10%, respectively.

Stocks that can be bought and watched: Amazon, Nucor, Pioneer, ZIM

Amazon is still under 3,605.55 buy point In a cup with a handle, according to IBD Market Smith Chart analysis, after a slight rally on Wednesday. AMZN shares fell 0.3% last Friday.

The stock’s relative strength line is down sharply from its recent lows after the November gains, but is well below its July high. This indicates poor performance against the S&P 500 over a longer period of time. Ideally, the RS line should hit a new high on the day of the breakout or shortly thereafter to confirm that the stock is a market leader.

IBD Leaderboard Nucor is trying to get past the point of purchase of 119.42 from cup base with handleFollowing Monday’s advance of 6%. Wednesday ended the lowest buying point after two consecutive days of losses, and the steelmaker was down more than 4% early Friday.

Tuesday’s stock from IBD, Pioneer Natural Resources, continues to build a flat base with 196.74 purchase points. The stock flashed an early entry on Tuesday, bouncing off the key 50-day line. Shares were down nearly 5% ahead of Friday’s open. Stocks are set to test the 50 day moving average again.

ZIM stocks build a file cup base with 62.30 buy point, to me IBD Market Smith Graph analysis. Be on the lookout for a possible handle To provide more optimal entry to risk. Given the weakness this week so far, the stock is close to forming a handle at 60.19 buying points. The stock was down 3.6% prior to Friday.

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

Electric Vehicle Stock: Li Auto, Xpeng, Lucid Motors, Rivian

Li Auto continues to build cup base with handle Which shows 34.93 buying points, as shares are up nearly 3% on Wednesday. The stock was down 3.7 percent before Friday.

Xpeng Motors was extended beyond the 48.08 buy point in a choppy cup base after Tuesday’s profit surged 8.25%. XPEV shares fell 4.7% at the start of Friday.

Lucid Motors shares fell more than 6% in the primary market on Friday, threatening their two-day win. LCID stock Still extending away from the 28.49 buy point at Cup base with handle.

Hot Rivian IPO lost about 4.9% ahead of the market on Friday after Wednesday’s 4.2% slide.

RIVN shares closed Wednesday about 36% from their post-IPO highs. This drop is a potential positive for investors who remain disciplined and wait basic subscription to shape before considering a purchase. The recent weakness may be the beginning of the formation of the first Rivian base, but the recent price action is not very constructive due to the high volatility of the downtrend.

Tesla Stock

Tesla stock The primary market fell 2.1% on Friday, keeping pace with the decline after Wednesday’s 0.6% gain.

The shares traded as high as 1243.49 on November 4, but the stock closed Wednesday about 10% from its 52-week high. TSLA shares remained sharply above 764.55 buying points in cup with handle, in addition to the previous entries at 700.10 and 730. The chart also showed an alternate entry at 900.50.

Dow Jones Leaders: Microsoft

in between Dow Jones stockSoftware giant Microsoft fell 1.2% on Friday, paring Wednesday’s slight gains.

On October 18, Microsoft shares broke out in the past a flat base305.94 buy points. The buying zone topped 5% at 321.24, so the stock was extended.

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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