Dow Jones Rallies As U.S. Economy Adds 943,000 Jobs; Tesla Stock At New Buy Point


The Dow Jones Industrial Average briefly rallied 150 points Friday, as the U.S. economy added 943,000 jobs in July. Tesla stock slid in midday trade, but remains above an aggressive entry, while HOOD stock surged as much as 19% in morning trade before cutting gains.


Among Dow Jones leaders, Apple (AAPL) lost 0.6% Friday, while Microsoft (MSFT) moved down 0.4% in today’s stock market. Home Depot (HD) is trying to clear a new buy point.

Tesla (TSLA) looked to snap a seven-day win streak, losing over almost 2% Friday midday. Robinhood (HOOD) rebounded from Thursday’s plunge, surging as much as 19% in morning trade.

Among the top stocks to buy and watch, MercadoLibre (MELI), Square (SQ) and Twitter (TWTR) are in or near buy zones.

MercadoLibre, Microsoft and Tesla are IBD Leaderboard stocks. Square is an IBD SwingTrader stock and was Monday’s IBD Stock Of The Day.

Dow Jones Today: Jobs Report

The Dow Jones Industrial Average rose 0.45% Friday,…

Read more…