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Dow Jones Drops 150 Points On China Retaliation; Intel Crashes 18% On Earnings And Tesla Dives 9% On Downgrade
The Dow Jones Industrial Average fell more than 150 points early Friday on rising U.S.-China tensions before cutting losses, as the coronavirus stock market rally continues. Dow Jones stocks Apple and Microsoft stumbled, while Intel crashed as much as 18% on earnings. Tesla dove as much as 9% on an analyst downgrade.
Blue chip stock Apple (AAPL) fell 0.9%, while Microsoft (MSFT) slid 0.3% in today's stock market. Dow Jones leader Intel (INTC) dove 18% on earnings. Tesla (TSLA) skidded 6% on an analyst downgrade. Stocks in or near buy zones include Lululemon (LULU) and Qorvo (QRVO).
Dow Jones Today: China Strikes Back
The Dow Jones industrials moved down 0.1% early Friday, while the S&P 500 traded down 0.3%. The tech-heavy Nasdaq composite lost 0.6% in morning trade.
Earlier this week, the U.S. State Department ordered China to close its Houston consulate. State Department Spokesperson Morgan Ortagus said it was issued "to protect American intellectual property and American's private information." China has threatened to retaliate.
Among exchange traded funds, Innovator IBD 50 (FFTY) fell 0.3% Friday morning. The ETF of top growth stocks is about 5% off its 52-week high. The Nasdaq 100-linked Invesco QQQ Trust (QQQ) ETF moved down 1.1%. Meanwhile, the SPDR S&P 500 ETF (SPY) fell 0.5%.
Within the coronavirus stock market rally, the tech-heavy Nasdaq is up 16.6% for the year through Thursday's close. Meanwhile, the S&P 500 is up 0.2%, while the DJIA is down 6.6% year to date, through the July 23 close.
https://www.investors.com/market-tr...-microsoft-intel-earnings-stock-market-rally/
- 11:03 AM ET 07/24/2020
The Dow Jones Industrial Average fell more than 150 points early Friday on rising U.S.-China tensions before cutting losses, as the coronavirus stock market rally continues. Dow Jones stocks Apple and Microsoft stumbled, while Intel crashed as much as 18% on earnings. Tesla dove as much as 9% on an analyst downgrade.
Blue chip stock Apple (AAPL) fell 0.9%, while Microsoft (MSFT) slid 0.3% in today's stock market. Dow Jones leader Intel (INTC) dove 18% on earnings. Tesla (TSLA) skidded 6% on an analyst downgrade. Stocks in or near buy zones include Lululemon (LULU) and Qorvo (QRVO).
Dow Jones Today: China Strikes Back
The Dow Jones industrials moved down 0.1% early Friday, while the S&P 500 traded down 0.3%. The tech-heavy Nasdaq composite lost 0.6% in morning trade.
Earlier this week, the U.S. State Department ordered China to close its Houston consulate. State Department Spokesperson Morgan Ortagus said it was issued "to protect American intellectual property and American's private information." China has threatened to retaliate.
Among exchange traded funds, Innovator IBD 50 (FFTY) fell 0.3% Friday morning. The ETF of top growth stocks is about 5% off its 52-week high. The Nasdaq 100-linked Invesco QQQ Trust (QQQ) ETF moved down 1.1%. Meanwhile, the SPDR S&P 500 ETF (SPY) fell 0.5%.
Within the coronavirus stock market rally, the tech-heavy Nasdaq is up 16.6% for the year through Thursday's close. Meanwhile, the S&P 500 is up 0.2%, while the DJIA is down 6.6% year to date, through the July 23 close.
https://www.investors.com/market-tr...-microsoft-intel-earnings-stock-market-rally/
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