The Dow Jones Industrial Average faded from its intraday highs in today’s stock market but still remained positive. The Nasdaq and S&P 500 showed similar intraday action. Meanwhile, small-cap stocks led on the upside.
X
At around 3 p.m. ET, the tech-heavy Nasdaq was up nearly 0.2%. The Dow Jones industrials held a 0.6% gain. The S&P 500 traded up over 0.4% while the Russell 2000 rose 1.4%. Data showed volume was higher on the Nasdaq and NYSE vs. the same time on Thursday, a bullish sign for CAN SLIM investors.
Early Friday, the Labor Department said the U.S. added 531,000 jobs in October, topping Econoday estimates for a 450,000-job increase. That was also up from an upwardly revised 312,000 in September. The unemployment rate fell to 4.6% in October, from 4.8% the prior month.
The growth-focused Innovator IBD 50 ETF (FFTY) rose 0.3% after trading in the negative. Stocks leading on the downside included Cryoport (CYRX) and new IPO stock Dutch Bros (BROS), which lost around 2.5% each after paring earlier losses.
Also, IBD 50 stock Dynavax (DVAX) lost over 22% on Friday. Shares plummeted after the vaccine maker’s Q3 results after the close Thursday, despite beating analysts’ forecasts. Several Covid vaccine stocks were lower on news of a promising treatment from Pfizer (PFE).
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 36328.98 | +204.75 | +0.57 |
| S&P 500 | (0S&P5) | 4695.95 | +15.89 | +0.34 |
| Nasdaq | (0NDQC ) | 15955.66 | +15.35 | +0.10 |
| Russell 2000 | (IWM) | 241.51 | +2.96 | +1.24 |
| IBD 50 | (FFTY) | 51.15 | -0.30 | -0.58 |
Last Update: 3:18 PM ET 11/5/2021 |
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Elsewhere, top travel stocks Airbnb (ABNB) and Expedia (EXPE) soared on Friday, after reporting earnings late Thursday.
Airbnb stock jumped nearly 13% after the company reported EPS of $1.22, handily beating the expected 72 cents a share. Meanwhile, sales reached $2.23 billion, beating the expected $2 billion, according to IBD data. The firm rose in very heavy volume and traded near the key 200 price point.
Shares are now 9% below a 220.04 buy point of a cup base. The stock has also recently jumped back above the 21-day exponential moving average and the 50-day line, a bullish change in character.
Dow Jones Today
Blue chips making notable moves included Visa (V) and Disney (DIS), which led blue chips with gains of over 3% apiece. Meanwhile, Visa’s fellow credit card company American Express (AXP) rose around 2.4% on Friday.
Disney shares were higher after Bloomberg reported the media and theme-parks giant was estimating a $75 million opening weekend for its Marvel Studios’ “Eternals” film. Disney stock has nearly reclaimed its 50-day line, a bullish sign.
The firm’s earnings are due Wednesday, after the market closes. Analysts expect earnings of 52 cents a share, a turnaround from a year-ago loss. Sales are expected to rise to over $18 billion, according to IBD data.
Follow Rachel Fox on Twitter at @rachelgfox more Dow Jones and stock market commentary.
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Read More:Dow Jones Holds Gains, Leads Upside; Airbnb Stock Soars On Earnings; Disney Leads Blue Chips
2021-11-05 21:20:00
