The Dow Jones Industrial Average met on Friday morning, as significant inflation readings declined for the first time this year. This week, the Dow Jones Industrial Average will have eight-week loss results, as the stock market rally continues. And following Thursday's best deals, the top six stocks you can buy and watch include Merck supplier and Tesla Livent.
Marvell Technology (MRVL), Ulta Beauty (ULTA), Workday (WDAY) and Zscaler (ZS) were among the biggest pay changers on Friday.
MRVL shares grew by 6% after exceeding Wall Street estimates. ULTA shares exceeded 10% on strong first-quarter results. The working day is sold at 7% after the lack of salary estimates. Zscaler stock increased by 12% on better results than expected.
Tesla (TSLA) large electric car traded 4% on Friday morning. Elsewhere, the technology leaders of Dow Jones Apple (AAPL) and Microsoft (MSFT) had risen almost 1% per capita in today’s stock market.
During the stock market meeting, Dow Jones leaders Chevron (CVX) and Merck (MRK) - and Livent (LTHM), Eli Lilly (LLY), Northrop Grumman (NOC), World Wrestling Entertainment (WWE) and ZIM Integrated Shipping (ZIM) - are among the top stocks.
Dow Jones Today: Treasury Produces, Oil Prices, Inflation Data
After opening Friday, the Dow Jones Industrial Average rose 0.8%, while the S&P 500 rose 1.5%. The tech-heavy Nasdaq gained 2% in the morning trading.
Among the trading funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) increased by 2%. SPDR S&P 500 ETF (SPY) increased by 1.5%.
Treasury's 10-year yield increased to 2.72% on Friday morning after closing on Thursday with 2.76%. On Tuesday, Treasury's 10-year harvest reached its lowest level since mid-April. Meanwhile, U.S. oil prices down below 1%, and West Texas Intermediate crude trading below the $ 114 barrel.
On Friday morning, personal spending - the Federal Reserve's inflation target - rose 4.9% in April, slower than the March 5.2% increase, which could indicate inflation.
Stock Market Rally
Big stock indexes posted the best performance on Thursday, with tech-heavy Nasdaq up 2.7%.
Thursday's column for The Big Picture commented, "The stock market finished Thursday on a high note that left a combination of the S&P 500 and Nasdaq on track to end a seven-week loss."
