The Dow Jones Industrial Average fell sharply on Friday despite a report on better performance than expected. But that happened as Tesla's stock exploded in a report that Chief Executive Officer Elon Musk plans to reduce the company's staff by 10%, due to "a very bad feeling" about the economy.
Earlier in the day, CrowdStrike (CRWD), Lululemon (LULU), Oct. (OKTA) and RH (RH) reported quarterly results by the end of Thursday. CrowdStrike slides by 6% Friday morning. LULU shares were slightly higher. Oct's stock exceeds 16%. RH shares also fell 3% after opening Friday.
Tesla (TSLA) has dropped by almost 7%. Elsewhere, the technology leaders of Dow Jones Apple (AAPL) and Microsoft (MSFT) were both very low on today's stock market.
During the emerging stock market meeting, Dow Jones leaders Chevron (CVX) and Merck (MRK) - and Albemarle (ALB), Eli Lilly (LLY), Enphase (ENPH), Northrop Grumman (NOC) and ZIM Integrated Shipping (ZIM)
Dow Jones Today: Treasury Yields, Fuel Prices, Activity Report
After opening Friday, the Dow Jones Industrial Average fell 0.8%, while the S&P 500 fell 1.2%. The tech-heavy Nasdaq compound sold 1.9%.
Between trading, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 1.5%, while the SPDR S&P 500 ETF (SPY) fell 1%.
Treasury's 10-year profit is expected to return from Thursday's loss, rising to 2.96% on Friday morning. Last week, Treasury's 10-year harvest reached its lowest level since mid-April, but now it is rising. At the time, U.S. oil prices were rising. beautiful as the West Texas Intermediate crude trades under $ 116 a barrel. Oil prices could see some impact from weekly statistics calculations from Baker Hughes (BKR), which should come out at 1 p.m. ET.
Early Friday morning, the Department of Labor released a report on May pay. The US economy added 390,000 jobs in May, higher than the 325,000 average economy. Unemployment rate reached 3.6%.
Stock Market Rally
On Thursday, major stock indexes showed improved performance, with Nasdaq up 2.7% - its third meeting of more than 2% in the last five sessions. The S&P 500 added 1.8%, and its fourth profit is more than 1.5% since May 20 low.
Thursday's column for The Big Picture noted, "The stock market could be volatile after Microsoft cuts its current quarterly earnings and earnings forecast, citing negative exchanges. However, indexes have emerged from open losses and continued to rise until the end."
Stocks To Buy And Watch: Albemarle, This Lilly, Enphase, Northrop, ZIM
Last week, Albemarle won a pre-purchase point near 248. Shares of the ALB fell 1.4% on Friday morning.
Pharmacist Eli Lilly fell 2.8% on Thursday, down sharply below 314.10 after a temporary outbreak last week. It also added a pre-buy start to 309.54 last week. Eli Lilly shares were slightly higher on Friday.
Enphase, outperformed the 193-double double bottom base during Thursday's 9% upgrade. The 5% purchase price rises to 202.65. Major weakness RS line deficit stock. Shares of Enphase fell by almost 3% on Friday morning.
Northrop Grumman is just as embarrassed by the purchase point of the 477,36-handle cup, as it finds support in its crucial 50-day line. The defense contractor is also trying to move beyond the trend line within his handle. This premature entry stays at about 464. NOC shares had risen 0.5% on Friday morning.
IPO Leader ZIM Integrated tracks the base of the cup with a 79.05 point of purchase. Shares are about 12% off in the right shopping area after Thursday's rise. The handle that can be built now. ZIM shares fell 0.4% earlier on Friday.
Tesla Stock
Tesla stock jumped 4.7% on Thursday, experiencing a two-day loss. Shares threatened to recoup those profits, exceeding 7% on Friday morning. Last Thursday, Tesla CEO Musk said in an email he was "very negative" about the economy and wanted to cut about 10% of the company's employees.
Despite recent benefits, stock remains below the 50 and 200 day moving averages. Tesla stock traded up 1,243.49 on November 4. Shares were about 38% on that record high.
Dow Jones: Apple, Microsoft
Among Dow Jones shares, Apple shares rose 1.7% on Thursday. The stock remains below its 200-day long line. AAPL stock fell 2.4% on Friday.
Microsoft's software leader withdrew from a major loss and ended 0.8% up on Thursday, but remains below its 50-and-200-day line. The stock has closed about 20% of its 52-week discount. MSFT shares fell 1.1% on Friday.
