The major stock indexes seemed to be rallying in today's stock market in 2018. The Dow Jones Industrials rose about 200 points as the US-China trade talks were optimistic. President Trump tweeted over the weekend that after a "very good call" with Chinese President Xi, "great progress" is being made. Apple (AAPL) gained 1%. The Apple share, along with other major stock indices, is an important component of Dow Jones industrials.
After a promising start to 2018, the Nasdaq had gained as much as 17.8% by August 31, with the tech-heavy Nasdaq Composite down 4.2% Monday morning. Meanwhile, the Dow Jones Industrials and S & P 500 indices lost 6% and 6.6%, respectively. ( Updates to this story and other market coverage can be found on the Stock Market Today page.)
Dow Jones Leads the Stock Market Rally
The Dow Jones industries were up 1%, while the S & P The 500 index rose 0.7% in the morning trade. The tech-heavy Nasdaq composite rose 0.6%, looking to extend a recent winning streak to four trading sessions.
Following the dramatic rise last week, investors should watch for a follow-up day that could soon come today. The following day gives investors the green light to buy stocks that pass the right buy points. But do not be too aggressive, not all succeeding days are successful.
Dow Jones Stocks: Apple Stocks Lead
Among the Dow Jones Stocks belonged to Apple (AAPL) stocks with a 1% performance early Monday. Nevertheless, the iPhone maker is still more than 30% below its 52-week high.
In the meantime, Boeing (BA) rose 2% as he neared his 50-day line, a potential drag. Equities are about 18% below their highs as a new base may take shape.
IBD 50 Shares to Consider: Atlassian Stages Breakout
Leading growth stocks included the software warehouse Atlassian (TEAM) a breakthrough in the morning trade. The upper value rose more than 2% and rose over a cup with 89.92 points. Are you looking for a sharp increase in daily volume to indicate that institutions are moving quickly into the stock? The relative strength is at a new high. Despite the bullish price action, investors should be cautious given the stock market's current market status.
Meanwhile, Leaderboard Supervisor Broadcom (AVGO) is about to form a first-tier base formation. Equities rose 1% in early trading, continuing a winning streak on four trading sessions.
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