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Home / Business / Dow Jones Today: Stocks Drop Due to Doubt on Chinese Trading; Chips, China Names Gain, Boeing shares rise to 737 deal

Dow Jones Today: Stocks Drop Due to Doubt on Chinese Trading; Chips, China Names Gain, Boeing shares rise to 737 deal



Equities slipped early on Monday as reports of trade pessimism in China weighed on the market. Chip makers came under pressure, China's name rose early. UnitedHealth Group (UNH) rose to the top of the Dow Jones today.




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The Nasdaq slipped 0.3%, while the S & P 500 saw a 0.2% fall today. The Dow Jones Industrials fought for a fraction of the profit.

UnitedHealth supported the Dow by 2.7% after raising SunTrust's price target.

Boeing (BA) was 0.6% plus Dow after the Turkish airline SunExpress had exercised an option on 10 new 737 Max Jetliners worth $ 1.2 billion. The Boeing share is approaching a point of purchase. [194559004] Caterpillar (CAT) and Johnson & Johnson (JNJ) were among the few Dow Jones stocks to lose more than 1%. [19659004] Coty (COTY) rose more than 4% at the top of the S & P 500. The cosmetics market leader agreed to buy 51% of Kylie Jenner's beauty company for 600 million US dollars.

China's shares showed a slight strength following strong trading on Monday in Hong Kong and Shanghai. Tencent Holding (TCEHY) rose 2.7%. Streaming Content Platform Iqiyi (IQ) posted an increase of 1.3%. JD.com (JD) rose 0.6%.

Chipmakers came under pressure, as Cree (CREE) fell 3% and VanEck Vectors Semiconductor ETF ] SMH fell 0.4%. IBD Leaderboard Share Advanced Micro Devices (AMD) gained 1.2% against this crop after RBC Capital raised its price target for the stock from 44 to 50 InMode ( INMD) rose more than 3% and topped the list of IBD 50. The Israel-based manufacturer of radiofrequency-based surgical devices rose more than 22% last week and ended Friday's session by 253% over the IPO price in August.

Prepare for the week's market action by reading The IBD Investment Action Plan .

Chinese Officials Wait

Reports of progress in weekend trade negotiations gave Modnay priority over reports from CNBC that China's sentiment had become doubtful. China officials were reportedly concerned about President Donald Trump's comments on possible tariffs. The Chinese are following closely the US impeachment and election developments. "Officials wonder if it's more reasonable to wait," CNBC said.

The market is now less than a month after the deadline of 15 December for the increase in tariffs in China promised by President Donald Trump. A new round of 15% duty on $ 156 billion of Chinese imports is still technically in effect if no agreement is reached by 15 December. This round would affect mobile phones, toys, clothing and other consumer goods. The price increases of the trade war have so far been spared.

A ban on chip companies supplying Chinese telecommunications giant Huawei expires on Monday. However, it is widely expected that the Trump Administration will be subcontracted to suppliers Intel (INTC), Qualcomm (QCOM), Broadcom (AVGO), granted a two-week extension. and Xilinx (XLNX).

Boeing Stock near Buy Points

Boeing hovered higher early Monday and looked as though it would not pause after a strong 5.9% rise last week. The Dubai Air Show started on Sunday, although the first day of the trial was considered disappointing. Boeing ordered two 787-9 Dreamliners for Biman Bangladesh Airlines on Sunday. She announced the SunExpress order for 10 737 Max Jetliners on Monday.

The Boeing share, which was hit hard by the global laying of the foundation stone of its 737 Max-Jetliner flagship fleet in March, posted an increase of 16% over the course of the year to Friday. It is still trading almost 17% below its March high. Within this consolidation, the stock has formed a cup basis with a point of purchase of 391.10. Shares are less than 5% below this point of purchase.

Walt Disney (DIS) will also be watching this week, following a 4.9% uplift in the streaming entertainment service following the launch of its Disney + last week. The Disney stock closed on Wednesday and Thursday for a short time a buying point of 147.25, before falling back below it on Friday. Shares rose 0.8% early Monday.

Dow Jones Today: A New Deal

Dow Jones' pre-IPO session signaled a positive start today after the index rose in nine of eleven sessions and reached a new high Friday. Friday's profit has exceeded the barrier of 28,000. It also showed that the Dow had found a new gear – one that could carry it significantly beyond the high of January 2018, which marked the beginning of the trade war in China and slowed the market for 22 months.

The Dow ended Friday 5.2% above this high. Slightly more than mid-November, Dow Jones's industrials rose 3.5% over the month. As a result, the index is within striking distance of its average five-year gain of 8.3% in November.

The Nasdaq has so far seen a plus of 3% in November. The S & P 500 has increased by 2.7%.

The stock market is in a confirmed uptrend, but is still subject to China's trading news and the sector's rotation continues to cloud water. Department stores saw the largest growth among the industries last week. The recreational film group driven by Roku (ROKU) was the next in line in the last eight weeks.

The car manufacturers overtook all industries, with Tesla (TSLA) scoring an outbreak and Toyota (TM) has been breaking new ground for the first time since 2015.

China, Japan Jump; European Crisis

Markets across Asia moved higher on Monday, fueled by comments from the Chinese Ministry of Commerce, which said US and Chinese negotiators had "constructive discussions" on Saturday.

Hong Kong's Hang Seng Index rebounded after rebounding 1.4% 4.8% fell last week as the city tackles the increasing violent exchange between police and protesters over democracy. The Shanghai Composite gained 0.6%. In Japan, the Tokyo Nikkei 225 gained 0.5%.

European markets lost ground in afternoon trading and the London FTSE 100 returned early to a slight decline. The Frankfurt DAX fell 0.7% while the CAC-40 fell 0.6% in Paris AS:

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