Dow Jones Dives 480 Points As Investors Fear Fed Rate Hikes Into 2023 - Investor's Business Daily

Dow Jones futures were higher ahead of Tuesday's open after the Dow Jones Industrial Average sold off more than 480 points Monday.

The stock market headed south Monday, as stronger-than-expected economic data sparked fears that the Federal Reserve will continue to aggressively raise interest rates into next year due to a strong labor market.

On Monday, the Dow Jones Industrial Average lost 1.4%, or 482 points, and the S&P 500 dropped 1.8%.

Among Dow Jones stocks, Apple (AAPL) declined 0.8% and Microsoft (MSFT) dropped 1.2% in today's stock market.

Celsius (CELH), Chubb (CB), Dexcom (DXCM) and KLA (KLAC)— as well as Dow Jones names Caterpillar (CAT), Chevron (CVX) and Home Depot (HD) — are among the top stocks to buy and watch.

Celsius was a recent IBD 50 Stocks To Watch pick and a New America stock.

4 Top Growth Stocks To Buy And Watch In The Current Stock Market Rally.

Now is an important time to read IBD's The Big Picture column with the stock market trend back in a "confirmed uptrend.".

Five Dow Jones Stocks To Buy And Watch Now.

CAT stock fell 1.5% Monday.

Energy giant Chevron fell 2.5% Monday, falling further below its 182.50 buy point in a consolidation base.

The RS line continues to hold right at new highs, a sign of stock market leadership.

Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live.

Among Dow Jones stocks, Apple shares declined 0.8% Monday, but are still holding above their 50-day line.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

Top Growth Stocks To Buy And Watch.

Tesla stock fell on reports of Shanghai production cuts

Tesla stock fell on reports of Shanghai production cuts

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