May 12, 2021 1 min, 54 secs

The Dow industrials drilled 200 points lower at the open, down 0.6% and seriously testing support at its 21-day moving average.

The Nasdaq Composite slumped 1.2% on the stock market today, with Lam Research (LRCX) and Zoom Video (ZM) diving to the bottom of the Nasdaq 100.

Citigroup (C) also traded high on the S&P 500, up 0.9% with bank stocks moving up alongside rising bond yields.

Energy stocks in general rallied as oil prices climbed above $66 a barrel.

Consumer prices jumped more than expected in April, with the Labor Department reporting its Consumer Price Index surged 0.8% for the month, and 4.2% on a year-over-year basis.

Minus food and energy, prices jumped 0.9%, vs.

Fast-rising prices for everything from corn to iron ore and copper to oil and gold — along with strengthening bond yields — have fueled broad concerns for a rising battle with inflation.

China-based stocks faded from early gains, which were fed by Hong Kong's benchmark Hang Seng Index rebounding after taking a steep dive on Tuesday.

China-based 360 Digital (QFIN) led the IBD 50 list in early trade, rising 3.8% as the stock attempts to stem a three-week slide.

Retail gas prices had jumped 6 cents a gallon vs.

Prices briefly jumped above $2.21 a gallon on Monday, their highest mark since May 2018.

West Texas Intermediate oil prices gained, rising 1.2% Wednesday to above $66 a barrel — narrowly below the $66.76 high from last week, and nearing the 33-month high of $67.98, recorded on March 8.

IBD 50 Growth Stocks To Watch Right Now.

The 10-year yield jumped back above its 50-day moving average on Tuesday, following its longest period — five days — below that level of support since August.

The Dow Jones today opens sitting neatly at its 21-day line, a level of support it has maintained since a brief drop to test 50-day support in early March.

Lumber Prices, Stocks Soar — But Can The Industry Manage The Windfall.

Best Growth Stocks To Buy And Watch.

The 21-Day Exponential Moving Average: Your New Edge.

Apple and Microsoft are among the best Dow Jones stocks to buy and watch in May 2021.

Apple and Microsoft are among the best Dow Jones stocks..

Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20

Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content

1. Why Bernie’s not sweating White House infrastructure dance with GOP - POLITICO
Jun 13, 2021 # politics 2 mins, 8 secs
2. 'Love, Victor' Recap: Season 2, Episode 1 — Premiere on Hulu - TVLine
Jun 11, 2021 # entertainment 2 mins, 19 secs
3. Biden to designate Pulse nightclub as national memorial, renews gun control calls on mass shooting anniversary - Fox News
Jun 12, 2021 # politics 35 secs
4. NASA's Perseverance rover begins 1st science campaign on Mars -
Jun 10, 2021 # science 1 min, 12 secs
5. This One Sleep Habit Is an Early Predictor of Cognitive Decline, Says Study | Eat This Not That - Eat This, Not That
Jun 10, 2021 # health 1 min, 9 secs
6. Bindi Irwin Shares Twinning Photos of Daughter Grace and Herself as a Baby: 'Like Mama Like Daughter' - Yahoo Entertainment
Jun 12, 2021 # entertainment 31 secs
7. The best features of iOS, iPadOS, and macOS that Apple didn’t announce onstage - The Verge
Jun 10, 2021 # politics 45 secs
8. Lin-Manuel Miranda will sleep when he's dead, so here's the trailer for his tick, tick, BOOM! film adaptation - The A.V. Club
Jun 10, 2021 # entertainment 18 secs
9. Disney Springs Resort Area Hotels Offering Limited Time "Magic is Here" Discounted Rates -
Jun 12, 2021 # entertainment 10 secs
10. Beyoncé Shares Sweet Message to Twins Rumi and Sir on Their Fourth Birthday - Entertainment Tonight
Jun 14, 2021 # entertainment 36 secs
11. Astronomers discover largest known spinning structures in the universe -
Jun 14, 2021 # science 55 secs
12. Critical Race Theory: These states are already cracking down on the controversial concept - Fox News
Jun 13, 2021 # politics 1 min, 36 secs
13. Common Cold Can Protect Against Infection by COVID-19 Virus - SciTechDaily
Jun 15, 2021 # health 1 min, 33 secs
14. (#MMAStreams!) UFC 263: Live Streaming Free on Reddit, Twitch & Crackstreams -
Jun 12, 2021 # politics 1 min, 40 secs
15. Police identify cashier killed in mask argument at DeKalb supermarket - WSB Atlanta
Jun 15, 2021 # politics 34 secs
16. China has created a 'dystopian hellscape' in Xinjiang, Amnesty report says - BBC News
Jun 10, 2021 # politics 2 mins, 20 secs


Get monthly updates and free resources.


© Copyright 2021 365NEWSX - All RIGHTS RESERVED