After the jobs news on Friday, Dow Jones futures declined on Monday morning. After the business dropped pricing once more for its vehicles in the U.S. on Friday, Tesla shares fell more than 2%. Although PC shipments dropped by 40% in the first quarter, Apple stock also declined.
Employers added 236k jobs in March, slightly undershooting Wall Street’s projection of 240k on Friday. The average hourly wage increased by 0.3% during the course of the month, as predicted. 4.2% annual salary increase surpassed the forecast of 4.3%. Compared to forecasts of 3.6%, the jobless rate decreased to 3.5%. To 62.6%, the employment rate slightly increased.
In terms of the economy, this week’s CPI and PPI releases will be accompanied by mid-week inflation statistics. On Friday, US retail sales are due. Tesla (TSLA), a giant in the electric vehicle industry, dropped 2.5% on Monday morning. Prior to today’s market opening, the two Dow Jones tech behemoths Apple (AAPL) and Microsoft (MSFT) were down.
Given the market’s sustained performance, the top stocks to buy and watch are IBD Leaderboard Stocks axon Pursue (axon), service now (Now), and Visas (V), as well as Dow Jones Stocks Boeing (BA), Cisco Systems (CSCO), and Nike (NKE).
Last week’s Stocks Approaching A Buy Zone post included a discussion of Boeing. Recent IBD Stock Of The Day topics included Axon, Microsoft, and Visa.
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