The Dow Jones Industrial Average and other major indexes traded higher Friday, as Wall Street cheered a better-than-expected November jobs report. An early earnings winner on the stock market today was Lululemon Athletica.
After the opening bell, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 gained 0.4%. The tech-heavy Nasdaq composite rose 0.7% in morning trades.
Early Friday, the 10-year Treasury yield edged lower to 4.15%. Oil prices dropped, as West Texas Intermediate futures traded around $67.50 per barrel.
Among exchange traded funds, the Invesco QQQ Trust rose 0.7%, while the SPDR S&P 500 ETF moved up 0.4% after the open.
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Stock Market Today: Jobs Report
Lululemon soared more than 16% in morning trading after the retailer reported better-than-expected results for the third quarter and lifted its full-year forecast.
Other key earnings movers Friday morning include Argan, DocuSign, GitLab, Samsara, Ulta Beauty and Veeva Systems.
Argan stock jumped nearly 7%, while DocuSign shares surged more than 15%. GitLab stock jumped 7%, breaking out past a 68.69 cup-with-handle entry. Samsara dived 4%. Finally, Ulta stock soared 10%, as Veeva shares rallied 10%.
The Labor Department's employment report showed that the U.S. economy added 227,000 jobs in November, above estimates for 200,000 jobs for the month and up from October's 12,000 increase. The unemployment rate ticked higher to 4.2%, from 4.1%, in line with Econoday estimates.
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Dow Jones Falls
On Thursday, the Dow Jones Industrial Average dropped nearly 0.6%, while the S&P 500 and the tech-heavy Nasdaq composite both dipped nearly 0.2%. Small caps sharply underperformed as the Russell 2000 index lost 1.3%.
Among the best companies to watch on the stock market today are Embraer, Taylor Morrison Home, TJX and Tradeweb Markets.
Dow Jones components making notable moves were Amazon.com, Apple, Microsoft and Travelers.
Apple featured in this Stocks Near A Buy Zone column.
Check out IBD MarketSurge's "Breaking Out Today" list for top growth stocks that are moving above correct buy points. Check for potential breakouts on the "Near Pivot" list. To find additional stock ideas, check IBD Stock Lists like IBD 50, Big Cap 20 and Stocks Near A Buy Zone.
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Dow Jones: Travelers Eyes Buy Point
Dow Jones leader Travelers is just below a 269.05 buy point in a cup-with-handle base, according to MarketSurge pattern recognition. Shares lost 0.3% Friday.
Outside the Dow Jones index, IBD Leaderboard stock Taylor Morrison is back at its 50-day line and below a 71.95 buy point amid recent losses. Shares fell 0.3% early Friday.
Embraer reclaimed a 37.30 flat-base entry after Thursday's rally. Shares gained 1% Friday morning.
Retailer TJX is above a 121.13 flat-base entry and in buy range following strong gains. TJX stock fell 0.5% in early Friday trading.
Finally, Tradeweb closed Thursday right at a 136.13 entry in a flat base. Tradeweb stock gained 0.9% in morning action Friday.
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Stock Market Today: Companies To Watch
These are four stocks in or near buy zones in today's stock market, including a Dow Jones leader.
| Company Name | Symbol | Correct Buy Point | Type Of Buy Point |
|---|---|---|---|
| Tradeweb | 136.13 | Flat base | |
| Sherwin-Williams | 392.57 | Flat base | |
| Broadcom | 186.42 | Consolidation | |
| TJX | 121.13 | Flat base |
Source: IBD Data as of Nov. 26
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Magnificent Seven Stocks: Alphabet, Meta, Tesla
Among Magnificent Seven stocks, Alphabet gained 0.8% after the opening bell. Shares had plunged below their 50-day line in recent weeks, but are now rebounding.
Meta Platforms is breaking out past a flat base's 602.95 entry and in buy range. Shares moved up 1.3% Friday.
Tesla rallied 1% Friday, looking to add to Thursday's rally and reach new highs.
Dow Jones Leaders: Amazon, Apple, Microsoft, Nvidia
Among Dow Jones components in the Magnificent Seven, Amazon stock rallied sharply in recent sessions, decisively retaking a 201.20 buy point and hitting new highs. It added 1.5% in early trading Friday.
Shares of Apple are breaking out above a flat base's 237.49 entry. The stock was up a fraction Friday morning.
Microsoft shares climbed 0.6% Friday morning. The stock closed Wednesday at its highest level since late July.
Nvidia stock gained 0.2% Friday, with the artificial intelligence titan rebounding from the 50-day moving average line. That placed Nvidia stock in a new buy area as shares approach new highs.
Be sure to follow Scott Lehtonen on X at @IBD_SLehtonen for more on growth stocks, the Dow Jones Industrial Average and the stock market today.
