Dow Jones Falls 200 Points Ahead Of Key Inflation Data; 6 Top Stocks To Buy And Watch

Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average snapped a two-day win streak Monday. Six top stocks to buy and watch include hot IPO stock Mobileye (MBLY).


Early Tuesday, the producer price index (PPI) is due out at 8:30 a.m. ET. The PPI is expected to rise 0.5% in October vs. the previous month. And wholesale inflation is expected to jump 8.3% from a year ago.

Third-quarter earnings season continues this week, with key reports coming from Dow Jones stocks Cisco Systems (CSCO), Home Depot (HD) and Walmart (WMT), along with Applied Materials (AMAT), Kohl’s (KSS), Lowe’s (LOW), Macy’s (M), Nvidia (NVDA), Palo Alto Networks (PANW) and Target (TGT).

Stock Market Today

On Monday, the Dow Jones Industrial Average lost 0.6%, or 211 points, and the S&P 500 dropped 0.9%. The tech-heavy Nasdaq composite sold off 1.1%.

Among exchange traded funds, Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved down 0.9% and the SPDR S&P 500 (SPY) fell 0.8%.

Electric vehicle giant Tesla (TSLA) declined 2.6% Monday. Among Dow Jones stocks, Apple (AAPL) traded down 0.4% and Microsoft (MSFT) lost 2.25% in today’s stock market.

Among the top stocks to buy and watch, IBD Leaderboard stock Arista Networks (ANET), IBD SwingTrader stock General Motors (GM), GlobalFoundries (GFS), Mobileye and Phillips 66 (PSX) — as well as Dow Jones name Caterpillar (CAT) — are among the top stocks to buy and watch.

Arista Networks is an IBD Leaderboard watchlist stock and was also featured in last week’s Stocks Near A Buy Zone column, along with three other top stock ideas. General Motors is an IBD SwingTrader stock. And Mobileye was last week’s featured IPO Leader.

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

Dow Jones Futures Today: Treasury Yields, Oil Prices

Ahead of Tuesday’s opening bell, Dow Jones futures rose 0.3% vs. fair value, while S&P 500 futures moved up 0.4%. Tech-heavy Nasdaq 100 futures were up 0.5% vs. fair value. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate…


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