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Stock Market Today: Dow Jones Drops Amid A Stock Market Rebound; Tesla, Netflix, Spotify Jump On Analyst Upgrades

The stock market opened mix on Monday morning. Here’s what you need to know.

Stock Market Today Mid-Morning Updates

On Monday, the Dow Jones Industrial average dropped by 140 points after Friday’s strong stock market rebound. This comes following news Monday morning of big tech names like Tesla (NASDAQ: TSLA), Netflix (NASDAQ: NFLX), and Spotify (NYSE: SPOT) all received analyst upgrades.

Among the Dow Jones leaders, shares of Apple (NASDAQ: AAPL) gained 1.31% today while Microsoft (NASDAQ: MSFT) is up by 0.62%. Furthermore, top Dow Jones stocks to watch like American Express (NYSE: AXP) and Chevron (NYSE: CVX) ticked lower during Monday morning’s trading session.

Shares of electric vehicle (EV) leader Tesla (NASDAQ: TSLA) are up by over 6% during Monday morning’s trading session. This surge comes from news this morning that the EV maker has received an analyst upgrade by Credit Suisse (NYSE: CS), which also saw a bump in share price Monday morning up 1.40%.

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Dow Jones Today: Stock Market Looking To Rebound

Following the stock market opening on Monday, the markets opened mix. The Dow Jones dropped 0.4%, while the S&P 500, and Nasdaq are trading higher off the open. Among exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (NASDAQ: QQQ) is up 1.56% on Monday, while the SPDR S&P 500 ETF (NYSEARCA: SPY) is also seeing gains of 0.57%.

The 10-year Treasury inched higher to above 1.8% on Monday morning after closing just above 1.8% yesterday. This past Friday, the 10-year Treasury yield dropped for the second consecutive day, closing right over 1.78%. Moving on, oil prices have increased again, driving West Texas Intermediate higher by 0.9%, at a level hovering near $88 a barrel. This would the highest levels we’ve seen in the last seven years.

Tesla Stock Surges On Upgrade

During Monday morning’s trading session, shares of TSLA stock moved higher by over 6%. This surge comes after the electric vehicle market leader was upgraded by Credit Suisse analyst Dan Levy as he changed his perspective to bullish, stating the recent selloff has created “attractive” levels for investors who are looking for an opportunity to buy. He also commented that Tesla’s fundamentals remain “highly favorable.”

Just last week, TSLA stock reached its lowest levels since October 11. Shares of Tesla stock traded as high as $1,243 on November 4th, 2021, despite closing Friday’s trading session nearly 32% off it’s 52-week high.

Source: TD Ameritrade TOS

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Spotify & Netflix Jump On Analyst Upgrades 

During Monday morning’s trading session, shares of streaming giants Netflix, and Spotify jump over 7%, and 10% as of 10:13 a.m ET Monday morning. These surges come after Citigroup Inc. (NYSE: C) upgraded both stocks from neutral to buy.

Also, Edward Jones gave NFLX an upgrade from hold to buy. NFLX stock closed Friday’s trading session roughly 45% off it’s 52-week high. As well as shares of SPOT stock are nearly 55% from their previous highs.


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By Brandon Michael

Brandon Michael is a financial specialist and financial contributor to the stock market. He enjoys writing about rising stocks and how the market changes over time. He specializes in multimedia and events, as well as social media management and media contributing. He has managed and marketed hundreds of events, as well as grown social media pages upwards of 200,000 followers and everything in between. As an active social media influencer in the car community, he understands how to recognize trends and curate content for niches. From an early age, Brandon was fascinated by the power of social media and how it built companies and careers for many. Over time he has developed many different strategies for different platforms on how to grow different kinds of pages. In addition to social media skills, he is passionate about events, it is second nature to him to promote them and make sure that everything is executing perfectly. This has allowed him to partner with some of the largest companies in the industry to run events for hundreds of thousands of people. Brandon has written many articles for many notable top websites for the last 3 years. His focus in his writing is generally rising stocks and emerging trends in the stock market, as well as bringing companies with market potential to the frontlines of the media. It is easy for him to identify trends and do extensive research to make sure he’s providing the most accurate research possible. In his free time, he continues to improve his research skills and financial knowledge to continue providing the best work possible.

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