The Dow Jones Industrial Average briefly dropped 280 points Monday, as data showed a slowdown in China’s economy. Tesla stock skidded after the National Highway Safety Administration opened a formal investigation into Tesla’s Autopilot system.
Among Dow Jones leaders, Apple (AAPL) sold off 1.5% before paring losses Monday, while Microsoft (MSFT) moved down 0.4% in today’s stock market. Home Depot (HD) is just below a new buy point, while Disney (DIS) is trying to break out past an entry.
Tesla (TSLA) looked to compound Friday’s 0.7% loss, skidding over 5% Monday morning. The EV giant dropped below a recent buy point.
Among the top stocks to buy and watch, Nvidia (NVDA), RH (RH) and Shopify (SHOP) are in or near new buy zones.
Nvidia, Microsoft and Tesla are IBD Leaderboard stocks. Apple is an IBD SwingTrader stock.
Dow Jones Today: Chinese Economy Slows
The Dow Jones Industrial Average lost