Dow Jones Surges As Biden Picks Powell; Tesla Races Higher On Elon Musk Tweet

The Dow Jones Industrial Average surged 300 points Monday, as President Biden picked Jerome Powell as Fed Chairman for a second term. Meanwhile, Tesla stock rallied nearly 5% early Monday after Chief Executive Elon Musk tweeted that the Model S Plaid could reach China “around March.”

Among the Dow Jones leaders, Apple (AAPL) rose nearly 3% Monday, while Microsoft (MSFT) moved up 1.3% in today’s stock market. Nike (NKE) is back above a new buy point after a recent breakout attempt.

Electric-vehicle leader Tesla (TSLA) gained almost 5% Monday. EV peer Rivian (RIVN) dropped about 4%, while Lucid Motors (LCID) was up more than 1%. Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) are near buy points.

Among the top stocks to buy and watch, Alphabet (GOOGL), Amazon (AMZN), Apple and Shopify (SHOP) are in new buy…

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