Dow Jones Futures: Analyzing Mixed Market Rally Signals; Amazon Earnings Lessons For 3 Key Stocks On Tap – Investor’s Business Daily

Dow Jones futures will open Sunday, along with S&P 500 futures and Nasdaq futures. The stock market rally offered some mixed signals last week. The major indexes fell slightly, but market internals improved somewhat while a number of leading stocks flashed buy signals.

X (AMZN) was a big loser Friday, offering some key earnings lessons for investors. Roku (ROKU), Square (SQ) and Datadog (DDOG) are trading around buy points. But with earnings on tap, investors have big decisions to make.

Meanwhile, STLD stock is in a buy zone, with Steel Dynamics (STLD) earnings in the rear window.

Roku stock is on the IBD 50. STLD stock was Thursday’s IBD Stock Of The Day.

The video embedded in this article analyzes Amazon stock, Roku and Steel Dynamics.

China’s Economy Cools

China’s official manufacturing index fell to 50.4 in July from 50.9 in June, the weakest reading since February 2020 and below views for 50.8. The export orders subindex fell further below the break-even 50 level. The nonmanufacturing index dipped 0.2 point to 53.3, in line with estimates.

The report comes amid high raw material costs and extreme weather in parts of the country. It also comes amid a China crackdown vs. many industries, notably for-profit schools as well as internet and other data-centric companies. That’s hit China stocks on the mainland, Hong Kong and in New York.

Dow Jones Futures Today

Dow Jones futures will open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

Coronavirus News

Coronavirus cases worldwide reached 198.84 million. Covid-19 deaths topped 4.23 million.

Coronavirus cases in the U.S. have hit 35.74 million, with deaths above 629,000.

New U.S. cases hit 99,470 on Friday, surging over the last few weeks and the highest since Feb. 12. …….