Dow Jones Futures Fall: Are Tech Stocks Back? 3 Tech Giants Lead Stock Market Rally – Investor’s Business Daily
Dow Jones futures, along with S&P 500 futures, fell early Tuesday, while tech futures turned higher, as Treasury yields eased from recent highs. Tesla stock, Applied Materials and Nvidia led the stock market rally Monday.
On Monday, the Dow Jones Industrial Average advanced 0.3%. The S&P 500 rose 0.7%, while the tech-heavy Nasdaq composite outperformed, rising 1.2% even after slashing gains.
Among the Dow Jones leaders, Apple (AAPL) rose 2.8% Monday, while Microsoft (MSFT) moved up 2.45% in today’s stock market. Boeing (BA) is back in buy range following a recent breakout, while Nike (NKE) gained back a portion of Friday’s tumble.
Tesla (TSLA) surged as much as 6.8% Monday after a big price-target hike at ARK Invest before cutting gains.
Among the top stocks to watch, chip leaders Applied Materials (AMAT), ASML (ASML), MKS Instruments (MKSI), Nvidia (NVDA) and Qorvo (QRVO) are in or near buy zones in the current stock market rally.
Meanwhile, Alphabet (GOOGL), and Wayfair (W) are also approaching new buy points. Alphabet was featured in this week’s Stocks Near A Buy Zone column, while Wayfair was Monday’s IBD 50 Stocks To Watch pick.
Alphabet, Microsoft and Nvidia are IBD Leaderboard stocks. MKS Instruments was Tuesday’s IBD Stock Of The Day.
Dow Jones Today: Treasury Yields
Ahead of the stock market open Tuesday, Dow Jones futures fell 0.4% vs. fair value, while S&P 500 futures lost 0.3%. Nasdaq 100 futures moved up 0.1%. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
U.S. Stock Market Today Overview