Dow Jones Futures Rally 200 Points As IBM Jumps On Earnings Beat; Netflix Earnings On Tap – Investor’s Business Daily
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher Tuesday morning following Monday’s stock market sell-off on rising Covid-19 fears. Tech giant Netflix is set to report earnings late Tuesday.
On Monday, the Dow Jones Industrial Average plunged 2.1%, or 725 points. The S&P 500 sold off 1.6%, while the Nasdaq dropped 1.1%.
Among the Dow Jones leaders, Apple (AAPL) tumbled 2.7% Monday, while Microsoft (MSFT) moved down 1.3% in today’s stock market. Coca-Cola (KO) and McDonald’s (MCD) are near buy points. IBM (IBM) beat earnings estimates after the close.
Tesla (TSLA) reversed from sharp losses, as it again tests its key support levels. Netflix (NFLX) snapped a two-day losing streak ahead of Tuesday’s earnings results.
Among the top stocks to buy and watch, Advanced Micro Devices (AMD), BioNTech (BNTX) and AutoNation (AN) are in or near buy zones.
Microsoft and Tesla are IBD Leaderboard stocks. BioNTech is an IBD SwingTrader stock. AMD was featured in this week’s Stocks Near A Buy Zone column, while AutoNation was Monday’s IBD Stock Of The Day.
Dow Jones Futures Today: Covid-19 Fears
Ahead of the stock market open Tuesday, Dow Jones futures rallied 0.7%, or 230 points, while S&P 500 futures moved up 0.6% vs. fair value. Nasdaq 100 futures rallied 0.4% vs. fair value. 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
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