Dow Jones futures turned higher early Tuesday, as the stock market weakness continued after the Dow 30 found resistance at a key benchmark. Tesla stock rallied on strong China sales data Tuesday.
On Monday, the Dow Jones Industrial Average slid 0.7%. The S&P 500 also declined 0.7%, while the Nasdaq dropped 0.6% to end the session at day lows.
Among the Dow Jones leaders, Apple (AAPL) lost just 0.1%, while Microsoft (MSFT) moved down 0.2% in today’s stock market. American Express (AXP), Merck (MRK) and Salesforce.com (CRM) eyed new buy points in the current stock market correction.
Tesla (TSLA) rallied nearly 1% Monday, moving further above the stock’s latest buy point. The EV giant’s China sales for September were released early Tuesday.
Among the top stocks to watch, Advanced Micro Devices (AMD), Netflix (NFLX) and Palo Alto Networks (PANW) are in or near new buy zones, although the market, for now, remains in a correction.
Advanced Micro Devices, Microsoft and Tesla are IBD Leaderboard stocks. Palo Alto Networks is an IBD SwingTrader stock. Microsoft and Salesforce featured in this week’s Stocks Near A Buy Zone column.
Dow Jones Futures Today
Ahead of the stock market open Tuesday, Dow Jones futures moved up 0.1% vs. fair value, while S&P 500 futures rallied 0.15%. Nasdaq 100 futures gained 0.3% 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