Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher early Tuesday ahead of this week’s Fed meeting. Tesla stock slid despite strong earnings and sales results after the close Monday.
On Monday, the tech-heavy Nasdaq composite advanced 0.9%. The S&P 500 moved up 0.2% to hit a new high, while the Dow Jones Industrial Average traded down 0.2%.
Among the Dow Jones leaders, Apple (AAPL) rose 0.3% Monday, while Microsoft (MSFT) edged higher in today’s stock market. Disney (DIS) is approaching a new buy point, but remains below a critical level.
Tesla (TSLA) rallied more than 1% Monday ahead of the company’s earning results after the close. Late Monday, Tesla earnings beat the Street’s estimates, but shares slid in premarket trade Tuesday. Meanwhile, hot IPO stock Coinbase Global (COIN) rallied 4.4% amid the resurgent price of Bitcoin.
Among the top stocks to buy and watch, Generac (GNRC), Nvidia (NVDA) and PayPal (PYPL) are in or near buy zones.
Generac and Microsoft are IBD Leaderboard stocks. Nvidia and PayPal were featured in this week’s Stocks Near A Buy Zone column.
Dow Jones Futures Today: Fed Meeting
Ahead of the stock market open Tuesday, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures were slightly higher 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