Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were lower early Tuesday following Monday’s record highs. Tesla stock surged on strong deliveries, while tech giants Alphabet, Facebook and Microsoft are in new buy zones.
On Monday, the tech-heavy Nasdaq composite advanced 1.7%. The S&P 500 moved up 1.4%, while the Dow Jones Industrial Average traded up 1.1%.
Among the Dow Jones leaders, Apple (AAPL) rallied 2.4% Monday, while Microsoft (MSFT) raced 2.8% higher in today’s stock market. Boeing (BA) moved out of buy range following last week’s bullish move.
Tesla (TSLA) surged 4.4% Monday after the company reported strong deliveries. FANG leaders Alphabet (GOOGL) and Facebook (FB) broke out past new buy points Monday.
Among the top stocks to watch, chip leaders Nvidia (NVDA) and Qorvo (QRVO) are in or near buy zones.
Alphabet, Boeing and Microsoft are IBD Leaderboard stocks. Nvidia and Qorvo were featured in this week’s Stocks Near A Buy Zone column. Alphabet and Microsoft were discussed in Monday’s IBD Live show.
Dow Jones Futures Today
Ahead of the stock market open Tuesday, Dow Jones futures lost 0.1% vs. fair value, while S&P 500 futures moved down 0.15%. Nasdaq 100 futures lost 0.1% 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.