Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were slightly higher late Monday, as the price of Bitcoin plunged before slashing losses. Apple stock is approaching a new buy point, while Nio surged to new highs. Tesla dived amid a potential climax top.
The stock market rally fell from record highs Monday amid moderate declines in the major stock indexes. The Dow Jones Industrial Average eased 0.3%, or 89 points, while the S&P 500 slid 0.7%. The tech-heavy Nasdaq composite declined 1.25%.
Among the Dow Jones leaders, Apple (AAPL) sold off 2.3%, while Microsoft (MSFT) lost 1%. Meanwhile, Amazon.com (AMZN), Facebook (FB) and Twitter (TWTR) all fell sharply. Amazon stock declined 2.15%. Facebook dropped 4% and Twitter tumbled 6.4%.
However, chip giants Advanced Micro Devices (AMD) and Nvidia (NVDA) advanced 2.8% and 2.6%, respectively. AMD hit a new high, while Nvidia is approaching a new buy point, according to IBD MarketSmith chart analysis.
Dow Jones Futures Today
Late Monday, Dow Jones futures, along with S&P 500 futures, were barely higher vs. fair value. 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
Last Update: 4:26 PM ET 1/11/2021
According to the Worldometer data tracker, the cumulative number of confirmed coronavirus cases in the U.S. topped 22.9 million on Monday. Total virus-related deaths rose past 383,000.
The cumulative total of worldwide Covid-19 cases confirmed since the start of the outbreak topped 90.9 million Monday, with more than 1.9 million virus-related deaths.
Coronavirus Stock Market Rally
Looking back at the current uptrend, November was a key month for the stock market. IBD’s The Big Picture flagged the new uptrend following the market’s bullish follow-through day on Nov. 4. Meanwhile, 2021 sees stocks just off their record highs.
Friday’s Big Picture commented, “The Nasdaq…
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