Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were squarely lower early Tuesday after Monday’s brief intraday stock market plunge. Apple and Tesla stock surged to record highs Monday, while Dow Jones leader Microsoft is breaking out past a new buy point.
The stock market plunged midday Monday, only to spend the rest of the session recovering amid a sharp increase of volatility. At the stock market open, the tech-heavy Nasdaq composite advanced as much as 1.4% to record highs. Then, the composite quickly erased its gains and sold off 1.3% before eventually closing with a 0.7% gain. The Dow Jones Industrial Average edged just 0.1% lower, or 36 points, while the S&P 500 rallied 0.4%.
Among the Dow Jones leaders, Apple (AAPL) rallied nearly 3%, while Microsoft (MSFT) rose 1.6%. Apple stock is in a new buy zone, while Microsoft broke out above a new buy point. Microsoft earnings are due late Tuesday.
Tesla (TSLA) set more all-time highs Monday, racing more than 4% higher.
Apple, Microsoft, Pinduoduo and Tesla are IBD Leaderboard stocks. Palantir was Friday’s IBD Stock Of The Day, while Microsoft and Datadog were featured in this week’s Stocks Near A Buy Zone. Datadog was also Monday’s IBD Stock Of The Day.
Dow Jones Futures Today
Early Tuesday, Dow Jones futures fell 0.6% vs. fair value, while S&P 500 futures lost 0.6%. Nasdaq 100 futures traded down 0.65% 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
Last Update: 4:26 PM ET 1/25/2021
According to the Worldometer data tracker, the cumulative number of confirmed coronavirus cases in the U.S. topped 25.7 million on Monday. Total virus-related deaths rose past 429,000.
The cumulative total of worldwide Covid-19 cases confirmed since the start of the outbreak topped 99.9 million Monday, with more than 2.1 million virus-related deaths.
Coronavirus Stock Market Rally
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Friday’s Big Picture warned of extreme bullish sentiment,…
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