Dow Jones futures and S&P 500 futures were little changed Thursday morning while Nasdaq futures pointing down but paring losses, after earnings from Apple stock, Tesla (TSLA), Facebook (FB) and more. The stock market rally suffered significant losses Wednesday, with selling resuming after the latest Fed meeting. Leading stocks struggled once again.
Meanwhile, GameStop (GME) more than doubled once again on Wednesday, while AMC Entertainment (AMC) quadrupled as Reddit-led investors continue to rush into GME stock and other heavily shorted tickers. Express (EXPR) and Koss Corp. (KOSS) also had triple-digit gains.
GameStop, AMC stock, EXPR stock and KOSS stock recovered from sharp losses overnight as the Wallstreetbets Reddit chat room briefly went private. GME stock surged.
Apple earnings, Facebook earnings, ServiceNow earnings and Lam Research earnings all topped views. Tesla earnings fell short.
In overnight trade, Apple stock fell modestly after closing in range above a buy point. LRCX stock and FB stock edged lower. NOW stock rose in extended trade. Tesla stock retreated.
Dow Jones Futures Today
Dow Jones futures rose less than 0.1% vs. fair value. S&P 500 futures fell 0.1%. Nasdaq 100 futures slid 0.6%, but off their worst levels. Apple stock weighed on all the major indexes, with Facebook and TSLA stock hitting the S&P 500 and Nasdaq.
Coronavirus cases worldwide reached 101.52 million. Covid-19 deaths topped 2.18 million.
Coronavirus cases in the U.S. have hit 26.16 million, with deaths above 439,000.
Stock Market Rally
U.S. Stock Market Today Overview
Last Update: 4:04 PM ET 1/27/2021
The stock market rally suffered another retreat, with the major indexes down significantly, finishing close to their lows
Stocks rebounded from morning lows but resumed selling following the Fed meeting announcement. There was only a slight tweak in the Fed statement implying that coronavirus risk is less of a concern in the medium term as Covid cases fall and vaccinations pick up. Fed chief Jerome Powell largely sidestepped questions about whether asset prices are in a bubble, saying his focus is on restoring…
Go to the news source: Dow Jones Futures: After Stock Market Rally Sell-Off; Apple, Facebook, Tesla Fal…