Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally finished last week little changed amid earnings from Apple stock, Tesla (TSLA) and hundreds more. It was a tough week for buying stocks.
But it was a constructive week for many stocks. Apple (AAPL), Nvidia (NVDA), Idexx Labs (IDXX) and Tesla stock retreated last week, but may come out the better for it. Cloudflare (NET) did post a weekly gain, but had a healthy pullback later in the week.
Apple stock and Tesla had earnings last week, while Idexx and NET stock are on tap this coming week. Nvidia earnings aren’t for a few more weeks.
Meanwhile, Tesla rival Nio (NIO) reported April sales on Saturday. Xpeng Motors (XPEV), Li Auto (LI), Byd Co. (BYDDF) are expect to release April sales in the next few days. These EV startups face increasing competition from Tesla, one another and traditional automakers such as Volkswagen (VWAGY), as well as the chip shortage crippling automakers worldwide. It’ll also be interesting to see if Tesla suffers lost sales from customer complaints, widely discussed by state media in recent weeks.
Dow Jones Futures Today
Dow Jones futures will open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.
Coronavirus cases worldwide reached 152.11 million. Covid-19 deaths topped 3.19 million.
Coronavirus cases in the U.S. have hit 33.10 million, with deaths above 590,000.
Stock Market Rally
The stock market rally started last week strong and ended on a low note, but ultimately didn’t move that much.
The Dow Jones Industrial Average sank 0.5% in last week’s stock market trading. The S&P 500 index edged up 0.1%. The Nasdaq composite and Russell 2000 retreated 0.4%.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) fell 0.15%, including a 3.3% drop from Tuesday’s intraday high. The Innovator IBD Breakout Opportunities ETF (BOUT) retreated 1.35%. The iShares Expanded Tech-Software Sector ETF (IGV) retreated 1.9%. The VanEck Vectors Semiconductor ETF (SMH) tumbled 2.5%.
Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) retreated 2.4% and ARK Genomics ETF (ARKG) 0.8%. But that was after both ARK ETFs jumped more than 3% on Monday, making short-lived moves above their 50-day…
Go to the news source: Dow Jones Futures: Apple, Tesla, Nvidia Have Constructive Shakeouts; Nio Reports…