Dow Jones futures rise after tech stocks sell-off as Tesla shares drop; 3 drivers of delayed earnings

Dow Jones futures rise after tech stocks sell-off as Tesla shares drop;  3 drivers of delayed earnings

Dow Jones futures, along with S&P 500 and Nasdaq 100 futures, rose late Monday after technology stocks were sold off sharply. Bitcoin has retreated from all-time highs, while Tesla stock has fallen through a major support level.


On Monday, the tech-heavy Nasdaq Composite sold 2.5%, its worst day since January 27th. The S&P 500 is down 0.8%, while the Dow Jones Industrial Average is 0.1% higher.

between the Dow Jones leadersAnd the Apple, city, cat (AAPL) Slipped 3% while Microsoft (MSFTDown 2.7%. Apple stock is down more than the 10-week streak, while Microsoft is testing a recent buying point. Disney (Dis) Returned to range buying after Monday’s sharp gains.

Tesla (TSLA) It fell by 8.55% on Monday, breaking the 50 day support level.

Late Monday, Rhythm design systems (CDNS), Palo Alto Networks (Banu) And the ZoomInfo (dayEarnings results are reported.

Among the big stocks in or near the buy-in are hot IPO stocks Scholes Technologies (SHLS) Trying to bypass a new purchase point, while Trade office (TTDNew base continues.

Apple, Microsoft, Tesla, and ZoomInfo are Stock IBD Leaderboard. She was Shoals Technologies Today’s stocks are from IBD. Trade office Was featured In this week The stocks are near the buying area vertical.

Dow Jones futures today

After the stock market closed on Monday, the Dow Jones and Nasdaq 100 futures rose 0.1%, while the S&P 500 futures were up 0.2% against their fair value. Remember to trade in Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market Period.

Among the ETFs, Innovator IBD 50 (fiftyIt fell 2.9% on Monday. The Nasdaq 100 Invesco QQQ Trust ETFQQQDecreased 2.6%. Meanwhile, the SPDR S&P 500 ETF (spy) Lost 0.8%.

An overview of the US stock market today

index Code price Profit / loss % They change
Dow Jones (0DJIA) 31523.40 +29.08 +0.09
Standard & Poor’s 500 (0S & P5) 3876.51 -30.20 -0.77
Nasdaq (0NDQC ) 13533.05 -341.41 -2.46
Russell 2000 (etc.) 223.73 -1.46 -0.65
IBD 50 (fifty) 47.48 -1.42 -2.90
Last update: 4:28 PM ET 2/22/2021

The stock market rises

Given the current bullish trend, November has been a major month for the stock market. IBD’s The Big Picture Marking a new bullish trend after the day of bullish market follow-up on November 4th. Meanwhile, in mid-February, the Dow Jones Industrial Average, Nasdaq and S&P 500 Index all fell from record highs.

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The big picture for Monday He warned, “Just four trading sessions ago, the market capitalization-weighted Nasdaq index touched its highest level ever and closed above 14,000 for the third session in a row. But the fourth decline in the past five sessions has now reduced the general index so far to 5%.”

Focus on the arrows that appear Strong relative strength During the current weakness. They could be some of the market leaders if indices are able to revert to their record-setting methods.

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Bitcoin price

Bitcoin surpassed $ 57,000 on Saturday and $ 58,000 on Sunday before briefly falling below $ 48,000 on Monday morning. Bitcoin has rebounded, trading around $ 53,690 in overnight trade, according to CoinDesk.

Gray Scale Bitcoin Fund (GBTCThe ETF slid more than 4% on Monday, retreating from record highs.

Dow Jones Stocks: Disney

Dow Jones Disney is back in buying range after 183.50 Point purchase at Flat base, to me IBD Market Smith Graph analysis. Purchase space increases 5% to 192.68.

Disney shares advanced 4.5% on Monday.

Stocks in or near buying areas: Shallow Water, Trade Office

Friday’s stock from IBD, Shoals Technologies, trying to get past 41.86 Point purchase In tightness The primary offering, to me IBD Market Smith Graph analysis. Stocks briefly topped the buy point, before reversing lower by over 1%. Shares closed around 5% below the entry.

Shoals is IPD Leader. The company provides a range of equipment needed to run solar energy systems, according to The Shoals IPO. Moreover, it provides the components needed to transmit electrical currents from solar panels to solar inverters and ultimately to the power grid.

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The trade desk is trading around 13% away from 972.90 Point purchase at Cup Base Amid Monday’s drop of more than 6%.

On Friday, the stock jumped nearly 7% in the company’s heels Strong results in the fourth quarter. Profits and sales grew by 149% and 48% respectively compared to the same period last year.

to me Inventory check for IBDAnd the Trade office stock It shows 98 strong out of 99 ideal IBD compound classification. The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics.

The Trade Office is ranked No. 10 on IBD Big Cap 20.

Stock Market Earnings: Rhythm, Palo Alto, ZoomInfo

Rhythm Design Systems, Palo Alto Networks and IBD Leaderboard ZoomInfo stocks reported profits after the close on Monday.

The tempo slipped back to the 50-day line on Monday amid a 4.65% decline. After closing on Monday, I mentioned Rhythm Strong results in the fourth quarter. The company earned 83 cents per share from sales of $ 760 million in the December quarter. Analysts had expected Cadence to earn 74 cents a share from sales of $ 732 million.

Shares were up 5% in overnight trade.

Cybersecurity company Palo Alto Networks reported better-than-expected earnings and sales results in the second quarter of its fiscal year, but the company’s earnings forecast range fell short of consensus. Palo Alto stock trimmed its losses to around 2% in overnight trading.

Shares closed in a long range on Monday, snipping 375.10 long in a flat base.

ZoomInfo fell 6.25% on Monday, closing below the 53.18 entry level at the base of the cup. After the close on Monday, ZoomInfo jumped 10% on strong fourth-quarter results and better-than-expected first-quarter sales guidance.

According to Leaderboard’s comment, “ZoomInfo broke out in a short while on February 1st. But it topped an alternative entry that leaves stocks in the buying range. The stock has become more volatile, which is a risk.”

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Support for Tesla stock breaks

IBD Leaderboard Tesla stock fell 8.55% on Monday, beating its major 50-day moving average. Stocks fell below a critical support level for the first time since the November 18 breakout above 466 buy points.

On Sunday, Tesla Stop taking orders For the cheapest version of the Y Standard Range SUV, just one month after launch and barely a week later Lower the price, According to its website.

January 8 stocks today IBD A column indicated that Tesla had been flashing several signs on top of the peak amidst sharp vertical flow in recent months.

On January 25, Tesla stock hit a record high of 900.40. Shares are 84% higher than 466 buy points in a handle cup amid Monday’s move.

Dow Jones Leaders: Apple and Microsoft

From among the top Dow Jones StocksApple stock fell 3% on Monday, falling further from the 10-week streak.

On Thursday, the stock launched a sell base to cut losses by 7% to 8% when it fell more than 7% below 138.89 points bought in a cup with a handle.

Meanwhile, Microsoft shares fell 2.7% on Monday. The software giant’s shares are in a 5% buy zone from 232.96 buy points of 244.61

Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about developing stocks and Dow Jones futures.

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