Dow Jones futures, as well as S&P 500 futures and Nasdaq 100 futures, closed lower on Monday after the stock market rose to record highs. Tesla stock has soared in strong trading, while tech giants Alphabet, Facebook and Microsoft are in new buying areas.
On Monday, the high-tech Nasdaq Composite Index rose 1.7%. The S&P 500 Index rose 1.4%, while the Dow Jones Industrial Average rose 1.1%.
Among the leaders of Dow Jones, apple (AAPL) rose 2.4% on Monday, while Microsoft (MSFT) rose 2.8% in today’s stock market. Boeing (BA) left the buying range after being bullish last week.
Tesla TSLA (TSLA) surged 4.4% on Monday after the company reported strong deliveries.Party leader letter (GOOGL) and Facebook (FB) broke a new buy point on Monday.
Among the top stocks to watch, the chip leader Nvidia (NVDA) and Qorvo (QRVO) In or near the purchase area.
Alphabet, Boeing and Microsoft are IBD ranking stocks. In this week’s “Stocks Near the Buying Zone” column, Nvidia and Qorvo received attention. Alphabet and Microsoft were discussed on Monday’s IBD Live program.
Dow Jones Futures Today
After the stock market closed on Monday, Dow Jones futures fell 0.2% (in fair value), while S&P 500 futures fell 0.15%. The Nasdaq 100 futures fell less than 0.1% relative to fair value. Please keep in mind that Dow Jones futures and transactions in other regions may not necessarily translate into actual transactions during the next regular stock market session.
U.S. stock market overview today
Last Update: 4/5/2021 4:54 PM EST
On Monday, the 10-year U.S. Treasury bond yield closed at 1.72%, slightly lower than last week’s 14-month high of 1.765%.
Among exchange-traded funds, the innovator IBD 50 (FFTY) traded up 0.8% on Monday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rose 2%. At the same time, the SPDR S&P 500 ETF (SPY) rose 1.4%.
Stock market rebounds: Dow Jones Index, Standard & Poor’s Index hits new highs
In the current stock market rally, the Dow Jones Industrial Average and the Standard & Poor’s 500 Index hit a record high on Monday.
At the same time, the high-tech Nasdaq Index regained its key 50-day moving average on Thursday and broke through the resistance level near the 13,600 level, extending the winning record to three trading days.
The big man commented on Thursday: “Thursday, the Nasdaq index rose for the second consecutive trading day, rising 1.8% after the opening of the Nasdaq. The composite index closed at its 50 days after a two-week decline. Above the moving average. “Don’t take it as an absolutely positive signal. If Nasdaq can decisively break through the line, it will help Nasdaq. In addition, Nasdaq is facing a resistance test near the 13,600 level. “
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Bitcoin reached its highest level on March 13, reaching a maximum of $61,556. According to CoinDesk data, the price of Bitcoin was flat at around $58,250 on Monday.
Grayscale Bitcoin Trust (GBTC) rose 4% on Monday, recovering from the 50-day moving average.
Dow Jones Stocks: Boeing
Within the Dow Jones Industrial Average, Boeing is beyond the cup-based buying range of 244.18 buying points. The 5% buying range rose to 256.39. The stock closed at 259.36 on Monday.
The stock rose 2.5% on Monday.
Stocks in the buying zone: Alphabet, Facebook
According to the analysis of the IBD MarketSmith chart, the IBD ranking stock Alphabet broke through the flat-bottomed new buying point of 2,145.24. The stock price is in the 5% buy zone and rose to 2,252.50 after rising 4.2% on Monday.
According to the leaderboard comment, “Alphabet performed better than other large stocks when the sector plummeted. Now the 21-antenna support is much better. The stock has also found support at the 50-antenna. The last base figure is in the second stage. This is positive.”
The trading price of Facebook, the person in charge of FANG’s stock, is slightly higher than the 299.81 buying point of the same handle. On Monday, Facebook shares rose 3.4% and entered the buying range.
Chip stocks to watch: Nvidia, Qorvo
Graphics chip maker Nvidia continues to move to the right side of the new cup holder, offering 615 points of purchase. Always looking for potential handles that can provide the best input with higher risk.
On Monday, Nvidia’s stock rose by 1.3%, raising it for three consecutive trading days.
According to the IBD stock check, Nvidia stock shows 93 in the ideal 99 IBD composite score. IBD comprehensive rating can help investors easily measure the quality of basic and technical indicators of stocks.
Elsewhere in the semiconductor industry, Qorvo is in the buying range in the $191.93 merger. After Friday’s breakthrough action, the stock was also higher than the 186.96 points entered in the early trading. Qorvo shares rose 2.8% on Monday.
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Tesla’s stock price soared by 7% on Monday and then rebounded to 4.4% due to the company’s strong delivery. Tesla’s stock is pegging to their 10-week line, which is a key resistance level.
Tesla may build a new base, but it is still too early for a new risk optimal buying point.
On February 22, Tesla broke through the key 10-week moving average, which is a key support level. On January 25, Tesla’s share price hit a record high of 900.40, after it had risen by 93% from 466 purchase points in the cup with handle.
Dow Jones leaders: Apple, Microsoft
Among the top stocks of Dow Jones, Apple shares rose 2.4% on Monday, rising for three consecutive trading days. Apple stock is rebounding from its 40-week line and may soon try to recover its 10-week line again.
On February 18th, Apple stock triggered the 7%-8% reduction selling rule. At that time, Apple’s stock price fell to more than 7% lower than the 138.89 buying point of its handle cup.
Meanwhile, software giant Microsoft rose 2.8% on Monday. Microsoft is breaking through a fixed base of 246.23 buying point and is in the buying range.
Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more information about growth stocks and the Dow Jones Industrial Average.
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