Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were lower early Tuesday as the Dow Jones Industrial Average neared its all-time high. Dow Jones leader Apple approaches a new buy point as Tesla stock tests a key level.
On Monday, the tech-heavy Nasdaq network fell 0.5%. The S&P 500 was up 0.3% while the Dow Jones Industrial Average was up 0.7%.
Tesla ((TSLA) slipped 3.5% on Monday, returning a large portion of the 4.8% advance on Friday. The EV giant is testing an important level of support.
Dow Jones Futures today
Before the exchange opened on Tuesday, the Dow Jones futures were down 0.15% from fair value while the S&P 500 futures were down 0.3%. Nasdaq 100 futures lost 0.35% from fair value. Remember you are acting Dow Jones Futures and elsewhere this does not necessarily mean that the next regular trade will actually be traded Stock market Session.
Overview of today’s US stock market
|index||symbol||price||Gain loss||% Change|
|S&P 500||((0S & P5)||4192.65||+11.48||+0.27|
Last update: 5.30 p.m. ET 03.05.2021
Under Exchange Traded Funds, the innovator IBD 50 (FFTY) were trading at 0.6% on Monday. Nasdaq 100 Tracker Invesco QQQ Trust ETF (QQQ) lost 0.5%. In the meantime, the SPDR S & P has 500 ETF (SPY) rose by 0.2%.
Amid the current stock market rally, the Dow Jones Industrial Average and S&P 500 are approaching record highs amid moderate gains. In the meantime, the tech-heavy Nasdaq is just below its own record after losses on Friday and Monday.
The big picture from Monday The column commented, “The performance of the major stock indices may look good, but the performance below the surface has created a challenging environment for growth investors. If you have been out of sync with the market and your portfolio has got a 100% it makes no sense % being invested. Cut away your stragglers and hold onto your top performers. It’s okay to keep some money at this point. “
More stock market comments can be found at IBD is the big picture.
Dow Jones stocks: Goldman Sachs
Dow Jones Investment Bank Goldman Sachs is working on a new flat base with a buy point of 356.95 IBD MarketSmith Chart analysis. The shares were up 0.5% on Monday and are about 2% off entry.
The most recent base is a second-level formation, indicating that the stock may still be in the earlier part of a long-term rise.
The investment banking giant finds itself in a crisis in 2021, which has already increased by more than 30% since the beginning of the year.
Stocks to buy and watch: Lam Research, Nvidia, PayPal
According to Leaderboard comment, “Lam Research is returning some gains, including a few days of high volume. Overall, however, the decline seems normal.”
Nvidia ended about 3% below its buy point of 615 in a on Monday new cup base. The 5% buying zone rises to 645.75. Shares lost 1.15% on Monday.
PayPal, the leading payment provider, continues to build one Cup with handleand offers a Buy point at 277.96. Shares fell 1.2% on Monday, extending the losing streak to three sessions. PYPL stock is just above its 50-day support level.
According to IBD Stock Checkup, PYPL warehouse shows a solid 89 from a perfect 99 IBD composite rating. With the IBD Composite Rating, investors can easily measure the quality of the fundamental and technical metrics of a stock.
Tesla stock was down 3.5% on Monday, wiping out a large portion of the nearly 5% advance on Friday. Stocks are trying to find support on their key 50-day line. If the 50-day support level fails, another weakness could loom.
The EV giant is shaping a new mug with a handle and offering a buy point of 780.89. But it is a Late-stage base.
On Jan. 25, Tesla stock hit a record high of 900.40 after rising 93% from a buy point of 466 in a mug with Henkel.
Dow Jones Leaders: Apple, Microsoft
Under the tips Dow Jones stocksApple was up 0.8% on Monday as the stock continues to approach a cup with a buy point of 135.63.
Apple stock attempted to break out after last week’s results but was turned down. The shares are about 2% below the entry.
Software giant Microsoft fell 0.1% on Monday, falling for a fourth straight session. The shares are back in the 5% buying range according to a flat base 246.23 buy point, which is said to exceed 258.54 IBD MarketSmith Chart analysis.
Follow Scott Lehtonen on Twitter at @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
YOU MAY ALSO LIKE: