Dow Jones futures, together with S&P 500 futures and particularly Nasdaq 100 futures, have been decrease late Monday, because the cut up inventory market rally continues. The Dow Jones Industrial Average hit extra report highs earlier than reversing decrease, whereas tech shares dived. Tesla inventory skidded over 6% Monday.


On Monday, the tech-heavy Nasdaq composite offered off 2.55%. The S&P 500 misplaced 1%, whereas the Dow Jones Industrial Average inched 0.1% decrease after reversing from all-time highs.

Among the Dow Jones leaders, Apple (AAPL) offered off 2.6% Monday, whereas Microsoft (MSFT) declined 2.1% in in the present day’s inventory market. Goldman Sachs (GS) is in purchase vary after a current breakout, whereas JPMorgan (JPM) tried to interrupt out.

Tesla (TSLA) skidded over 6% Monday to fall additional beneath its key 50-day line.

Virgin Galactic (SPCE) plunged on earnings late, whereas Palantir Technologies (PLTR) will report earlier than market open Tuesday.

Among the highest shares to purchase and watch, Deere (DE) and MarineMax (HZO) are in or close to purchase zones.

Microsoft is an IBD Leaderboard inventory. Deere is an IBD SwingTrader inventory decide, whereas JPMorgan and MarineMax have been featured on this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today

After the inventory market shut Monday, Dow Jones futures declined 0.3% vs. truthful worth, whereas S&P 500 futures transfer down 0.6%. Nasdaq 100 futures tumbled 1% vs. truthful worth. Remember that buying and selling in Dow Jones futures and elsewhere does not essentially translate into precise buying and selling within the subsequent common inventory market session.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 34745.16 -32.60 -0.09
S&P 500 (0S&P5) 4188.51 -44.09 -1.04
Nasdaq (0NDQC ) 13401.86 -350.38 -2.55
Russell 2000 (IWM) 219.74 -5.65 -2.51
IBD 50 (FFTY) 45.00 -1.05 -2.28
Last Update: 4:42 PM ET 5/10/2021

Among trade traded funds, the Innovator IBD 50 (FFTY) traded down 2.2% Monday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) misplaced 2.5%. Meanwhile, the SPDR S&P 500 ETF (SPY) dropped 1%.

Split Stock Market Rally

The Dow Jones Industrial Average reversed from all-time highs Monday, whereas the S&P 500 fell from Friday’s highs. The tech-heavy Nasdaq tumbled beneath its key 50-day shifting common with Monday’s sharp losses.

Monday’s Big Picture column commented, “The stock market held to a similar script Monday, with large-cap technology stocks under pressure again, while mining, steel and building-sector stocks outperformed. Rising commodity prices continue to fuel inflation fears, but the 10-year Treasury yield didn’t move much, up 2 basis points to 1.60%.”

For extra inventory market commentary, try IBD’s The Big Picture.

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Dow Jones Stocks: JPMorgan

Dow Jones monetary chief JPMorgan is making an attempt to interrupt out previous a 161.79 purchase level in a flat base, based on IBD MarketSmith chart evaluation. Shares reversed barely decrease to shut beneath the entry.

Last week, Dow Jones inventory Goldman Sachs (GS) broke out previous a 356.95 purchase level and is within the purchase vary that goes as much as 374.80.

Stocks To Buy And Watch: Deere, MarineMax

Wednesday’s IBD 50 Stocks To Watch decide, Dow Jones chief Deere, is making an attempt to interrupt out previous a 392.52 purchase level in a flat base, based on IBD MarketSmith chart evaluation. Shares ended Monday just under the purchase level with the day’s 0.7% loss.

Deere is an IBD SwingTrader inventory.

IBD 50 inventory MarineMax broke out previous a 64.09 purchase level in a cup base Friday. Shares trimmed beneficial properties to 1.3% Monday and are within the 5% purchase space, which tops out at 67.29.

According to IBD Stock Checkup, MarineMax inventory boasts an ideal 99 IBD Composite Rating. The IBD Composite Rating helps traders simply measure the standard of a inventory’s basic and technical metrics.

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Stock Market Earnings: Palantir, Virgin Galactic

After the inventory market shut Monday, Virgin Galactic reported a lack of 55 cents a share. Analysts anticipated a lack of 31 cents per share vs. a lack of 30 cents per share within the year-ago quarter. Meanwhile, the corporate mentioned its subsequent check flight is beneath overview after beforehand saying assessments have been due this month, including new doubts to when business service can start.

SPCE inventory closed Monday greater than 70% off its all-time excessive, which was set on Feb. 4 at 62.80. Shares plunged about 10% in in a single day commerce.

Palantir Technologies will report forward of the open Tuesday. Analysts estimate Palantir earnings of 4 cents a share on income of $332.2 million for the quarter that ended March 31.

Shares slid greater than 6% Monday, closing at its lowest degree since Nov. 20.

Tesla Stock

Tesla inventory skidded 6.4% Monday, closing at to 629, its lowest degree since March 29. Last week, the inventory gave up its key 50-day line. Shares are actually about 30% off their 52-week excessive.

The EV large is forming a brand new cup with deal with, providing a 780.89 purchase level. But it’s a late-stage base.

On Jan. 25, Tesla inventory hit a report excessive at 900.40 after climbing as a lot as 93% from a 466 purchase level in a cup with deal with.

Dow Jones Leaders: Apple, Microsoft

Among the highest Dow Jones shares, Apple offered off 2.6% Monday, snapping a three-day win streak. The inventory is once more testing its important 50-day line. A break beneath this key space might sign additional weak point.

Shares are about 6% beneath their 135.63 purchase level following a short-lived breakout on April 29 previous a cup with deal with’s entry.

IBD Leaderboard inventory Microsoft misplaced 2.1% Monday, because the inventory trades simply above a flat base’s 246.23 purchase level, based on IBD MarketSmith chart evaluation. The purchase zone goes as much as 258.54.

The inventory discovered much-needed help at its 50-day line on May 6, however could possibly be establishing for an additional check of that help space.

Per Leaderboard commentary, “Microsoft fell back into buy range after a poor reaction to the earnings report. It is now rebounding off its 10-week line, creating a follow-on buy area.”

Be positive to observe Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on development shares and the Dow Jones Industrial Average.


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