Dow Jones futures were little changed Thursday night along with S&P 500 futures and Nasdaq futures, with Disney stock, DoorDash (DASH) and Airbnb (ABNB) headlining overnight earnings.
X
Apple (AAPL) and Tesla (TSLA) flashed buy signals amid a modest stock market rally on Thursday. Software rebounded somewhat while memory chip worries continued to hit some semiconductor stocks. Industrial, metal, financial and retail names held up well after some solid gains.
Walt Disney (DIS) reported earnings late Thursday. So did recent IPOs DoorDash (DASH), Figs (FIGS), Cricut (CRCT), ZipRecruiter (ZIP) and ABNB stock.
DIS stock jumped overnight, flashing a possible buying opportunity. DASH stock, Figs, Cricut and Airbnb fell in extended trade, while ZIP stock zipped higher.
Apple stock and Tesla are on IBD Leaderboard and SwingTrader.
Dow Jones Futures Today
Dow Jones futures edged higher vs. fair value. Disney stock is providing a lift to Dow futures. S&P 500 futures and Nasdaq 100 futures edged lower.
Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Stock Market Rally Thursday
The stock market rally traded in a narrow range, closing near session highs with big-cap techs leading the way.
The Dow Jones Industrial Average closed just above breakeven in Thursday’s stock market trading. The S&P 500 index rose 0.3%. The Nasdaq composite climbed 0.35%. The small-cap Russell 2000 dipped 0.3%.
Apple stock, as a Dow Jones, S&P 500 and Nasdaq component, rising 2% buoyed the major indexes. Microsoft (MSFT), Nvidia (NVDA) and Tesla stock, also up modestly, contributed as well.
The 10-year Treasury yield climbed 3 basis points to 1.37% after hitting resistance at its 50-day line.
Top ETFs
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 0.6%, while the Innovator IBD Breakout Opportunities ETF (BOUT) rose 0.7%. The iShares Expanded Tech-Software Sector ETF (IGV) was up 1%. In contrast, the VanEck Vectors Semiconductor ETF (SMH) fell 1%. Micron sold off again on memory chip pricing concerns, taking a toll on some related semiconductors.
SPDR S&P Metals & Mining ETF (XME) fell 0.65%, slashing intraday losses as some steelmakers continued to run higher. The Global X U.S. Infrastructure Development ETF (PAVE) edged up 0.2%, after rising to record highs over the past two sessions. U.S. Global Jets ETF (JETS) fell 1.7%. SPDR S&P Homebuilders ETF (XHB) sank 0.6%. The Energy Select SPDR ETF (XLE) dipped 0.1% and the Financial Select SPDR ETF (XLF) added 0.2%.
Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) climbed 0.45% and ARK Genomics ETF (ARKG) eked out a 0.1% gain. Tesla stock is the No. 1 holding across ARK Invest’s ETFs.
Read More: Dow Jones Futures: Apple, Tesla Are New Buys In Market Rally; Disney Makes