Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed late Monday after the stock market rally hit new highs. Apple stock jumped to record highs, while PayPal and Tesla raced higher. Zoom stock dived 12% on earnings after the close.
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On Monday, the Dow Jones Industrial Average dipped 0.2%. The S&P 500 climbed 0.4% and the Nasdaq rallied 0.9%; both indexes hit all-time highs.
Among the Dow Jones leaders, Apple (AAPL) rallied 3%, while Microsoft (MSFT) moved up 1.3% in today’s stock market. Home Depot (HD) remains below a new buy point after a recent breakout attempt.
Tesla (TSLA) raced ahead 2.7%, moving further above a recent buy point. The EV leader is now at the top of its buy range. PayPal (PYPL) climbed more than 3.5% Monday, retaking its key 50-day moving average. A new buy point has emerged.
After the close, Zoom Video (ZM) reported better-than-expected Q2 earnings results. But Zoom stock dived as much as 12% in extended trade.
Among the top stocks to buy and watch, Academy Sports & Outdoors (ASO), Airbnb (ABNB), Mercado Libre (MELI) and Palantir Technologies (PLTR) are in or near new buy zones.
Airbnb, Microsoft and Tesla are IBD Leaderboard stocks. Academy Sports is an IBD IPO Leader. Palantir was featured in this week’s Stocks Near A Buy Zone column. Airbnb was Tuesday’s IBD Stock Of The Day.
Dow Jones Futures Today
After the stock market close Monday, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
U.S. Stock Market Today Overview | ||||
---|---|---|---|---|
Index | Symbol | Price | Gain/Loss | % Change |
Dow Jones | (0DJIA) | 35399.90 | -55.90 | -0.16 |
S&P 500 | (0S&P5) | 4528.76 | +19.39 | +0.43 |
Nasdaq | (0NDQC ) | 15265.89 | +136.39 | +0.90 |
Russell 2000 | (IWM) | 225.49 | -0.92 | -0.41 |
IBD 50 | (FFTY) | 48.55 | +0.55 | +1.15 |
Last Update: 4:34 PM ET 8/30/2021 |
Among exchange traded funds, Innovator IBD 50 (FFTY) rose 1.15% Monday. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 1.1%. And the SPDR S&P 500 ETF (SPY) rose 0.4%.
Stock Market Rally Continues
The Nasdaq and S&P 500 hit fresh record highs Monday, while the Dow Jones Industrial Average remains just off its all-time highs.
Friday’s The Big Picture column commented, “The stock market’s action reaffirmed the current uptrend and was in stark contrast to Thursday’s moderate losses. The buying Friday was broad-based, though two sectors did edge lower — SPDR Health Care (XLV) (down 0.2%) and SPDR Utilities (XLU) (down less than 0.1%). Winners led losers by 5-to-1 on the NYSE and by more than 3-to-1 on the Nasdaq.”
For more stock market commentary, check out IBD’s The Big Picture.
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Zoom Earnings
After the close Monday, Zoom Video
Read More: Dow Jones Futures: Stock Market Rally Hits New Highs; Zoom Stock Plunges