Dow Jones futures rose 100 points early Tuesday after the stock market kicked off 2022 with strong gains as Treasury yields surged Monday. Tesla stock soared past a new buy point after strong deliveries, while Apple hit a new high and the $3 trillion market cap.
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On Monday, the Dow Jones Industrial Average climbed 0.7%. The S&P 500 rose 0.6%, while the tech-heavy Nasdaq composite advanced 1.2%.
Among the Dow Jones leaders, Apple (AAPL) rose 2.5% Monday, while Microsoft (MSFT) moved down 0.5% in today’s stock market. Also among the Dow 30, Home Depot (HD) faltered, while Nike (NKE) fell further below a key level.
Electric-vehicle leader Tesla (TSLA) traded up 13.5% Monday. Its rival, Rivian (RIVN), was down almost 1%. Lucid Group (LCID) climbed 7.6%. And Chinese EV leaders Li Auto (LI), Nio (NIO) and Xpeng Motors (XPEV) ended sharply mixed after their December sales reports over the weekend.
Among Monday’s top stocks to buy and watch, Applied Materials (AMAT), Huntsman (HUN), Goldman Sachs (GS) and Wells Fargo (WFC) are in or near new buy zones.
Microsoft and Tesla are IBD Leaderboard stocks. Tesla was featured in this week’s Stocks Near A Buy Zone column, while Applied Materials is an IBD SwingTrader stock.
Dow Jones Futures Today
Ahead of the stock market open Tuesday, Dow Jones futures rose 0.3% vs. fair value, while S&P 500 futures rose 0.25%. Nasdaq 100 futures gained 0.15% 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) | 36585.13 | +246.83 | +0.68 |
S&P 500 | (0S&P5) | 4796.59 | +30.41 | +0.64 |
Nasdaq | (0NDQC ) | 15832.80 | +187.83 | +1.20 |
Russell 2000 | (IWM) | 225.35 | +2.90 | +1.30 |
IBD 50 | (FFTY) | 45.54 | -0.30 | -0.65 |
Last Update: 4:28 PM ET 1/3/2022 |
Among exchange traded funds, Innovator IBD 50 (FFTY) dropped 0.7%, as top growth stocks came under selling pressure. Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 1%. And the SPDR S&P 500 ETF (SPY) ascended 0.6%.
Elsewhere, the 10-year Treasury yield soared to its highest level since Nov. 24, closing near 1.63%. The 10-year Treasury yield ended Friday around 1.51%.
Stock Market ETF Strategy And How To Invest
Stock Market Rally
The stock market kicked off 2022 with solid gains Monday, as the tech-heavy Nasdaq composite snapped a four-day losing streak. The Dow Jones Industrial Average and S&P 500 ended two-day skids.
The market outlook remains in a “confirmed uptrend,” so investors have the green light to buy top-rated growth stocks breaking out past correct buy points.
Friday’s The Big Picture commented: “Investors should show prudence going into the new year, but there is reason for optimism. History shows that when the S&P 500 gains 20% or more in a calendar year it averages…
Read More: Dow Jones Futures: Treasury Yields Surge; Apple Makes History; Time To Buy