Dow Jones Futures Fall: What To Do After Today’s Stock Market Sell-Off Before Key Inflation Report

Dow Jones futures had been decrease after Monday’s inventory marketplace sell-off. A key inflation document — the patron value index — is due out Tuesday morning forward of the marketplace open.


Stock Market Today

On Monday, the Dow Jones Industrial Average bought off 1.2% and the S&P 500 moved down 1.7%. The tech-heavy Nasdaq composite tumbled 2.2%. Among alternate traded finances, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) declined 2.4%, and the SPDR S&P 500 ETF (SPY) misplaced 1.7% Monday.

Electric-vehicle chief Tesla (TSLA) skidded just about 5% Monday. Twitter (TWTR) reversed from losses to finish 1.7% upper after Tesla Chief Executive Elon Musk determined in opposition to being an organization director.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 34309.07 -412.05 -1.19
S&P 500 (0S&P5) 4412.83 -75.45 -1.68
Nasdaq (0NDQC ) 13411.96 -299.04 -2.18
Russell 2000 (IWM) 196.54 -1.33 -0.67
IBD 50 (FFTY) 35.89 -0.71 -1.94
Last Update: 4:30 PM ET 4/11/2022

Chip shares had been a few of the day’s weakest performers. Nvidia (NVDA) tumbled 5.2% on an analyst downgrade. Advanced Micro Devices (AMD) slid 3.6% to hit its lowest stage since July 2021.

As the inventory marketplace’s uptrend continues to battle, Dow Jones monetary chief American Express (AXP) — at the side of Alphabet (GOOGL), Broadcom (AVGO), IBD Leaderboard watchlist inventory Edwards Lifesciences (EW), Raytheon Technologies (RTX) and Shell (SHEL) — are amongst Tuesday’s best shares to shop for and watch.

Elsewhere a few of the Dow Jones leaders, Apple (AAPL) declined 2.55% and Microsoft (MSFT) traded down 3.9% in these days’s inventory marketplace.

Microsoft and Tesla are IBD Leaderboard shares. Edwards Lifesciences and Raytheon Technologies had been featured on this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Treasury Yields, Oil Prices, CPI

After Monday’s shut, Dow Jones futures edged decrease, whilst S&P 500 futures misplaced 0.1% vs. honest worth. Nasdaq 100 futures had been down 0.15% vs. honest worth. Remember that in a single day motion in Dow futures and somewhere else does not essentially translate into exact buying and selling within the subsequent common inventory marketplace consultation.

The 10-year U.S. Treasury yield prolonged a win streak to seven classes Monday, emerging to two.78%, its easiest stage since Jan. 2019. U.S. oil costs slumped greater than 3% Monday, as West Texas Intermediate crude traded beneath $95 a barrel. Also, China’s worsening virus outbreak is elevating considerations about possible call for.

Consumer costs in March are projected to have risen 1.1% for a year-over-year charge of 8.4% — in step with Econoday estimates — which will be the quickest building up since Dec. 1981. The client value index measures the speed of inflation. Meanwhile, the White House mentioned that it expects the “March CPI headline inflation (number) to be extraordinarily elevated due to Putin’s price hike.”

The Labor Department will free up the CPI at 8:30 a.m. ET.

Stock Market Rally Struggles: What To Do Now

On Monday, the inventory marketplace installed every other disappointing efficiency with the main inventory indexes finishing with sharp losses. The Nasdaq stumbled additional beneath its 50-day line, which were a key make stronger stage to observe.

Even although the underlying uptrend remains to be intact, it is time to continue with a better level of warning. Be cautious of maximum new purchases and center of attention best on shares that experience remarkable basics and heavy-volume breakouts previous right kind purchase issues. Also, be versatile. The marketplace might rebound and transfer again into “confirmed uptrend,” or the heavy promoting may just persist and result in a correction.

Monday’s The Big Picture column commented, “The S&P 500 tumbled 1.7% and closed slightly below the 50-day moving average. The index now tries to find support at that level. But if the Nasdaq is any indication, the composite melted right through its 50-day line Monday after a tentative hold on it the previous two sessions.”

If you are new to IBD, imagine having a look at its inventory buying and selling device and CAN SLIM fundamentals. Recognizing chart patterns is one key to the funding tips. IBD provides a extensive vary of expansion inventory lists, corresponding to Leaderboard and SwingTrader.

Investors can even create watchlists, to find corporations nearing a purchase level, or expand customized monitors at IBD MarketSmith.

Four Dow Jones Stocks To Watch Now

Dow Jones Stocks To Buy And Watch: American Express

Dow Jones monetary inventory American Express is tracing a cup with manage with a 194.45 purchase level. Shares dropped 3.3% Monday, finishing about 9% clear of the newest access.

Keep an eye fixed at the inventory’s relative energy line. Amid its contemporary descent, the RS line is beginning to fade farther from its outdated highs, which means it has its paintings minimize out for it forward of a possible breakout. The RS line measures a inventory’s value efficiency vs. the S&P 500. The RS line will have to hit a brand new top at the breakout day or in a while thereafter to verify the energy of a inventory’s breakout.

Four Top Growth Stocks To Watch In The Current Stock Market Rally

Stocks To Buy And Watch: Alphabet, Broadcom, Edwards, Raytheon, Shell

Recent IBD 50 Stocks To Watch select, Alphabet, presentations a 2,875.97 purchase level in a cup with manage, in step with IBD MarketSmith chart research. GOOGL stocks are about 10% clear of the access after Monday’s 3.35% slide.

Broadcom fell every other 1.1% Monday, because the chip inventory moved additional beneath an early access at 614.74. Shares are remaining in at the 7%-8% loss cause. The inventory additionally gave up make stronger at it 50-day line in contemporary classes. Meanwhile, stocks have installed every other purchase level, a manage access at 645.41.

IBD Leaderboard watchlist inventory Edwards Lifesciences continues to advance up the fitting aspect of a cup base that presentations a 131.83 purchase level. Shares slid virtually 2% Monday. Monday’s weak spot is most likely the beginning of a manage that will decrease the risk-optimal access to 125.21.

Defense contractor Raytheon Technologies is inside of putting distance of a flat base’s 104.44 purchase level. Shares rallied 1.7% Monday, buying and selling simply 2% off the newest access.

Oil-and-gas manufacturer Shell, the April 1 IBD Stock Of The Day, is slightly below a flat base’s 56.23 purchase level after Monday’s 1.4% fall.

Join IBD mavens as they analyze main shares within the present inventory marketplace rally on IBD Live

Tesla Stock

Tesla inventory skidded 4.8% Monday, including to Friday’s 3% decline. Shares of the EV large completed Monday about 15% clear of a cup-with-handle’s 1,152.97 purchase level.

The inventory traded as top as 1,243.49 on Nov. 4. and ended Monday about 22% clear of that all-time top.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones shares, Apple stocks moved down 2.55% Monday, additional beneath a 176.75 purchase level in a double-bottom base. The inventory is just about triggering the 7%-8% loss-cutting promote rule. Along with that double-bottom access, a manage purchase level could also be in play at 179.71. On the disadvantage, AAPL inventory gave up its 50-day make stronger stage Monday, indicating additional weak spot is most likely.

Software chief Microsoft tumbled 3.9% Monday, as stocks fall additional beneath their 50-and 200-day traces. The inventory is just about 20% off its 52-week top.

Be certain to apply Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on expansion shares and the Dow Jones Industrial Average.


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