Dow Jones Futures: Stock Market Hits New High As 3 Tech Giants Shatter; Tesla inventory increase

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were lower on Monday night after the stock market rally hit record highs. Tesla stock has jumped with strong shipments, while tech giants Alphabet, Facebook and Microsoft are in new buying areas.

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On Monday, the highly technological Nasdaq composite rose 1.7%. The S&P 500 rose 1.4%, while the Dow Jones Industrial Average traded 1.1%.

Among the leaders of the Dow Jones, Apple (AAPL) rebounded 2.4% on Monday, while Microsoft (MSFT) rose 2.8% in the current stock market. Boeing (BA) broke out of the buy range after the bullish move last week.

You’re here (TSLA) jumped 4.4% on Monday after the company announced strong deliveries. FANG leaders Alphabet (Google T Facebook (FB) passed the new buying points on Monday.

Among the best stocks to watch, chip leaders Nvidia (NVDA) and Qorvo (QRVO) are in or near shopping areas.

Alphabet, Boeing and Microsoft are IBD Leaderboard stocks. Nvidia and Qorvo were listed in this week’s Stocks Near A Buy Zone column. Alphabet and Microsoft were discussed on Monday’s IBD Live show.

Dow Jones Futures today

After the market closed on Monday, Dow Jones futures fell 0.2% from fair value, while S&P 500 futures fell 0.15%. Nasdaq 100 futures contracts lost less than 0.1% from fair value. Remember that trading Dow Jones futures and elsewhere does not necessarily translate into actual trading in the next regular trading session.

Snapshot of the US Stock Market Today
Index	symbol	Price	Loss of profit	% Change
Dow jones	(0DJIA)	33525.48	+372.27	+1.12
S&P 500	(0S and P5)	4077.78	+57.91	+1.44
Nasdaq	(0NDQC)	13,705.59	+225.48	+1.67
Russell 2000	(IWM)	224.83	+1.09	+0.49
IBD 50	(FFTY)	45.00	+0.39	+0.87
Last updated: 4:54 PM ET 5/4/2021

On Monday, the 10-year Treasury yield closed at 1.72%, just below last week’s 14-month high of 1.765%.

Among exchange-traded funds, the Innovator IBD 50 (FFTY) was up 0.8% on Monday. The Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) gained 2%. Meanwhile, the SPDR S&P 500 ETF (SPY) gained 1.4%.

Stock rally: Dow, S&P reach new heights

Amid the current stock rally, the Dow Jones Industrial Average and S&P 500 hit record highs on Monday.

Meanwhile, the high-tech Nasdaq regained its key 50-day moving average on Thursday and broke through resistance around the 13,600 level, extending a three-session winning streak.

Thursday’s Big Picture commented: “On Thursday, the Nasdaq added 1.8% after deviating to the open, in a second straight day of solid gains. The composite closed just above its moving average 50 days after spending two weeks below. But don’t take that as an absolutely positive sign. It would do the Nasdaq good if it could make a decisive move above that line. Also, the Nasdaq is hits a possible stress test around the 13,600 level. “

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Actions in shopping areas: Alphabet, Facebook

IBD Leaderboard Alphabet stock breaks new flat base buy point at 2,145.24, according to chart analysis from IBD MarketSmith. The shares are in the 5% buy zone rising to 2,252.50 amid Monday’s 4.2% advance.

According to the rankings commentary, “Alphabet held up better than other large-cap techs when the sector collapsed. Support at the 21-day line is now much better. Stock has also found support at the line. of the 50 days. The last base was second. leg, which is positive. “

Facebook, another leader in FANG stocks, is trading just above the 299.81 point of buying a cup with a handle. On Monday, Facebook stock rebounded 3.4% to move into the buy range.

Chip stocks to buy and watch: Nvidia, Qorvo

Graphics chipmaker Nvidia continues to ride on the right side of a new mug base, offering a buy point of 615. Be on the lookout for a potential handful to provide more optimal entry to risk.

Nvidia stock rose 1.3% on Monday, extending a three-session winning streak.

According to IBD Stock Checkup, Nvidia stock is showing a strong 93 on a Perfect IBD Composite Rating of 99. The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical indicators.

Elsewhere in the semiconductor industry, Qorvo is in the buy range after entering 191.93 in a consolidation. Shares are also above an early entry at 186.96 after Friday’s breakout move. Qorvo stock gained 2.8% on Monday.

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Tesla stock

Tesla stock jumped 7% on Monday before slashing gains to 4.4% on the firm’s strong deliveries. Tesla shares are eyeing their 10 week line, which is a key resistance level.

Tesla could form a new base, but it’s too early for a new risk-based optimal buy point.

On February 22, Tesla broke its main line 10-week moving average, a critical support level. On January 25, Tesla stock hit an all-time high at 900.40, after climbing 93% from a buy point of 466 in a handle mug.

Dow Jones Executives: Apple, Microsoft

Among the best stocks in the Dow Jones, Apple rose 2.4% on Monday, pushing a three-session winning streak. Apple stock is rebounding from its 40 week line and may soon try to recover its 10 week line again.

On February 18, Apple stock triggered the 7% to 8% loss reduction sell rule when it fell more than 7% below its buy point of 138.89 in a cup with handle.

Meanwhile, software giant Microsoft rose 2.8% on Monday. Microsoft is above 246.23 purchase points on a flat basis and is in the buy range.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen to learn more about growth stocks and the Dow Jones Industrial Average.

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