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Dow Jones futures advanced marginally on Thursday night, as did futures on the S & P 500 and Nasdaq futures. At the trading session on Thursday, the main actions of the software industry suffered heavy losses. But chip values, which rebounded in 2019, held up well. AMD stock, ASML (ASML) Lam Research (LRCX) have all had fractional movements, hold in the shopping areas of Wednesday's escape. First leaders Xilinx (XLNX) and Broadcom stock remain close to record highs. A healthy flea sector is a good sign for the current stock market, and the Apple stock in particular.
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Dow Jones Futures Today
Dow Jones futures increased 0.1% over fair value. The S & P 500 and Nasdaq 100 futures contracts increased by 0.1%. Do not forget that day-to-day futures trading on Dow and elsewhere do not necessarily translate into actual trading at the next regular trading session.
Chinese Vice Premier Liu He said that a "new consensus" had been reached with the United States on the text of a trade deal with China, state media said. Xinhua. Liu is in Washington for new business talks. Earlier, President Donald Trump, who met Liu, said that a trade deal with China was "very close" and could be "monumental", but did not announce a summit with President Xi Jinping.
The jobs report for March is expected Friday morning at 8:30 am ET. This could be a catalyst for gains or losses on the stock markets.
The leaders of the Lag Market Stock software
Software titles were a prominent sector throughout the stock market rally, but on Thursday the big names suffered heavy losses. Zscaler (ZS) fell by almost 9% while Twilio (TWLO) ServiceNow (NOW) and Working day (DAY) lsot 4% -5%. With the exception of Workday shares, most of them held above their 50-day moving average. But with analysts expecting a mediocre earnings season in the first quarter, expensive software names are likely to suffer heavy losses.
Among the best ETFs, the iShares extended software and technology sector dropped 1.9%. The innovative IBD 50 (FFTY) fell 0.8%, mainly on software shares.
Stocks of strong chips
However, the VanEck Vectors Semiconductor (SMH) ETF posted a 0.1% gain, its highest level in 10 months. The SMH ETF climbed 5.1% this week. The Philadelphia Semiconductor index has reached another all-time high of all time.
Advanced micro systems (AMD) and ASML, a chip maker, grew much less on Thursday. The Lam Research stock declined slightly. All three made their appearance on Wednesday, the AMD headline rocketing after a very strong base of analysts initiation.
The chip industry has been lagging the stock market for much of 2018. The revival of Semiconductors is welcome, as almost all stock market rallies have fleas in mind or at least participate.
Good sign for Apple Stock?
While Apple is trying to expand its services, with a splashy but vague streaming video offer announced last week. But even if it ends up being a huge success, Apple's fortune remains closely tied to the iPhone. Larger chip stocks, with the prospect of stronger demand this year, could be a good sign for demand for Apple and iPhone stock.
The Apple stock rose 0.2% to 195.69 on Thursday, just below a point of purchase of 197.79 cups with handle.
Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.
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