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Dow Jones Futures: Stock Market Hits New High As 3 Tech Giants Break Out; Tesla

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were lower early Tuesday following Monday’s record highs. Tesla stock surged on strong deliveries, while tech giants Alphabet, Facebook and Microsoft are in new buy zones.




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On Monday, the tech-heavy Nasdaq composite advanced 1.7%. The S&P 500 moved up 1.4%, while the Dow Jones Industrial Average traded up 1.1%.

Among the Dow Jones leaders, Apple (AAPL) rallied 2.4% Monday, while Microsoft (MSFT) raced 2.8% higher in today’s stock market. Boeing (BA) moved out of buy range following last week’s bullish move.

Tesla (TSLA) surged 4.4% Monday after the company reported strong deliveries. FANG leaders Alphabet (GOOGL) and Facebook (FB) broke out past new buy points Monday.

Among the top stocks to watch, chip leaders Nvidia (NVDA) and Qorvo (QRVO) are in or near buy zones.

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

Dow Jones Futures Today

Ahead of the stock market open Tuesday, Dow Jones futures lost 0.1% vs. fair value, while S&P 500 futures moved down 0.15%. Nasdaq 100 futures lost 0.1% 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) 33525.48 +372.27 +1.12
S&P 500 (0S&P5) 4077.78 +57.91 +1.44
Nasdaq (0NDQC ) 13705.59 +225.48 +1.67
Russell 2000 (IWM) 224.83 +1.09 +0.49
IBD 50 (FFTY) 45.00 +0.39 +0.87
Last Update: 4:54 PM ET 4/5/2021

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) traded up 0.8% Monday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) rallied 2%. Meanwhile, the SPDR S&P 500 ETF (SPY) gained 1.4%.

Stock Market Rally: Dow, S&P Hit New Highs

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

Meanwhile, the tech-heavy Nasdaq regained its key 50-day moving average on Thursday and moved past resistance around the 13,600 level, extending a win streak to three sessions.

Thursday’s Big Picture commented, “On Thursday, the Nasdaq added 1.8% after gapping up at the open, in a second straight day of solid gains. The composite closed just above its 50-day moving average after spending two weeks below it. But don’t take that as an absolutely positive sign. It would do the Nasdaq some good if it can make a decisive move above that line. Also, the Nasdaq is coming up against a test of possible resistance around the 13,600 level.”


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Bitcoin Price

Bitcoin hit its high-water mark on March 13, topping out at $61,556. The price of Bitcoin held flat Monday at around $58,250, according to CoinDesk.

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