Dow Jones Futures: Dow Jones, S&P 500, and Nasdaq 100 futures trade on Sunday at 6 p.m. ET. Buyers should be cautious, especially in tech, due to market volatility. The stock market will rise if the S&P 500 and Nasdaq don’t fall below its August 18 lows. If that happens, customers should expect a follow-up day. Earnings announcements and Friday’s September jobs data will dominate this week.
The stock market mixed last week. Both the S&P 500 and Nasdaq rose, ending three weeks of losses. Despite Nvidia’s strong earnings, the major indexes fell on Thursday. Many leading equities are still falling despite Fed chief Jerome Powell‘s “hawkish” approach on Friday.
The Dow Jones Industrial Average fell 0.45%, while the S&P 500 and Nasdaq rose 0.8% and 2.3%. The 10-year Treasury yield hit 4.36 percent on Tuesday, the highest in 15 years. On Wednesday, it dropped by 4.19%.
The price of Nvidia rose steadily this week, but the company still needs to establish itself. Tesla rose, but it’s nearing critical support. Meta Platforms, Alphabet’s Google, Visa, Caterpillar, and Salesforce.com are Dow Jones leaders. This final component is crucial because Salesforce reports another large software sales week.
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There were also changes in the following stocks:
-Google Gained 0.1% after briefly reaching a 52-week high.
-Meta Platforms: Up 0.8%, but 50-day support.
-Visa raised rates by 1.85% and added a buy point on a flat base.
-Caterpillar fell somewhat and has held steady this month following a huge jump.
-Salesforce.com rose 2.3%, but the 21-day line supported it.
Even though the market swung dramatically away from its 50-day moving average on Thursday, Friday’s increase showed strength. Market direction is unclear since the Nasdaq and S&P 500 have differing returns.
The market’s breadth has dropped significantly recently, indicating more prominent winners. Most tech growth plays appear broken and may need time to recover. Homebuilders are nearing failure, while energy is doing well.
In the current market, purchasers should limit risk. This market is still a “show-me” because there are few opportunities to buy new. Returning to the 50-day line could indicate future investment or shorting opportunities. Thus, purchasers should create “buy” and “short” lists and preserve a larger list of solid stocks at critical levels. If the market goes below its recent lows, purchasers should reduce risk and consider going all cash.
Our Reader’s Queries
What are Dow futures right now?
The Dow (mini)IND closed at 37,466.11 with a future change of -199 points, ending the day at 37,520. The market experienced a slight dip, but it’s important to keep an eye on future trends to see where it may go next.
What is the highest Dow to date?
On January 4, 2022, the Dow reached an all-time high at market close, standing at 36,799.65 points. The DJIA is a highly monitored equity index that tracks 30 large-cap, prominent companies trading on U.S. stock exchanges.
What is the Dow mini?
Mini Dow futures offer a convenient means for investors and traders to take on speculative positions in the U.S. stock market. They can also be utilized to mitigate overall market risk in stock portfolios. Additionally, Mini Dow futures can be spread against other widely traded stock index futures.
What is pre-market stock trading?
Pre-market refers to any trading activity that takes place before the official opening of the markets. This time period is often used by traders to get a head start on the day’s trading and to react to any news or events that may have occurred overnight. It is important to note that pre-market trading can be volatile and may not always reflect the actual market conditions once the markets officially open.