Dow Jones Futures; Market Rally Resilient, Tesla Strong Amid ARK

Dow Jones futures fell slightly Thursday night, along with S&P 500 futures and Nasdaq futures. The stock market rally initially retreated Thursday but closed narrowly mixed, holding Wednesday’s rebound from key levels.

A number of stocks flashed buy signals. Palantir Technologies (PLTR) followed through on Wednesday’s move. and Applied Materials (AMAT) flashed early buy points. CAR stock, Macy’s (M) and Mosaic (MOS) also made bullish, actionable moves.

Meanwhile, Tesla (TSLA) eked out a small gain, continuing to trend higher in a buy zone. That’s despite ARK Invest selling significant Tesla stock holdings this month.

Tesla stock is on IBD Leaderboard. Macy’s, Avis Budget Group (CAR) and PLTR stock are on SwingTrader.

The video embedded in this article analyzed eBay (EBAY), Avis and Macy’s stock.

Dow Jones Futures Today

Dow Jones futures fell 0.15% vs. fair value. S&P 500 futures declined 0.2% and Nasdaq 100 futures lost 0.2%.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

Stock Market Rally

The stock market rally pulled back Thursday morning but closed little changed.

Before the open, weekly jobless claims were a little higher than expected, but August retail sales and the September Philly Fed manufacturing index were much better than expected. All in all, the data bolstered the likelihood that the Federal Reserve will decide at next week’s policy meeting to begin tapering bond buys. The 10-year Treasury yield rose three basis points to 1.33%.

The Dow Jones Industrial Average fell 0.2% in Thursday’s stock market trading. The S&P 500 index dipped 0.2%. The Nasdaq composite rose 0.1%. The small-cap Russell 2000 climbed about 0.1%.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) popped 2%, while the Innovator IBD Breakout Opportunities ETF (BOUT) edged up 0.2%.  The iShares Expanded Tech-Software Sector ETF (IGV) advanced 0.7%. The VanEck Vectors Semiconductor ETF (SMH) eked out a 0.15% gain%. AMAT stock is a notable SMH component.

SPDR S&P Metals & Mining ETF (XME) tumbled 3.85%, as miners skidded and steelmakers gave up much of Wednesday’s gains. The Global X U.S. Infrastructure Development ETF (PAVE) retreated 0.8%. U.S. Global Jets ETF (JETS) climbed 1%. SPDR S&P Homebuilders ETF (XHB) edged up 0.3%. The Energy Select SPDR ETF (XLE) sank 1.1% and the Financial Select SPDR ETF (XLF) dipped 0.3%%.

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) climbed 0.6% and ARK Genomics ETF (ARKG) 0.4%, though both remain below key moving averages. Tesla stock remains the top holding across ARK Invest ETFs. ARK also owns PLTR stock.

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ARK Sells Tesla Stock

ARK ETFs sold $62 million of TSLA stock on Wednesday, bringing September’s total to $266 million. Most of that came after ARK’s Cathie Wood…