Dow Jones Futures Fall: What To Do After Today’s Stock Market
Dow Jones futures were lower after Monday’s stock market sell-off. A key inflation report — the consumer price index — is due out Tuesday morning ahead of the market open.
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Stock Market Today
On Monday, the Dow Jones Industrial Average sold off 1.2% and the S&P 500 moved down 1.7%. The tech-heavy Nasdaq composite tumbled 2.2%. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) declined 2.4%, and the SPDR S&P 500 ETF (SPY) lost 1.7% Monday.
Electric-vehicle leader Tesla (TSLA) skidded nearly 5% Monday. Twitter (TWTR) reversed from losses to end 1.7% higher after Tesla Chief Executive Elon Musk decided against being a company director.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 34309.07 | -412.05 | -1.19 |
| S&P 500 | (0S&P5) | 4412.83 | -75.45 | -1.68 |
| Nasdaq | (0NDQC ) | 13411.96 | -299.04 | -2.18 |
| Russell 2000 | (IWM) | 196.54 | -1.33 | -0.67 |
| IBD 50 | (FFTY) | 35.89 | -0.71 | -1.94 |
Last Update: 4:30 PM ET 4/11/2022 |
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Chip stocks were among the day’s weakest performers. Nvidia (NVDA) tumbled 5.2% on an analyst downgrade. Advanced Micro Devices (AMD) slid 3.6% to hit its lowest level since July 2021.
As the stock market’s uptrend continues to struggle, Dow Jones financial leader American Express (AXP) — along with Alphabet (GOOGL), Broadcom (AVGO), IBD Leaderboard watchlist stock Edwards Lifesciences (EW), Raytheon Technologies (RTX) and Shell (SHEL) — are among Tuesday’s top stocks to buy and watch.
Elsewhere among the Dow Jones leaders, Apple (AAPL) declined 2.55% and Microsoft (MSFT) traded down 3.9% in today’s stock market.
Microsoft and Tesla are IBD Leaderboard stocks. Edwards Lifesciences and Raytheon Technologies were featured in this week’s Stocks Near A Buy Zone column.
Dow Jones Futures Today: Treasury Yields, Oil Prices, CPI
After Monday’s close, Dow Jones futures fell 0.35%, while S&P 500 futures lost 0.45% vs. fair value. Nasdaq 100 futures were down 0.6% vs. fair value. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
The 10-year U.S. Treasury yield extended a win streak to seven sessions Monday, rising to 2.78%, its highest level since Jan. 2019. U.S. oil prices slumped more than 3% Monday, as West Texas Intermediate crude traded below $95 a barrel. Also, China’s worsening virus outbreak is raising concerns about potential demand.
Consumer prices in March are projected to have risen 1.1% for a year-over-year rate of 8.4% — per Econoday estimates — which would be the fastest increase since Dec. 1981. The consumer price index measures the rate of inflation. Meanwhile, the White House said that it expects the “March CPI headline inflation (number) to be extraordinarily elevated due to Putin’s price hike.”
The Labor Department will release the CPI at 8:30 a.m. ET.
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