Dow Jones Futures Rise: What To Do After Today’s Stock Market Fall;
Dow Jones futures were higher late after today’s stock market fall, as the 10-year Treasury yield hit another 52-week high. Tech earnings will kick off this week with highly-anticipated results from Netflix (NFLX) and Tesla (TSLA).
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Stock Market Today
On Monday, the Dow Jones Industrial Average dropped 0.1%, and the S&P 500 moved down less than 0.1%. The tech-heavy Nasdaq composite fell a bit more than 0.1%. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) rose 0.1%, and the SPDR S&P 500 ETF (SPY) inched higher.
Electric-vehicle leader Tesla (TSLA) raced 2% higher Monday ahead of this week’s earnings results. Twitter (TWTR) jumped 7.5% after the company adopted a “poison pill” plan to deter Tesla Chief Executive Elon Musk’s buyout.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 34412.61 | -38.62 | -0.11 |
| S&P 500 | (0S&P5) | 4391.81 | -0.78 | -0.02 |
| Nasdaq | (0NDQC ) | 13332.36 | -18.72 | -0.14 |
| Russell 2000 | (IWM) | 197.62 | -1.34 | -0.67 |
| IBD 50 | (FFTY) | 36.32 | -0.22 | -0.60 |
Last Update: 4:26 PM ET 4/18/2022 |
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Despite the struggling stock market rally, Dow Jones leaders American Express (AXP) and Caterpillar (CAT) — along with IBD Leaderboard watchlist stock Edwards Lifesciences (EW), Murphy Oil (MUR), Raytheon Technologies (RTX), Shell (SHEL) and Ulta Beauty (ULTA) — are among Monday’s top stocks to buy and watch.
Elsewhere among the Dow Jones leaders, Apple (AAPL) declined 0.1% and Microsoft (MSFT) traded up 0.25% in today’s stock market.
Microsoft and Tesla are IBD Leaderboard stocks. Caterpillar and Edwards Lifesciences were featured in this week’s Stocks Near A Buy Zone column. Edwards was also Monday’s IBD Stock Of The Day. And Caterpillar is an IBD SwingTrader stock.
Dow Jones Futures Today: Treasury Yields, Oil Prices
After Monday’s close, Dow Jones futures rose 0.2% vs. fair value, and S&P 500 futures gained 0.3%. Nasdaq 100 futures climbed 0.45% 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 rose to 2.86% Monday, its highest level since December 2018. Meanwhile, U.S. oil prices rallied about 1%, trading just above $107 a barrel.
Stock Market Rally Struggles: What To Do Now
On Monday, the stock market finished with modest losses, extending Thursday’s sharp declines.
Even though the underlying uptrend is still intact, it’s time to proceed with a greater degree of caution. Be wary of most new purchases and focus only on stocks that have exceptional fundamentals and heavy-volume breakouts past correct buy points. Also, be flexible. The market may rebound and move back into “confirmed uptrend,” or the heavy selling could persist and lead to a correction.
Thursday’s The Big Picture column cautioned, “The Nasdaq has wiped out all gains from its March 18 follow-through and is below its 50-day moving average. The…
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