Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher late Tuesday, as Georgia citizens continued voting to decide a pivotal runoff election. Apple stock rebounded after triggering a sell signal from a buy point, while Tesla aimed for more record highs after a price-target hike after the close Tuesday. JD.com surged to a breakout above a new buy point.
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The stock market rally recovered a portion of Monday’s sell-off losses, as it continues to trade just off record highs. The Dow Jones Industrial Average rallied 0.55%, or 167 points, while the S&P 500 climbed 0.7%. The tech-heavy Nasdaq composite moved up 0.95%.
Among the Dow Jones leaders, Apple (AAPL) gained 1.2%, while Microsoft (MSFT) edged higher. Apple stock triggered a key sell rule on Monday.
Tesla (TSLA) moved up 0.7% to extend a win streak to eight sessions. JD.com (JD) soared 10.6% to break out past a new buy point and move into buy range.
Stocks in or near buy zones in the current stock market rally are Nvidia (NVDA), Pinterest (PINS) and Target (TGT).
Apple, Microsoft, Target, and Tesla are IBD Leaderboard stocks. Pinterest is an IBD SwingTrader stock and was also featured in this week’s Stocks Near A Buy Zone column. JD.com and Nvidia were this week’s IBD Stock Of The Day picks.
Dow Jones Futures Today: Georgia Vote
Late Tuesday, Dow Jones futures rose 0.15% vs. fair value, while S&P 500 futures gained 0.2%. Nasdaq 100 futures moved up 0.25%. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Tuesday’s outcome in Georgia will determine whether Republicans will hold control of the Senate or Democrats retake the majority. The polls in Georgia will close at 7 p.m. ET. The New York Times will start to make forecasts after the polls close.
Among exchange traded funds, Innovator IBD 50 (FFTY) jumped 2% Tuesday. The Nasdaq 100-linked Invesco QQQ Trust ETF (QQQ) traded up 0.8%. Meanwhile, the SPDR S&P 500 ETF (SPY) ascended 0.7%.
Amid the coronavirus stock market rally, the major stock indexes looked to recover from a rough start to 2021. The tech-heavy Nasdaq ended 2020 up 43.6%, its best year since 2009. The S&P 500 was up 16.3%, while the DJIA advanced 7.2%.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 30391.60 | +167.71 | +0.55 |
| S&P 500 | (0S&P5) | 3726.86 | +26.21 | +0.71 |
| Nasdaq | (0NDQC ) | 12818.96 | +120.51 | +0.95 |
| Russell 2000 | (IWM) | 196.62 | +3.12 | +1.61 |
| IBD 50 | (FFTY) | 41.51 | +0.83 | +2.04 |
Last Update: 4:36 PM ET 1/5/2021 |
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Coronavirus Updates
According to the Worldometer data tracker, the cumulative number of confirmed coronavirus cases in the U.S. topped 21.4 million on Tuesday. Total virus-related deaths rose past 364,000.
The cumulative total of worldwide Covid-19 cases confirmed since the start of the outbreak topped 86.6 million Tuesday, with more than 1.87 million virus-related…
Read More: Dow Jones Futures Rally Amid Georgia Senate Vote; This Dow Leader