Dow Jones futures are set to open Sunday evening, along with S&P 500 futures and Nasdaq futures, as the stock market rally experienced a retreat last week. While the selling has been orderly for the Nasdaq and S&P 500, the Dow Jones and other measures showed more damage elsewhere. However, certain stocks such as Nvidia, Apple, and Meta Platforms held their ground or even marched higher. Tesla, on the other hand, retreated modestly after significant recent gains.
In other news, a major insurrection by Russian mercenaries is currently underway, with potential geopolitical and market implications. Russian President Vladimir Putin has ordered the military to crush the insurrection, which has seized the major southern Russian city of Rostov and sent troops towards Moscow. This situation could escalate and potentially impact Russia’s Ukraine war, as well as crude oil and global markets.
As Dow Jones futures open, it’s important to note that overnight action doesn’t necessarily translate into actual trading in the next regular stock market session. The stock market rally experienced a pullback last week, with the Dow Jones Industrial Average slumping 1.7% and the S&P 500 and Nasdaq composite falling 1.4%. The small-cap Russell 2000 also tumbled 2.95%. Additionally, U.S. crude oil futures slumped 3.85% to $69.16 a barrel last week, and copper futures sank 2%.
Several stocks are currently near buy points, including MongoDB, HubSpot, Chipotle Mexican Grill, Shockwave Medical, and DexCom. These stocks have shown bullish technical action and are trading near potential entry points. DexCom also raised its fiscal 2025 revenue guidance at its investor day on Friday.
Nvidia stock continues to show market leadership, while Advanced Micro Devices and speculative plays such as C3.ai broke below their 21-day lines. Apple stock quietly set a fresh record high, and Meta stock reached a 16-month best.
Overall, the stock market rally is experiencing a pullback, and it’s important to closely watch leading stocks to see which names hold up the best. The events unfolding in Russia could have significant implications for the market, particularly in relation to the Ukraine war and global markets.l 1.4% for the week. However, tech giants like Nvidia, Apple, and Meta Platforms managed to hold their ground or even make gains. The Dow Jones and Russell 2000, on the other hand, showed more significant damage.
In other news, a major insurrection by Russian mercenaries is currently underway, with potential geopolitical and market implications. Russian President Vladimir Putin has ordered the military to crush the insurrection, which has already seized the major southern Russian city of Rostov and sent troops towards Moscow. This situation could escalate and have an impact on Russia’s Ukraine war, as well as potentially affecting crude oil and global markets.
As for the stock market, Dow Jones futures, S&P 500 futures, and Nasdaq futures are set to open on Sunday evening. It’s important to note that overnight action in futures doesn’t always translate into actual trading in the next regular stock market session.
Last week, the stock market rally experienced a pullback, with the Dow Jones Industrial Average slumping 1.7%, the S&P 500 falling 1.4%, and the Nasdaq composite showing modest declines. The small-cap Russell 2000 tumbled 2.95%. The 10-year Treasury yield also fell 3 basis points to 3.74%.
In terms of ETFs, growth ETFs like the Innovator IBD 50 ETF and the Innovator IBD Breakout Opportunities ETF saw declines, while the iShares Expanded Tech-Software Sector ETF and the VanEck Vectors Semiconductor ETF gave up 3% and 3.8% respectively. Reflecting more speculative stocks, the ARK Innovation ETF and ARK Genomics ETF retreated after seven weeks of gains. The SPDR S&P Metals & Mining ETF fell just over 2%, while the Global X U.S. Infrastructure Development ETF edged down 0.5%.
Several stocks are currently near buy points, including MongoDB, HubSpot, Chipotle Mexican Grill, Shockwave Medical, and DexCom. These stocks have shown bullish technical action and are worth watching closely.
In terms of individual stocks, Nvidia fell slightly but remains a market leader, while Advanced Micro Devices and C3.ai broke below their 21-day lines. Apple quietly set a fresh record high, and Meta Platforms reached a 16-month best.
Tesla stock retreated modestly after recent gains and is currently extended from the 21-day moving average. It may be forming a handle on a consolidation going back to late September.
Overall, the stock market rally is experiencing a pullback, but it remains to be seen how long it will last and what impact the Russian insurrection will have on global markets. Investors should closely monitor leading stocks and watch for potential buying opportunities.
2) How are leading stocks such as Nvidia, Apple, and Meta Platforms faring amid the stock market pullback
Futures are set to open tonight after the stock market experienced a retreat last week. While the selling was relatively orderly for the Nasdaq and S&P 500, the Dow Jones and other measures faced more significant damage. However, certain stocks like Nvidia, Apple, and Meta Platforms managed to hold their ground or even see gains. Tesla, on the other hand, saw a modest retreat after recent significant gains.
Meanwhile, there is a major insurrection currently taking place in Russia, led by Russian mercenaries. This event has potential geopolitical and market implications. Russian President Vladimir Putin has ordered the military to crush the insurrection, which has already taken control of the major southern Russian city of Rostov and is advancing towards Moscow. This situation could escalate and impact Russia’s Ukraine war, as well as have effects on crude oil and global markets.
When analyzing the stock market, it is important to remember that overnight action does not always directly translate into trading during regular market sessions. Last week, the stock market rally experienced a pullback, with the Dow Jones Industrial Average falling 1.7%, and the S&P 500 and Nasdaq composite dropping 1.4%. The small-cap Russell 2000 also had a significant decline of 2.95%. Additionally, U.S. crude oil futures fell 3.85% to $69.16 a barrel, and copper futures sank 2%.
Several stocks, including MongoDB, HubSpot, Chipotle Mexican Grill, Shockwave Medical, and DexCom, are currently near buy points. These stocks have displayed bullish technical action and are trading close to potential entry points. DexCom even increased its fiscal 2025 revenue guidance during its investor day on Friday.
Nvidia stock continues to demonstrate market leadership, while Advanced Micro Devices and speculative plays like C3.ai have fallen below their 21-day lines. Apple stock quietly reached a new record high, and Meta Platforms saw a 16-month peak.
In summary, the stock market rally is experiencing a pullback, and it is crucial to closely monitor leading stocks to see which ones hold up the best. The ongoing events in Russia could have significant implications for the market, especially regarding the Ukraine war and global markets.
