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 potentially significant geopolitical and market implications. Russian President Vladimir Putin has ordered the military to crush the insurrection by Wagner mercenaries, who have seized the major southern Russian city of Rostov and are now moving towards Moscow. This situation could escalate and have an impact on Russia’s ongoing conflict with Ukraine, as well as potentially affecting crude oil and global markets.
As Dow Jones futures open, it is important to note that overnight action does not always translate into actual trading in the next regular stock market session. Investors should closely watch leading stocks during this market pullback to see which names hold up the best.
Overall, the stock market rally experienced a pullback last week, with the Dow Jones Industrial Average, S&P 500, and Nasdaq composite all falling. The small-cap Russell 2000 also struggled. U.S. crude oil futures and copper futures both saw declines, while the U.S. dollar had a strong week.
In terms of ETFs, growth ETFs such as the Innovator IBD 50 ETF and the Innovator IBD Breakout Opportunities ETF fell, while the iShares Expanded Tech-Software Sector ETF and the VanEck Vectors Semiconductor ETF also saw declines. Reflecting more speculative story stocks, the ARK Innovation ETF and ARK Genomics ETF retreated after several weeks of gains. The SPDR S&P Metals & Mining ETF and the Global X U.S. Infrastructure Development ETF also fell, while the U.S. Global Jets ETF and the SPDR S&P Homebuilders ETF experienced mixed results.
Several stocks are currently near buy points, including MongoDB, HubSpot, Chipotle, Shockwave Medical, and DexCom. These stocks have shown bullish technical action and are trading near potential entry points. DexCom recently raised its fiscal 2025 revenue guidance at its investor day.
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, while Meta Platforms reached a 16-month best.
Tesla stock experienced a modest retreat after recent gains and several analyst downgrades. It is currently extended from the 21-day moving average and may be forming a consolidation pattern.
Overall, the stock market rally pulled back last week, but the retreat has been relatively orderly for most leading stocks. The Nasdaq and S&P 500 fell back to their respective moving averages, while the Dow Jones and Russell 2000 showed more weakness. Apple, Meta, Nvidia, and Tesla provided some support during this pullback.
As the market continues to navigate these developments, investors should closely monitor leading stocks and watch for potential buying opportunities.impressive multiweek win streak, showed modest declines last week. However, some tech giants like Nvidia, Apple, and Meta Platforms managed to hold their ground or even reach new highs. On the other hand, the Dow Jones, Russell 2000, and other measures experienced more significant damage.
Despite the market pullback, several stocks, including MongoDB, HubSpot, Chipotle Mexican Grill, Shockwave Medical, and DexCom, are holding up well and trading near buy points. These stocks have shown bullish technical action and could be worth watching closely.
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 is now moving towards Moscow. The situation is escalating, and it could impact Russia’s ongoing war with Ukraine, as well as global markets and crude oil prices.
As for the stock market futures, Dow Jones futures, S&P 500 futures, and Nasdaq futures will open on Sunday evening. However, it’s important to note that overnight action in futures doesn’t always translate into actual trading during regular stock market sessions.
Overall, the stock market rally experienced a pullback last week, with the Nasdaq and small caps struggling. The Dow Jones Industrial Average slumped 1.7%, while the S&P 500 and Nasdaq composite fell 1.4% and the small-cap Russell 2000 tumbled 2.95%. The 10-year Treasury yield also fell, and U.S. crude oil futures slumped.
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 a significant amount. Reflecting more speculative stocks, ARK Innovation ETF and ARK Genomics ETF retreated after several weeks of gains. The Financial Select SPDR ETF and the SPDR S&P Regional Banking ETF also saw significant declines.
In terms of individual stocks, several are near buy points, including MongoDB, HubSpot, Chipotle, Shockwave, and DexCom. Nvidia stock, despite a slight decline, remains a market leader, while Advanced Micro Devices and C3.ai broke below their 21-day lines. Apple stock quietly set a new record high, and Meta stock reached a 16-month best.
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 any potential opportunities or reversals in the market.
How might the escalating situation in Rostov and Moscow impact Russia’s conflict with Ukraine and global markets, particularly in terms of crude oil prices?
Ian city of Rostov and is now heading towards Moscow. This situation could escalate and have an impact on Russia’s conflict with Ukraine, as well as potentially affecting crude oil and global markets.
It is important to note that the action in Dow Jones futures opening on Sunday evening may not necessarily translate into actual trading during the next regular stock market session. Investors should closely monitor leading stocks during this market pullback to see which names remain strong.
Last week, the stock market rally experienced a pullback, with the Dow Jones Industrial Average, S&P 500, and Nasdaq composite all falling. The small-cap Russell 2000 also faced difficulties. Both U.S. crude oil futures and copper futures saw declines, while the U.S. dollar had a strong week.
In terms of ETFs, growth ETFs like the Innovator IBD 50 ETF and the Innovator IBD Breakout Opportunities ETF saw decreases, while the iShares Expanded Tech-Software Sector ETF and the VanEck Vectors Semiconductor ETF also faced declines. The ARK Innovation ETF and ARK Genomics ETF, representing more speculative stocks, retreated after several weeks of gains. The SPDR S&P Metals & Mining ETF and the Global X U.S. Infrastructure Development ETF also fell, while the U.S. Global Jets ETF and the SPDR S&P Homebuilders ETF had mixed results.
Several stocks, including MongoDB, HubSpot, Chipotle, Shockwave Medical, and DexCom, are currently near buy points, showing positive technical signals and trading close to potential entry points. DexCom recently raised its fiscal 2025 revenue guidance during its investor day.
Nvidia stock continues to exhibit market leadership, while Advanced Micro Devices and speculative plays like C3.ai have fallen below their 21-day lines. Apple stock achieved a new record high, while Meta Platforms reached its highest point in 16 months.
Tesla stock experienced a modest retreat following recent gains and a few analyst downgrades. It is currently trading above the 21-day moving average and might be forming a consolidation pattern.
Even though the stock market pulled back last week, the retreat has been relatively orderly for most leading stocks. The Nasdaq and S&P 500 returned to their respective moving averages, while the Dow Jones and Russell 2000 showed more weakness. Companies such as Apple, Meta, Nvidia, and Tesla provided some support during this pullback.
As the market continues to navigate these developments, investors should closely monitor leading stocks and watch for potential buying opportunities.
This article sheds light on the concerning role of Russian mercenaries and its potential consequences on both the geopolitical and market fronts. It emphasizes the need for vigilant monitoring and robust strategies to mitigate potential turmoil.