Finance

Futures rise as Nvidia, Tesla rebound


The Dow Jones Industrial Average and other major stock indexes rose sharply on Tuesday, with stocks expected to rebound from Monday’s losses.Prominent investor Cathie Wood buys over $28 million worth of stock Tesla (Tesla). And former President Donald Trump’s social media platform, Truth Social, surged 50% in its stock market debut today.




X



The Dow Jones Industrial Average rose 0.1% in early trading, while the S&P 500 rose 0.3%. The tech-heavy Nasdaq index rose 0.5% after the opening bell.

The 10-year Treasury yield rose to 4.26%. Elsewhere, oil prices edged higher, with West Texas Intermediate crude futures rising 0.4% to trade above $82 a barrel.

between us exchange traded fundsNasdaq 100 Tracker Invesco QQQ Trust ETF (QQ) rose 0.3%, while the SPDR S&P 500 ETF (spy) rose 0.3%.

Stock Market Today: Cathie Wood Buys Tesla, Trump Debuts

Magnificent Seven Stocks Nvidia shares rose 0.2% in early trading on Tuesday, looking to extend its winning streak to seven sessions and move closer to new highs. IBD Ranking Stocks.

Cathie Wood’s Ark Invest fund bought more than 163,000 Tesla shares on Monday, worth about $28.2 million at closing prices, according to daily trading disclosures. Tesla stock ended a two-day slide on Monday, but is still down more than 40% from the $52 index. Zhou Gao.

Tesla shares rose more than 5% on Tuesday CEO Musk tweeted Tesla’s self-driving software, Full Self Driving, will be available to customers for a one-month free trial.

Elsewhere, Digital World Acquisition Now Trump Media Technology Group (DJT) after the digital world successfully merged with Trump’s technology and social media platforms.

On Tuesday, the common stock and public warrants began trading on Nasdaq under the ticker symbols “DJT” and “DJTWW” respectively. In early trading on Tuesday, Trump Media Company’s stock price surged 50% under the symbol DJT.


Be sure to read how to adapt to changing market conditions based on IBD’s new risk levels.


Dow Jones drops

On Monday, the Dow Jones Industrial Average fell 0.4% and the S&P 500 fell 0.3%. The tech-heavy Nasdaq fell 0.3%.

Monday’s Big Picture Column Commented: “The S&P 500 is up 9.4% year to date and is expected to have its best first quarter performance since 2019. Whenever the first quarter rises at least 8%, the S&P 500 averages gains for the rest of the year. 9.7%,” according to Dow Jones Market Data. Going back to 1950, prices ended the year higher 94% of the time. “

Now is an important time to read IBD’s Big Picture Column As the stock market continues to rise. Be sure to read How to Adapt to Changing Market Conditions, New exposure levels for IBD.


Learn how to time the stock market with IBD’s ETF market strategy


The most noteworthy stocks in the stock market today

letter (Google), Arista Networks (Arnett), Duolingo (Double) and Draft king (East Ken NG) — plus Dow Jones constituents disney (DIS), International Business Machines Corporation (International Business Machines Corporation) and Verizon Communications (Wiz) – is one of the most noteworthy stocks on the stock market today.

Google and DraftKings are both present at the event Stock bar near buy zone.

A great resource for daily breakthroughs is IBD MarketSurge “Today’s Outbreak” list. Market surge 250 Stocks that are breaking new buying points. There was a breakout on Monday: Allstate (all). The stock price broke through the cup bottom of 168.95 points. Shares were higher in early trading Tuesday.

Meanwhile, MarketSurge’s “Near Pivot Points” list shows the stock is close to a bottom buy point.


Get real-time buy and sell alerts from stock market leaders with the IBD Rankings


Dow Jones: Disney, IBM, Verizon

Disney Breaks 112.92 for Large Cup Base with Handle buy some According to reports, in recent weeks IBD market surges graph analysis. Shares closed out of buy range, up 3%. Shares were up 0.3% on Tuesday morning.

IBM shares remain below the 196.90 buy point of the flat bottom, falling 1.1% on Monday. Shares were up 0.2% in early trading Tuesday.

Telecommunications giant Verizon is building a flat base with a 43.21 entry, with the stock scrambling for support at its key 50-day moving average. Verizon shares were flat Tuesday.


4 Growth Stocks to Watch Stock market rebounds


Stock Market Today: Google About to Breakout

Google parent Alphabet is quickly approaching a consolidated buy point of 153.78, although the stock fell 0.5% on Monday. Google shares rose 0.3% on Tuesday.

Arista shares fell 0.3% on Monday and are in buy range above a 292.66 flat bottom buy someaccording to market surge Arista shares fell 0.7% early Tuesday.

IPO leader Duolingo It is trying to break through the handle cup entry point of 241.86, but after falling 2.4% on Monday, the price is about 6% below the buy trigger point. Further losses will trigger the 7% sell rule. The stock was slightly higher Tuesday morning.

at last, Draft king Amid short-term consolidation, the company held the top of its buy range above a 46.52 buy point, rising 0.3% on Monday. The sports betting giant was up 3.3% on Tuesday morning.


IBD’s latest newsletter, MarketDiem, gives you actionable ideas on stocks, options, and cryptocurrencies right in your inbox


Stocks to watch

These are four stocks that are in or near buy territory in the stock market today.

Company Name symbol The right buying point Point of purchase type
disney (DIS) 112.92 cup with handle
Arista Networks (Arnett) 292.66 flat base
Draft king (East Ken NG) 45.62 merge
Duolingo (Double) 241.86 cup with handle
Source: IBD data as of March 25, 2024

Join IBD experts on IBD Live to analyze the leading stocks rising in the current market


Dow Jones Index leaders: Apple, Microsoft

among Dow Jones Stocks In the Seven Heroes, apple (AAPL) and Microsoft (Microsoft Corporation) mixed transaction After the stock market opens on Tuesday.

Apple shares fell 0.8% on Monday, near recent lows. Shares remain well below the 200-day moving average. Apple shares fell 0.5% on Tuesday morning.

Microsoft stock has found support at its 50-day line in recent weeks, hitting new highs and rising 0.3% in early trading on Tuesday.

Be sure to follow Scott Lehtonen on X (formerly Twitter): @IBD_SLehtonen Learn more about growth stocks, the Dow Jones Industrial Average and today’s stock market.

You might also like:

Top Growth Stocks Worth Buying and Watching

Learn how to time the market with IBD’s ETF market strategy

Find the best long-term investments with IBD’s long-term leaders

Nvidia partners drive AI megatrend to achieve 3,594% gain – with more to come

Determine spot buying points and selling signals through MarketSurge pattern recognition





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button