Dow Jones futures, together with S&P 500 futures and Nasdaq 100 futures, have been larger late Monday after tech shares jumped forward of this week’s Fed assembly. Tesla inventory slid regardless of sturdy earnings and gross sales outcomes after the shut.


On Monday, the tech-heavy Nasdaq composite superior 0.9%. The S&P 500 moved up 0.2% to hit a brand new excessive, whereas the Dow Jones Industrial Average traded down 0.2%.

Among the Dow Jones leaders, Apple (AAPL) rose 0.3% Monday, whereas Microsoft (MSFT) edged larger in today’s stock market. Disney (DIS) is approaching a brand new purchase level, however stays beneath a essential degree.

Tesla (TSLA) rallied greater than 1% Monday forward of the corporate’s incomes outcomes after the shut. Late Monday, Tesla earnings beat the Street’s estimates, however shares slid in in a single day commerce. Meanwhile, sizzling IPO inventory Coinbase Global (COIN) rallied 4.4% amid the resurgent worth of Bitcoin.

Among the highest shares to purchase and watch, Generac (GNRC), Nvidia (NVDA) and PayPal (PYPL) are in or close to purchase zones.

Generac and Microsoft are IBD Leaderboard stocks. Nvidia and PayPal have been featured on this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Fed Meeting

After the inventory market shut Monday, Dow Jones futures, together with S&P 500 futures and Nasdaq 100 futures have been barely larger vs. truthful worth. Remember that buying and selling in Dow Jones futures and elsewhere does not essentially translate into precise buying and selling within the subsequent common stock market session.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 33981.97 -61.52 -0.18
S&P 500 (0S&P5) 4187.74 +7.57 +0.18
Nasdaq (0NDQC ) 14138.78 +121.97 +0.87
Russell 2000 (IWM) 228.09 +2.33 +1.03
IBD 50 (FFTY) 47.82 +1.13 +2.42
Last Update: 5:30 PM ET 4/26/2021

On Tuesday, the Federal Open Market Committee begins its two-day assembly, with remarks from Fed Chief Jerome Powell due Wednesday afternoon. No main coverage adjustments are anticipated.

Among exchange traded funds, the Innovator IBD 50 (FFTY) traded up 2.4% Monday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) gained 0.65%. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 0.2%.

Stock Market Rally: S&P Hits New Highs

Amid the present inventory market rally, the Dow Jones Industrial Average is nearing one other file excessive, whereas the S&P 500 notched a brand new excessive amid Monday’s acquire.

Meanwhile, the tech-heavy Nasdaq sits off its personal all-time highs amid Monday’s sturdy rise.

Friday’s Big Picture commented, “The stock market finished the week strong, as the tech-heavy Nasdaq led the major stock indexes higher Friday. The Nasdaq, Dow Jones Industrial Average and S&P 500 ended near session highs.”

For extra inventory market commentary, take a look at IBD’s The Big Picture.

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Bitcoin Surges Above $54,000; Coinbase Jumps

Bitcoin plunged as little as $47,079 Sunday evening earlier than surging larger to commerce as excessive as $54,398 Monday earlier than easing. Bitcoin traded round $54,000 in night commerce. On April 14, Bitcoin topped out at $64,829, according to Coindesk.

The Grayscale Bitcoin Trust (GBTC) jumped 8.4% Monday, including to Friday’s 2.6% rally. The Bitcoin-tracking ETF broke down beneath its key 50-day line final week and remains to be beneath it.

Cryptocurrency trade Coinbase jumped 4.4% Monday amid the energy in Bitcoin. Shares hit a post-IPO low Friday and are nonetheless about 30% off their excessive of 429.54.

The inventory’s weak spot illustrates the significance of ready for an IPO base to kind earlier than leaping into sizzling IPO shares.

Dow Jones Stocks: Disney’s New Buy Point

Dow Jones media big Disney is engaged on a brand new flat base with a 203.12 purchase level, in line with IBD MarketSmith chart evaluation. Shares rallied 0.7% Monday, however stay beneath their key 50-day transferring common.

A earlier breakout above a 183.50 flat-base entry on Feb. Eight led to some quick positive factors. But these positive factors have dissipated since early March.

Five Stocks Flashing Buy Signals; Tesla Faces Key Test

Stocks To Buy And Watch: Generac, Nvidia, PayPal

IBD Leaderboard inventory Generac is buying and selling simply off a cup-with-handle’s 342.38 buy point, in line with IBD MarketSmith chart evaluation. Shares are additionally rebounding from their 50-day line amid Monday’s 0.1% acquire.

Per Leaderboard commentary, “Generac’s chart shows a handle that offers a lower buy point; now it’s facing a crucial test of support near the 50-day moving average. Overall, the base is still forming above the 50-day moving average, which is good.”

Graphics-chip maker Nvidia is above its 615 purchase level in a new cup base after retaking the purchase level Monday amid the day’s 1.4% acquire. The 5% purchase zone goes as much as 645.75.

According to IBD Stock CheckupNvidia stock reveals a strong 93 out of an ideal 99 IBD Composite Rating. The IBD Composite Rating helps traders simply measure the standard of a inventory’s elementary and technical metrics.

Payments chief PayPal is constructing a cup with handle, providing a buy point at 277.96. Shares moved up 2.1% Monday, they usually stay above their 50-day line.

The digital-payments chief will report earnings on May 5. Analysts anticipate the corporate to earn $1.01 a share on income of $5.9 billion, in line with IBD knowledge.

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Tesla Earnings

Tesla earnings beat analyst estimates late Monday. The firm reported an adjusted 93 cents per share on income of $10.39 billion. Analysts polled by Zacks Investment Research anticipated EPS of 79 cents, a 216% year-over-year surge. Sales have been seen leaping 66% to $9.92 billion.

The EV chief delivered 184,800 automobiles in Q1, up 109% and beating estimates for 168,000.

Tesla Stock

Tesla inventory rallied greater than 1% Monday, including to Friday’s 1.35% acquire. The EV big is forming a brand new cup with deal with, providing a 780.89 purchase level. But it’s a late-stage base.

Late Monday, Tesla shares slid about 3% earlier than paring losses regardless of the corporate’s sturdy earnings and gross sales outcomes.

On Jan. 25, Tesla inventory hit a file excessive at 900.40, after climbing as a lot as 93% from a 466 purchase level in a cup with deal with.

Dow Jones Leaders: Apple, Microsoft

Among the highest Dow Jones stocks, Apple moved up 0.3% Monday, because the inventory continues to construct a cup base with a 145.19 purchase level, in line with MarketSmith chart analysis.

Software big Microsoft traded 0.15% larger Monday. Microsoft is buying and selling out of the 5% purchase vary previous a flat base’s 246.23 purchase level that tops out at 258.54.

Be positive to observe Scott Lehtonen on Twitter at @IBD_SLehtonen for extra on development shares and the Dow Jones Industrial Average.


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