Dow Jones Futures: Apple, Google, Tech Titans Drive Stock Market Rally; Three Are In Buy Range
Posted Date: July 05 2021
Dow Jones futures tilted lower Sunday night, along with S&P 500 futures and Nasdaq futures. The stock market rally showed solid gains in the major indexes, fueled by strong gains by the five trillion-dollar tech giants: Apple stock, Microsoft (MSFT), Amazon.com (AMZN), Facebook (FB) and Google parent Alphabet (GOOGL).
Apple (AAPL) broke out past a buy point late last week. Google stock moved higher in its buy zone, while Amazon flashed at least an early entry. Microsoft stock moved out of its buy zone while Facebook stock looks extended. All FB stock did last week was hit a record high and a $1 trillion valuation for the first time.
The megacap techs, along with big-cap chip winners such as Nvidia (NVDA) and AMD (AMD), fueled the S&P 500 and Nasdaq composite to record highs, while the Dow Jones set a record close.
But many growth stocks had nasty sell-offs or reversals. On the plus side, some growth stocks had more-gentle pauses, forging new buy points. Still, while the stock market rally is in a confirmed uptrend, investors need to follow their buy and sell rules.
Microsoft stock and Google are on IBD Leaderboard and IBD Long-Term Leaders.
Apple (AAPL) broke out past a buy point late last week. Google stock moved higher in its buy zone, while Amazon flashed at least an early entry. Microsoft stock moved out of its buy zone while Facebook stock looks extended. All FB stock did last week was hit a record high and a $1 trillion valuation for the first time.
The megacap techs, along with big-cap chip winners such as Nvidia (NVDA) and AMD (AMD), fueled the S&P 500 and Nasdaq composite to record highs, while the Dow Jones set a record close.
But many growth stocks had nasty sell-offs or reversals. On the plus side, some growth stocks had more-gentle pauses, forging new buy points. Still, while the stock market rally is in a confirmed uptrend, investors need to follow their buy and sell rules.
Microsoft stock and Google are on IBD Leaderboard and IBD Long-Term Leaders.
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