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Dow Jones Futures: Extended Stock Market Rally, Tesla Climax Run Are Volatile Mix; Nio Stock A Buy With New ET7 Sedan

Posted Date: January 11 2021
Dow Jones futures fell Monday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally shrugged off early losses and stunning events on Capitol Hill to deliver another week of solid gains, fueled by stimulus hopes. But the major indexes are looking increasingly extended, raising the risks of a pullback.
Electric vehicles makers are in focus, with Nio (NIO) unveiling its ET7 luxury sedan and new battery technology Saturday at its annual Nio Day. Nio stock jumped Monday morning. On Friday, Nio stock cleared a buy point. Chinese rivals Xpeng (XPEV), Li Auto (LI), BYD Co. (BYDDF) are looking strong.
 

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