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Dow Jones Futures Fall As Market Rally Awaits Inflation Data; Tesla Sales Crash In China Confirmed

Posted Date: May 12 2021
Dow Jones futures fell modestly early Wednesday, along with S&P 500 futures and Nasdaq futures, with the consumer price index on tap Wednesday morning after inflation fears spooked investors worldwide Tuesday. The stock market rally had a wild session, closing down but off intraday lows, especially the Nasdaq.
Facebook (FB), Apple (AAPL), Nvidia (NVDA), Roblox (RBLXGoldman Sachs (GS), Trex (TREX) , Telsa stock and MarineMax (HZO) are among stocks to watch, though for different reasons.
Tesla (TSLA) remains in focus as it tries to find long-term support following surprisingly weak China sales figures, with yet more data confirming a huge decline vs. March. Apple stock also is trying to rebound from long-term averages. Facebook stock and Goldman Sachs are finding support in buy zones. Trex and HZO stock pulled back but are just below buy points. Nvidia stock is finding key support after a prior breakout fizzled. RBLX stock skyrocketed following earnings as it sets up another potential IPO base.
The stock market rally had a whipsaw session, with the major indexes tumbling at the open. At one point the Nasdaq was looking like a vertical violation. However the tech-heavy index, which has lagged in recent days and for the past few months, slashed losses. So did the small-cap Russell 2000. The Dow Jones and S&P 500 index were laggards Tuesday, but aren't far from record highs

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