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Dow Jones Futures Fall Sharply: Stock Market Rally Below Key Levels, Bitcoin Hits New Lows; More Bad Tesla News

Posted Date: May 19 2021
Dow Jones futures fell sharply Wednesday morning, along with S&P 500 futures and especially Nasdaq futures, while the Bitcoin price tumbled to fresh lows. Target stock jumped on strong earnings, signaling a buying opportunity.
The stock market rally retreated Tuesday, with the major indexes finishing at the worst levels of the day. The Dow Jones and S&P 500 fell below their 21-day lines. The Nasdaq and Russell 2000 hit resistance at their 50-day moving averages. Once again, new breakouts fizzled.
The tech-heavy Nasdaq rose for much of the session, even as Apple (AAPL), Microsoft (MSFT), Facebook (FB), Google (GOOGL) and Amazon (AMZN) retreated slightly. The biggest gains were among beaten-down 2020 winners such as Palantir Technologies (PLTR), Peloton Interactive (PTON), Snowflake (SNOW) and Zoom Video (ZM).

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