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Dow Jones Futures Higher As Zoom Dives 12% On Earnings

Posted Date: August 31 2021
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher early Tuesday after the stock market rally hit new highs. Apple stock jumped to record highs, while PayPal and Tesla raced higher. Zoom stock dived 12% on earnings after the close.
On Monday, the Dow Jones Industrial Average dipped 0.2%. The S&P 500 climbed 0.4% and the Nasdaq rallied 0.9%; both indexes hit all-time highs.
Among the Dow Jones leadersApple (AAPL) rallied 3%, while Microsoft (MSFT) moved up 1.3% in today's stock marketHome Depot (HD) remains below a new buy point after a recent breakout attempt.
Tesla (TSLA) raced ahead 2.7%, moving further above a recent buy point. The EV leader is now at the top of its buy range. PayPal (PYPL) climbed more than 3.5% Monday, retaking its key 50-day moving average. A new buy point has emerged.
After the close, Zoom Video (ZM) reported better-than-expected Q2 earnings results. But Zoom stock dived as much as 12% in extended trade.
Among the top stocks to buy and watch, Academy Sports & Outdoors (ASO), Airbnb (ABNB), Mercado Libre (MELI) and Palantir Technologies (PLTR) are in or near new buy zones.
Airbnb, Microsoft and Tesla are IBD Leaderboard stocks. Academy Sports is an IBD IPO Leader. Palantir was featured in this week's Stocks Near A Buy Zone column. Airbnb was Tuesday's IBD Stock Of The Day.

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