Article Image

Dow Jones Futures Rise, Bitcoin Reclaims $40,000 After Market Rally Holds Key Levels; Tesla Goes Off The Radar

Posted Date: May 26 2021
Dow Jones futures rose slightly early Wednesday, along with S&P 500 futures and Nasdaq futures. Bitcoin briefly reclaimed the $40,000 level as cryptocurrencies rebounded overnight.
 
The stock market rally paused Tuesday, with the major indexes edging lower following a nice bounce over the past few sessions. Chip-gear makers such as AMAT stock led, while travel stocks have some baggage and Tesla embarked on its vision-only quest for self driving.
 
TurboTax maker Intuit (INTU), cybersecurity stock Zscaler (ZS) and luxury homebuilder Toll Bros. (TOL) headlined earnings after the close. Dick's Sporting Goods (DKS) reports early Wednesday.
 
Zscaler stock jumped 10% in premarket trade on a beat-and-raise report. EPS jumped 114% with revenue growth accelerating for a fifth straight quarter, to 60%. signaling a gap above its 50-day line and possibly breaking a downward-sloping trend line. But ZS stock would still be well off record highs and below short-term resistance near 200.
 
Intuit stock, already in a buy zone, rose slightly overnight on solid earnings and guidance. INTU stock could move out of the 5% chase zone. Toll stock edged higher on earnings after shares bounced from their 50-day line Tuesday.

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.

Related Article

Loading...