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Dow Jones Futures Rise On Apple Car Buzz, But iPhone Chipmakers Tumble; eBay, PayPal Jump

Posted Date: February 04 2021
Dow Jones futures rose slightly Thursday morning, along with S&P 500 futures and Nasdaq futures, as PayPal (PYPL), eBay (EBAY) and Apple (AAPL) chipmakers Qualcomm (QCOM) and Qorvo (QRVO) headlined earnings late Wednesday, while Apple Car buzz lifted the megacap.
The stock market rally held onto strong gains from Monday and Tuesday. President Joe Biden signaled some willingness to compromise on the size of his stimulus bill and how many Americans would receive direct checks. Growth stocks didn't fare well, but there were several new breakouts, including Pinduoduo (PDD), ZoomInfo Technologies (ZI), Dynatrace (DT) and Farfetch (FTCH).

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