Dow Jones Futures Set To Extend Market Rally Rebound, But What To Do Now? Disney, Coinbase Lead Earnings Movers

Posted Date: May 14 2021
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Dow Jones futures rose early Friday, along with S&P 500 futures and Nasdaq futures, as the stock market rally looks to extend Thursday's rebound. Bitcoin tried to steady as rival cryptocurrency Dogecoin soared on Elon Musk tweets.
 
The stock market rally got a much-needed win Thursday, helped by the CDC announcing new guidelines that vaccinated people no longer need to wear a mask in most situations.
 
Dow Jones giant Walt Disney (DIS) and newly public crypto assets sales platform Coinbase (COIN) headlined key earnings late Thursday.
 
The stock market rally had a positive session, even as Bitcoin tumbled. But while the major indexes strengthened, the overall weak conditions remains. Apple (AAPL) and Microsoft (MSFT) rebounded but hit resistance. Tesla (TSLA) and Square (SQ), meanwhile, fell through their 200-day lines as highly valued growth names continued to slump.
 
An opening bounce faded through much of the morning, with the Nasdaq briefly turning negative in the early afternoon. But stocks shored up on news that the Centers for Disease Control and Prevention recommended lifting most mask requirements and social distancing guidelines for fully vaccinated people.

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