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Dow Jones Futures: Stock Market Rally Boosted By Pfizer Covid-19 Vaccine FDA Approval, But Fed Summit Looms

Posted Date: August 24 2021
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher ahead of the market open Tuesday. The stock market rally received a strong boost following full FDA approval of the Pfizer Covid-19 vaccine. But an annual Fed summit focusing on rising inflation looms later this week.
On Monday, the Dow Jones Industrial Average advanced 0.6%. The S&P 500 climbed 0.85% and the Nasdaq rallied 1.55%; both indexes hit all-time highs.
Among the Dow Jones leadersApple (AAPL) rallied 1% Monday, while Microsoft (MSFT) moved up 0.1% in today's stock marketHome Depot (HD) remains below a new buy point after a recent breakout attempt.
Tesla (TSLA) raced nearly 4% higher, bullishly retaking a recent buy point. The EV leader is back in buy range.
After the close Monday, cybersecurity leader Palo Alto Networks (PANWreported strong fiscal-Q4 results. Shares jumped over 11% in morning trade. Best Buy (BBY) will report ahead of the market open Tuesday.
Among the top stocks to buy and watch, Mercado Libre (MELI), Nvidia (NVDA) and Snap (SNAP) are in or near new buy zones.
Microsoft, Nvidia and Tesla are IBD Leaderboard stocks. Nvidia is also an IBD SwingTrader stock. Nvidia and Snap featured in this week's Stocks Near A Buy Zone column. Snap was also Monday's IBD Stock Of The Day.

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