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Dow Jones Futures: Why The Market Rally Is So Strong; Tesla Holds Buy Point Despite Bad News

Posted Date: September 06 2021
Dow Jones futures rose slightly Monday morning, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Labor Day. The stock market rally had another solid week, with growth and small-cap stocks leading once again. The S&P 500 index and Nasdaq composite hit record highs.
Negative Tesla (TSLA) headlines are building up on expanding crash probes and product delays, but Tesla stock held its buy point Friday.
PayPal (PYPL), (AMZN), Lululemon Athletica (LULU), Nike (NKE) and Applied Materials (AMAT) are all finding support near their 50-day moving averages, offering potential buying opportunities.
Tesla stock and PayPal are on IBD Leaderboard. PayPal stock also is on IBD Long-Term Leaders.
The video embedded in this article analyzes DocuSign (DOCU), PayPal and Lululemon stock.
In S&P index news, Match Group (MTCH), Ceridian (CDAY) and Brown & Brown (BRO) will move from the S&P MidCap 400 to the S&P 500 before the open on Monday, Sept. 20. Tandem Diabetes (TNDM) will be added to the S&P MidCap 400. Meanwhile, Microstrategy (MSTR) is being dropped from the S&P SmallCap 600.

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