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),
Amazon.com (
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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