Dow Jones Futures Rally As Tesla Gives Up Key Level; Baidu Jumps On Earnings

Posted Date: May 18 2021
Article Image
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were higher early Tuesday. Tesla stock broke down through a key support level with sharp losses Monday. Baidu (BIDU) jumped after reporting earnings ahead of the open.
 
The stock market slashed losses Monday. The tech-heavy Nasdaq composite closed down 0.4%. The S&P 500 lost 0.25%, while the Dow Jones Industrial Average eased 0.2% lower.
 
Among the Dow Jones leadersApple (AAPL) sold off 0.9% Monday, while Microsoft (MSFT) declined 1.2% in today's stock marketGoldman Sachs (GS) and JPMorgan (JPM) are in buy zones after recent breakouts.
 
Tesla (TSLA) continues to struggle, sliding over 2% Monday to again fall below its key long-term 200-day moving average line.
 
Among the top stocks to buy and watch, Alphabet (GOOGL), ASML (ASML), Jefferies Financial Group (JEF) and Cameco (CCJ) are in or near buy zones.

What do you think? Please email us any questions or comments.

Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.
Loading...