Dow Jones Futures Rise After Apple, Microsoft, Nvidia Add To Market Rally Weakness; Elon Musk Says This About Tesla Cybertruck
July 16 2021
Dow Jones futures rose slightly Friday morning, along with S&P 500 futures and Nasdaq futures. Moderna (MRNA) was an early leader while Intel (INTC) is eyeing a major acquisition.
The stock market rally was mixed Thursday, as tech giants Apple stock, Microsoft (MSFT), Amazon.com (AMZN) and Google parent Alphabet (GOOGL) all fell slightly, no longer covering up deteriorating conditions among many leaders.
In addition to the trillion-dollar quartet, Facebook (FB) also dipped while big caps Nvidia (NVDA) and ASML (ASML) — and many other chip stocks — fell solidly in the wake of so-so earnings from Taiwan Semiconductor (TSM). Software slumped, while former leaders that had rebounded for several weeks continued their July retreats. Apparel retailers suffered some chart damage, though Lululemon (LULU) looks strong.
Tesla stock edged lower Thursday but rallied off its 200-day line. Tesla CEO Elon Musk tweeted that there is "some chance that Cybertruck will flop."
The stock market rally was mixed Thursday, as tech giants Apple stock, Microsoft (MSFT), Amazon.com (AMZN) and Google parent Alphabet (GOOGL) all fell slightly, no longer covering up deteriorating conditions among many leaders.
In addition to the trillion-dollar quartet, Facebook (FB) also dipped while big caps Nvidia (NVDA) and ASML (ASML) — and many other chip stocks — fell solidly in the wake of so-so earnings from Taiwan Semiconductor (TSM). Software slumped, while former leaders that had rebounded for several weeks continued their July retreats. Apparel retailers suffered some chart damage, though Lululemon (LULU) looks strong.
Tesla stock edged lower Thursday but rallied off its 200-day line. Tesla CEO Elon Musk tweeted that there is "some chance that Cybertruck will flop."
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