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Dow Jones Futures Rise As Biden Touts Agenda, Tax Hikes; Apple, Facebook, Qualcomm Flash Buy Signals

April 29 2021
Dow Jones futures rose early Thursday, along with S&P 500 futures and especially Nasdaq futures, with Apple stock, Facebook (FB), ServiceNow (NOW) and Qualcomm (QCOM) headlining notable earnings movers. President Joe Biden touted his tax hike proposals and latest spending plans in a primetime address before Congress.
The stock market rally edged lower Wednesday, awaiting Apple earnings and Biden tax hike details. Investors also digested the latest Fed meeting announcement and Fed chief Jerome Powell's comments as well as overnight results from Microsoft stock, Google parent Alphabet (GOOGL) and many others. Google stock jumped to a new high while Microsoft retreated modestly. Tesla (TSLA) stock fell slightly, testing its 50-day line after Tuesday's post-earnings sell-off.
Apple (AAPL), Facebook, ServiceNow, Ford Motor (F), Qualcomm, Century Communities (CCS) and Align Technology (ALGN) all reported late Wednesday. So did Element Solutions (ESI) and shale plays Matador Resources (MTDR) and Continental Resources (CLR). All these stocks, from Apple to iPhone supplier Qualcomm stock, were in or near buy zones or early entries.
Apple and Facebook reported blowout earnings. But ServiceNow, Ford, Qualcomm, Century Communities, Align Technology, Element Solutions, Matador and Continental Resources also beat profit views.

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