MarketsmithIndia Articles

Dow Jones Futures Rise As Treasury Yields Retreat After Nasdaq Breaks Support, Tesla, Apple Hit Resistance

March 19 2021
Dow Jones futures and S&P 500 futures rose modestly Friday morning, while Nasdaq futures rose solidly as the 10-year Treasury yield pulled back from 52-week highs. The stock market rally had a tough session Thursday. The Dow fell modestly while the Nasdaq dived below key support, as Apple stock, Tesla (TSLA) and many other techs tumbled from resistance areas.
Soaring Treasury yields were the trigger Thursday, though a new Covid shutdown in France and plunging crude oil prices didn't help. Investors should largely steer clear of tech stocks while investing prudently in other rising sectors.

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.

Related Article