Dow Jones futures rose slightly early Wednesday, along with S&P 500 futures and Nasdaq futures. Bitcoin briefly reclaimed the $40,000 level as cryptocurrencies rebounded overnight.
The stock market rally paused Tuesday, with the major indexes edging lower following a nice bounce over the past few sessions. Chip-gear makers such as AMAT stock led, while travel stocks have some baggage and Tesla embarked on its vision-only quest for self driving.
TurboTax maker Intuit
), cybersecurity stock Zscaler
) and luxury homebuilder Toll Bros.
) headlined earnings after the close. Dick's Sporting Goods
) reports early Wednesday. Zscaler stock jumped
10% in premarket trade on a beat-and-raise report. EPS jumped 114% with revenue growth accelerating for a fifth straight quarter, to 60%. signaling a gap above its 50-day line and possibly breaking a downward-sloping trend line. But ZS stock would still be well off record highs and below short-term resistance near 200.
Intuit stock, already in a buy zone, rose slightly overnight on solid earnings and guidance. INTU stock could move out of the 5% chase zone. Toll stock edged higher on earnings after shares bounced from their 50-day line Tuesday.
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