Stock futures set up in a holding pattern Friday, moving in tightly mixed trade as markets awaited the May payrolls report from the Labor Department. Electric vehicles stirred premarket trade, with Ford Motor and Tesla climbing. Earnings news fueled some strength in software and retail stocks. And a rebounding Boeing led the Dow Jones today.
Nasdaq futures led, up 0.2% on the stock market today. DocuSign
) and Tesla
) topped the Nasdaq 100, with Tesla aiming to stem a four-day decline
Dow Jones futures dipped a fraction. S&P 500 futures traded narrowly above fair market value. Ford Motor
) spun up 2.8%, leading the S&P 500, after Bloomberg reported
late Thursday the company was producing more electric than gas-powered modes of its popular Mustang coupes. Ford stock ended Thursday up 10% for the week, and up almost 17% since clearing a 13.72 buy point on May 26. Ford is an IBD Leaderboard
) and retailer Lululemon Athletica
) were Friday's earnings headliners, both trading modestly higher after reporting late Thursday.
In software earnings news, work management software developer Asana
) rallied more than 10%, moving the October new listing closer to a 43.82 buy point.
DocuSign launched 6.6% higher following a solid beat-and-raise first-quarter report. Database software play MongoDB
) jetted more than 5% higher after an above-forecast report.
Among retailers, JoAnn
) climbed 5.5%, Zumiez
) swung up 4.9%, and Five Below
) jumped 5.2% after their quarterly earnings reports.
Energy stocks were in motion as oil prices held near their highest level in 33 months. Occidental Petroleum
) and Devon Energy
) were early leaders, up about 1% each. Gas and oilfield data specialist Core Laboratories
) rocketed 9%, without any obvious news to explain the move.
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.