Dow Jones Futures Fall: What To Do After Stock Market Sell-Off Before Key Inflation Report

Dow Jones futures were lower Tuesday after Monday’s stock market sell-off. A key inflation report — the consumer price index — is due out Tuesday morning ahead of the market open.

X

Stock Market Today

On Monday, the Dow Jones Industrial Average sold off 1.2% and the S&P 500 moved down 1.7%. The tech-heavy Nasdaq composite tumbled 2.2%. Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) declined 2.4%, and the SPDR S&P 500 ETF (SPY) lost 1.7% Monday.

Electric-vehicle leader Tesla (TSLA) skidded nearly 5% Monday. Twitter (TWTR) reversed from losses to end 1.7% higher after Tesla Chief Executive Elon Musk decided against being a company director.

U.S. Stock Market Today Overview

Index
Symbol
Price
Gain/Loss
% Change

Dow Jones
(0DJIA)
34309.07
-412.05
-1.19

S&P 500
(0S&P5)
4412.83
-75.45
-1.68

Nasdaq
(0NDQC )
13411.96
-299.04
-2.18

Russell 2000
(IWM)
196.54
-1.33
-0.67

IBD 50
(FFTY)
35.89
-0.71
-1.94

Last Update: 4:30 PM ET 4/11/2022

Chip stocks were among the day’s weakest performers. Nvidia (NVDA) tumbled 5.2% on an analyst downgrade. Advanced Micro Devices (AMD) slid 3.6% to hit its lowest level since July 2021.

As the stock market’s uptrend continues to struggle, Dow Jones financial leader American Express (AXP) — along with Alphabet (GOOGL), Broadcom (AVGO), IBD Leaderboard watchlist stock Edwards Lifesciences (EW), Raytheon Technologies (RTX) and Shell (SHEL) — are among Tuesday’s top stocks to buy and watch.

Elsewhere among the Dow Jones leaders, Apple (AAPL) declined 2.55% and Microsoft (MSFT) traded down 3.9% in today’s stock market.

Microsoft and Tesla are IBD Leaderboard stocks. Edwards Lifesciences and Raytheon Technologies were featured in this week’s Stocks Near A Buy Zone column.

Dow Jones Futures Today: Treasury Yields, Oil Prices, CPI

Before Tuesday’s open, Dow Jones futures fell 0.1%, while S&P 500 futures lost less than 0.1% vs. fair value. Nasdaq 100 futures inched higher vs. fair value. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily…

..

Read More

Recommended For You

Leave a Reply

Your email address will not be published. Required fields are marked *