Stock Futures Soar as Nvidia and Tesla Surge

Stock Futures Soar as Nvidia and Tesla Surge

Futures on the Dow and other major indexes climbed Tuesday as stocks appeared to rebound from Monday’s losses. Nvidia (NVDA) hit record highs, while celebrity investor Cathie Wood purchased more than $28 million worth of You’re here (TSLA). And former President Donald Trump’s social media platform, Truth Social, is set to make its public debut today.


Dow Jones futures rose 0.1% from fair value in morning action, while S&P 500 futures gained 0.2%. Tech-heavy futures on the Nasdaq 100 climbed 0.3% before the opening bell.

The yield on the 10-year Treasury rose to 4.27%. Additionally, oil prices edged higher, with West Texas Intermediate futures gaining 0.4% to trade above $82 per barrel.

Among us exchange traded fundsthe Invesco QQQ Trust tracker Nasdaq 100 ETF (QQQ) is up 0.3%, while the SPDR S&P 500 ETF (TO SPY) increased by 0.3%.

Stock market today: Cathie Wood buys Tesla and debuts with Trump

Magnificent stock Seven Nvidia climbed nearly 1% in Tuesday’s premarket, looking to extend its winning streak to seven sessions and move closer to new highs. Nvidia is a IBD Ranking Stocks.

Cathie Wood’s Ark Invest funds purchased more than 163,000 Tesla shares on Monday, worth about $28.2 million using the closing price, according to daily trading information. Tesla stock experienced a two-day skid Monday, but remains more than 40% off its 52-week high.

Tesla shares rose more than 3% on Tuesday after CEO Elon Musk tweeted that Full Self Driving, Tesla’s autonomous driving software, would be offered to customers as a one-month free trial.

Elsewhere, Digital World Acquisition is now Trump Media and Technology Group (DJT) after the successful merger of Digital World with Trump’s technology and social media platform.

The common stock and public warrants began trading on Nasdaq on Tuesday under the ticker symbols “DJT” and “DJTWW,” respectively. Shares of Trump Media under the symbol DJT soared 28% in premarket trading Tuesday, with DJTWW warrants up more than 26%.

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Dow Jones Falls

On Monday, the Dow Jones Industrial Average fell 0.4% and the S&P 500 fell 0.3%. The Nasdaq composite index, with a strong technological component, lost 0.3%.

Monday’s Big Picture Column commented: “The S&P is up 9.4% year to date, on track for its best first quarter performance since 2019. Every time it rises at least 8% in the first quarter , the S&P 500 averages a 9.7% gain for the rest of the year. , according to Dow Jones Market Data. Going back to 1950, it also ends the year up in 94% of cases.”

Now is an important time to read Chronicle The Big Picture by MII amid the continuing stock market rally. Be sure to read how to adapt to changing market conditions, with New levels of IBD exposure.

Learn to Time the Stock Market with IBD’s ETF Market Strategy

Best Stocks to Watch in the Stock Market Today

Alphabet (GOOGLE), Arista Networks (Aneta), Duolingo (by) And DraftKings (DKNG) — plus Dow Jones components Disney (SAY), IBM (IBM) And VerizonCommunications (VZ) – are among the best stocks to watch on the stock market today.

Google and DraftKings were featured in this Column Stocks close to a buy zone.

An essential resource for daily escapes is IBD MarketSurge’s “Breaking Out Today” list. This shows MarketSurge Growth 250 stocks that exceed new buy points. There was an escape on Monday: Allstate (ALL). Shares rose above a 168.95 entry on a cup basis. Shares rose in premarket trading Tuesday.

Meanwhile, MarketSurge’s “Near Pivot” list shows stocks near buy points in the bases.

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Dow Jones: Disney, IBM, Verizon

Disney surpassed 112.92 for a large mug with handle point of purchase in recent weeks, according to Increase in ITN market graphical analysis. And shares closed out of buy range, rallying 3%. Shares added 0.3% Tuesday morning.

IBM stock remains below the 196.90 buy point, down 1.1% on Monday. Shares rose 0.2% in premarket trading Tuesday.

Telecom giant Verizon is building a flat base with a 43.21 entry, as the stock fights for support at its key 50-day moving average. Verizon shares were flat on Tuesday.

4 Most Important Growth Stocks to Watch in the Stock market rally

Stock market today: Google is close to breaking

Google parent Alphabet is quickly closing in on a consolidation’s 153.78 buy point, even as the stock fell 0.5% on Monday. Google stock rose 0.3% on Tuesday.

Arista shares fell 0.3% Monday, in a buying range above a flat base of 292.66. point of purchaseaccording to Market increase graphics. And Arista stock was down 2.6% early Tuesday.

Duolingo IPO Leader is attempting to surpass A Cup with Handle’s 241.86 entry, but is about 6% below the buy trigger after Monday’s 2.4% decline. Additional losses would trigger the 7% sell rule. The stock rose 0.6% Tuesday morning.

Finally, DraftKings holds at the top of the buy range past a 46.52 buy point during a short consolidation, with a 0.3% gain on Monday. And on Tuesday morning, the sports betting giant gained 1.4%.

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Stocks to watch

These are four stocks that are in or near buy zones in the current stock market.

Company NameSymbolCorrect purchase pointPoint of purchase type
Disney (SAY)112.92Cup with handle
Arista Networks (Aneta)292.66Flat base
DraftKings (DKNG)45.62Consolidation
Duolingo (by)241.86Cup with handle
Source: MII data as of March 25, 2024

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Dow Jones leaders: Apple, Microsoft

Among Dow Jones Stocks in the Magnificent Seven, Apple (AAPL) And Microsoft (MSFT) negotiated mixed before the stock market opens on Tuesday.

Apple stock fell 0.8% on Monday, closing in on recent lows. Stocks remain significantly below their long-term 200-day line. Apple shares were down 0.2% Tuesday morning.

Microsoft shares have found support at the 50-day line in recent weeks, propelling them to new highs. And the stock gained 0.4% early Tuesday.

Be sure to follow Scott Lehtonen on X, formerly known as Twitter, at @IBD_SLehtonen to learn more about growth stocks, the Dow Jones Industrial Average and the stock market today.


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