Dow Jones Futures: Apple Stock, Amazon Stock, Netflix, Nvidia, Adobe Show Techs Aren’t Done

Dow Jones futures were little changed Monday night, along with S&P 500 futures and Nasdaq futures. In Monday’s trading, the Dow Jones and small-cap S&P 600 sold off, with banks, industrials and many retailers slumping. The Nasdaq composite, which had been lagging recently, rebounded from near its 50-day line to close higher. (AMZN), Netflix (NFLX), Nvidia (NVDA), Adobe Systems (ADBE) and Workday (WDAY) all roared back from intraday lows to reclaim their 50-day lines. Apple (AAPL), which had a one-month closing low Friday, was a strong performer.


It’s just one day. Apple stock, Amazon stock and the Nasdaq may turn tail Tuesday. But by the same token, investors should be careful about deciding that a group is in or out of favor after a few days. The recent action in techs had been troubling, but not decisive. Monday’s numerous tests were encouraging for leading tech stocks, with Adobe stock reclaiming its buy point. Workday stock closed in buy range and above its 50-day line, though that’s after round-tripping a 14% gain intraday Monday.

Bank stocks like Dow Jones component JPMorgan Chase (JPM) had been on the verge of breakouts last Thursday, but have slumped Friday and again Monday. The Federal Reserve’s two-day policy meeting could be a catalyst for bank stocks, but which way?

Industrials such as Boeing (BA) and United Technologies (UTX) retreated as the China trade war escalated, but both Dow stocks remained in buy range. Trump tariffs and rising crude futures undercut transports, especially airline stocks.

Dow Jones Futures Today

Dow Jones futures rose a fraction vs. fair value. S&P 500 futures edged lower. Nasdaq 100 futures were flat. Remember that Dow futures and other overnight action don’t necessarily translate into actual trading in the next regular session.


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Amazon, Nvidia, These Tech Leaders Retake This Key Level

Seven Dow Stocks Are In Buy Zones, But Watch These Key Warning Signs

Risk Of Fed Rate Hike Mistake Grows As China Trade War Escalates

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Originally posted 2019-09-19 23:21:13.


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