Dow Jones and S&P 500 futures gained. What about Nasdaq?

Dow Jones and S&P 500 futures gained. What about Nasdaq?

Dow Jones futures gained modestly on Thursday morning, along with Nasdaq futures and S&P 500 futures. The stock market rally rebounded on Wednesday after another tweet from President Donald Trump. The major indexes stand at recent highs while leading stocks remain strong.


Regeneron Pharmaceuticals, Taiwan Semiconductor stock, Fastly, and Etsy were premarket winners. However, the Dow Jones component IBM gained the most. Its shares skyrocketed by 13% before the open. IBM plans to spin off its managed infrastructure unit and focus more on the hybrid cloud market. The company also announced preliminary Q3 results, which is in line with views.


Furthermore, Morgan Stanley is going to obtain Eaton Vance for $7 billion in cash and stock. Morgan Stanley declined modestly on Thursday, while Eaton Vance rallied by 43%.


On Thursday, Domino’s Pizza reported mixed Q3 results, with earnings falling short by revenue beating. The stock plummeted down before the open, signaling a move back below a buy point.

Alibaba, Fastly stock, Etsy, Epam Systems, Ultragenyx, and Alexion Pharmaceuticals flashed buy signals on Wednesday.


Tesla stock surged forward on Wednesday after another Elon Musk’s leaked email, which suggested a new production milestone is in reach. Besides, Tesla gained more overnight on a new Street-high price target after analysts’ upgrade.


Microsoft, Apple stock, and Amazon had solid sessions Wednesday. Despite that, all are struggling to make headway.


Microsoft stock, Tesla, Taiwan Semiconductor are on IBD Leaderboard, while Alibaba and Apple stock are on SwingTrader. Epam, Microsoft, and Domino stock are IBD Long-Term Leaders.


How are Dow Jones Futures faring today?


Dow Jones futures surged forward by 0.7% vs. fair value, boosted by IBM stock. The S&P 500 futures also soared by 0.35%, and Nasdaq 100 futures rallied by 0.5%. Apple jumped by 1.7%, and Amazon stock gained 3.1%, both reclaiming their 50-day moving averages. Meanwhile, Microsoft soared by 1.9%, just below the key level.

Comments Rating 0 (0 reviews)