Dow Jones futures dropped down early Friday by 0.6% versus fair value. S&P 500 and Nasdaq have also lowered.
The first one decreased by 0.65% and the second one fell by 0.8%. There wasn’t any major stimulant for such a decline. But experts think after such a long run, the market rally doesn’t need a reason to take a breather.
The stock market slowed on Thursday, with the majority of stocks tumbling down. Universal Display stock and Zscaler fell along with First Solar stock and Appian.
However, EHealth and Texas Roadhouse stock rose, with Long-ailing Dropbox stock increasing solidly.
How the Stocks Fared during the Last Session?
Universal Display fell by 4.6% overnight. The company’s revenue guidance is weak. Also, its earnings missed views. OLED futures tried to break out in December to early January but failed.
Zscaler stock also lost 13%. While the cybersecurity software firm beat EPS and revenue views, it gave weak guidance.
However, Zscaler stock recently reclaimed its 200-day line, but it’s still well off its 2019 high record.
First Solar stock declined by 15% after it missed earnings estimates. The company is contemplating various options for U.S. operations.
But so far, its revenue and guidance were weak also.
The stock rallied 3.4% to 59.32 on Thursday. SolarEdge and Enphase Energy boosted it, but experts think that FSLR stock remains a long way from a potential buy point.
Even though SolarEdge stock and Enphase stock fell slightly overnight, they had massive gains in the last two sessions.
The Appian stock fell 11% in extended trade. Its earnings topped views, but revenue and guidance were light.
However, EHealth stock skyrocketed by 20% overnight, after the health insurance broker delivered blowout earnings. EHealth stock has already more than doubled after its early-October low.
The steakhouse chain also rallied by 7%, reaching a 17-month high. This stock showed strong earnings and guidance.
Meanwhile, Dropbox stock surged by 11% overnight. Even so, this stock needs a lot more work before investors should consider it as a potential buyer.
- Trading Instrument