Late Thursday, Dow Jones and along with S&P 500 futures fell slightly. Also, the stock market rally hit a record this week. Dexcom (DXCM), Alibaba (BABA), NMI Holdings (NMIH), Costco Wholesale (COST), and Sleep Number (SNBR) have actively moved into the buy zone. &P 500 futures fell 0.1% and Nasdaq 100 futures 0.2%.
However, Disney stock gapped higher overnight, making a big move toward a buy point. Moreover, quite earlier, Sleep Number stock, Dexcom stock, Alibaba stock, and NMI Holdings stock all cleared buy points on substantial volume.
Meanwhile, stock all cleared buy points on loud volume. Sleep Number, Dexcom stock, and mortgage insurer NMI Holdings have also broken out on earnings. Costco stock rallied on October sales, and its share broke out on the most substantial volume this month.
Several Chinese e-commerce firms’ stocks, Alibaba included, rallied as power higher ahead of the massive 11.11 online shopping day. However, one should remember that Disney or Alibaba can buck the market on any given day. But, if the Trade War continues, traders need to remember that If trade headlines are positive, a stock market rally is very probable. On the other hand, negative China trade news will fuel pullbacks or full-blown stock market corrections. China’s trade news fuels the stock market pullbacks.
Dow Jones Futures Today and Disney Earnings
For the traders’ consideration: the Dow Jones Industrial Average closed 0.7%. Meanwhile the S&P 500 index and Nasdaq composite each rose 0.3%.
Also, among the best ETFs, the Innovator IBD 50 ETF (FFTY) climbed 0.3%. The VanEck Vectors Semiconductor ETF (SMH) rallied 0.6%.
Besides, the iShares Expanded Tech-Software Sector ETF (IGV) advanced 0.2%.
Disney Earnings per share fell considerably from 28% to $1.07, while revenue popped 33.5% to $19.1 billion.