Dow futures decline after Trump threatened to use a (shame) veto over a stimulus deal

Dow futures, along with S&P 500 and Nasdaq 100 futures, eased slightly after cutting strong losses early Wednesday after President Trump threatened to veto the coronavirus stimulus deal.

On Tuesday, Apple, the leader of the Dow Jones, advanced nearly 3%, while tech giants Peloton and Shopify jumped to all-time highs. Tesla slipped for the second day in a row.




X



The Dow Jones Industrial Average fell 0.7% or 200 points, while the S&P 500 was down 0.2%. The heavy Nasdaq composite index rose 0.5% and hit a record high on Tuesday.

between the Dow Jones leadersAnd the an Apple (AAPLIncreased by 2.85% while Microsoft (MSFTIt rose 0.6%. Tesla (TSLA) 1.5%, down more than record highs. at the same time, Peloton (PTON) And the Shopify (a store) 11.6% and 6.7%, respectively, to hit its highest levels ever.

Stocks in or near buying areas at the current stock market rise are Cramping (CHGG), Kings (DKNG), Lululemon (Lulu) And the Corfu (QRVO).

Apple, Microsoft, Nike and Tesla Stock IBD Leaderboard. Chegg was Friday’s stock from IBD, While Qorvo was Today’s stocks are Tuesday from IBD. Kings and Lululemon Appeared In this week The stocks are near the buying area pole.

Dow Jones futures today: Trump may veto the stimulus bill

Early Wednesday, Dow futures, along with S&P 500 and Nasdaq 100 futures, were lower against fair value. Dow Jones futures are down 0.1%, while the S&P 500 futures are down 0.2%. Nasdaq 100 futures lost 0.15%. Remember to trade in Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.

Late Tuesday, President Donald Trump threatened to veto the stimulus bill. at He posted the video on his Twitter sitePresident Trump described the stimulus bill as “a disgrace.” He called on Congress to increase direct payments from $ 600 to $ 2,000 per person, or $ 4,000 per couple. Trump called on Congress “to send me an appropriate bill, otherwise the next administration will be forced to deliver a relief package from the Covid virus …”

If Trump vetoed the bill, Congress could override the veto with a two-thirds majority in both the House and the Senate. Late on Monday, tThe Senate voted 92 to 6 to pass the bill. The package passed the House of Representatives earlier Monday evening, by 359 to 53.

Among the ETFs, Innovator IBD 50 (fiftyIt rose 1.05% Tuesday. The Nasdaq 100 Invesco QQQ Trust ETFQQQUp by 0.3%. Meanwhile, the SPDR S&P 500 ETF (spyIt came down 0.2%.

READ  We finally know what has been creating fast radio explosions

Amidst a stock market rally due to the coronavirus, the tech-heavy Nasdaq rose 42.7% for the year through Tuesday’s close. The S&P 500 is up 14.1%, while the DJIA is up 5.2% since the start of the year.

An overview of the US stock market today

index Code price Profit / loss % They change
Dow Jones (0DJIA) 30015.51 -200.94 -0.67
Standard & Poor’s 500 (0S & P5) 3687.27 -7.65 -0.21
Nasdaq (0NDQC ) 12807.92 +65.40 +0.51
Russell 2000 (etc.) 197.42 +2.18 +1.12
IBD 50 (fifty) 42.18 +0.44 +1.05
Last update: 5:18 PM Eastern Time 12/22/2020

Coronavirus updates

according to Worldometer data trackerThe cumulative number of confirmed coronavirus cases in the United States surpassed 18.6 million on Tuesday. The total deaths associated with the virus have risen to more than 330,000.

The cumulative total of confirmed Covid-19 cases worldwide since the start of the outbreak surpassed 78.2 million on Tuesday, with more than 1.7 million deaths linked to the virus.

Coronavirus stock market rally

November was one of the most important months for the stock market. IBD’s The Big Picture Marked a new bullish trend after the bullish market follow-up day on November 4th. Meanwhile, December sees the stock market approach record highs, with the Nasdaq already posting more records ever.

The big picture for Monday “The stock market was not ready to give in to the fear on Monday, which impressively pulled itself out of a deep intraday gap. The upward move keeps the market direction in a straight position,” he commented.

Investors should continue to use stock market power to buy breakouts. Be patient and wait for strong breakouts rather than chasing the extended stocks. If new hacks work, add more exposure. But if the breakouts start to fail, you can hold back.

READ  Great powers' interest in the Arctic could threaten the environment - Echo News

In particular, focus on stocks with strong relative strength. Find it using Relative strength line. The RS line measures the stock price performance against the S&P 500. If the stock outperforms the broader market, the RS line tilts upward. If the stock is performing worse than the broad market, the line will indicate a decline.


ETF Stock Market Strategy and How to Invest


Dow Jones Stocks to Watch: Nike

Nike stock fell more than 1% on Tuesday, reversing Monday’s advance of nearly 5% after the company announced Strong quarterly sales and profit results. Stocks reached a new high on Monday and moved above the additional entry level of 141.24 in a tight three-week formation.

The blue chip giant is the third-performing Dow Jones stock of 2020, with a 40.6% advance as of Tuesday.

Stocks in or near buying territories: Chegg, DraftKings, Lululemon, and Qorvo

Friday’s stock from IBDChegg broke a buy point above 90.09 at the Cup base on Monday, with a 3.55% advance. Shares are up 3.6% on Tuesday and are at the top of the buying range. Buying area increased 5% to 94.59.

Last week, Lululemon erupted over A. Cup with handle 383.64 buy points. But the stocks gave up the entry on Friday. LULU shares were down 3.6% on Tuesday.

IBD Leaderboard DraftKings gave up 53.82 points of purchase at A. Cup with handle On Monday it fell further below the buy point on Tuesday with a 1.8% drop. Shares broke above the buy point on December 16th. DraftKings stock was roughly 2% below its entry level, according to MarketSmith Graph analysis.

According to the Leaderboard commenting, “Draft Kings are just below a cup entry with a handle. Volume was weak as arrows topped the entry. It was a deeper pattern than usual, which is also the most dangerous stage 3 or 4 rule.”

Today’s stocks are Tuesday from IBDQorvo is rapidly approaching 171 buy points in a rare bullish base. Shares are up 1.4% on Tuesday, about 4% away from their new buy point.

to me Inventory check for IBDAnd the QRVO stock Shows 96 of the complete 99 IBD compound classification. A composite rating – an easy way to identify the highest-growing stocks – is a combination of fundamental and technical metrics to help investors gauge a stock’s strengths.

READ  Axel Johnson buys Skincity skin care store

IBD Live: a new tool for daily stock market analysis


Peloton, Shopify has hit record highs

Peloton surged 11.65% to hit record highs on Tuesday following Friday’s breakout above 139.85 long buying points at the base of the cup.

The company said on Monday it would Purchased Exercise Equipment Maker Precor for $ 420 million. This will help Peloton increase the production of her circuits and treadmills.

Shopify advanced by 6.7% to reach an all-time high on Tuesday. Shares nearly 15% above 1112.51 buy points at a double bottom with a handle.

Tesla Stock

IBD Leaderboard Tesla stock fell 5.5% before paring losses to 1.5% on Tuesday. The stock added to Monday’s decline of 6.5%, and about 8% from its high.

On November 18th, shares broke above 466 longs in a double handle and over 35% of the buy point. On December 18, Tesla stock reached a record high of 695.

Dow Jones Leaders: Apple and Microsoft

From among the top Dow Jones StocksApple moved further above the strong entry at 125.49 amid Tuesday’s rise of 2.85%. The stocks are rapidly approaching the traditional long term, which is at 138.08, according to MarketSmith Graph analysis.

The blue chip giant is the # 1 performing Dow Jones stock for 2020, with a 79.6% advance through Monday.

Software giant Microsoft rose 0.6% on Tuesday, as stocks rose above the main 50-day line. Shares are also near the buy point of 228.22.

Be sure to follow Scott Lehtonen on Twitter at Embed a Tweet Learn more about developing stocks and Dow Jones futures.

You may also like:

Top growth stock to buy and watch

Learn how to determine market time using IBD’s ETF Market Strategy

Find the best long-term investments with IBD’s long-term leaders

Are you looking for the next big stock market winners? Get started with these three steps

How to Find Growth Stocks: Why IBD simplifies searching for top stocks

Leave a Reply

Your email address will not be published. Required fields are marked *