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Dow Jones futures fall due to California curfew and coronavirus restrictions Top labor day earnings | Daily Business Investor

Dow Jones futures plunged late Thursday, along with S&P 500 futures as the California curfew and new restrictions on the emerging coronavirus worried investors, as COVID-19 cases set a new daily record in Nasdaq futures, with More toys at home, and little has changed.




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The stock market rally rebounded on Thursday, with leading stocks growing.

On Thursday, a number of the blue-chips offered early buying points. Software makers CrowdStrike (CRWD), Octa (OKTA) And the Twilio (TWLOBreaking trend lines. So, it can be said, did Advanced Micro Devices (AMD). Novocure (NVCRApproaching trendlines. All five stocks rebound from the 50 day and 10 week lines.

Late profits

a work day (day), Williams-Sonoma (WSM) And the gut instinct (INTU) It posted better-than-expected earnings Thursday evening.

Labor day stocks reversed lower in the extended trade. Intuit stock has declined after closing in the buy zone. Williams-Sonoma stock rose, indicating a potential breakout from the short consolidation.

Finally, Tesla stock hit a record high on Thursday before erasing gains. Makers of China EV New (NIO), Exping Motors (XPEV) And the Li Auto (In theThey all outperformed Tesla.

Tesla and Novocure stocks are in operation IBD Leaderboard. CrowdStrike, Tesla and AMD stocks are working SwingTrader.

Dow Jones futures today

Dow Jones futures fell 0.7% against fair value. The S&P 500 futures lost 0.7%. Nasdaq 100 futures are almost back to par.

Coronavirus restrictions and social distancing, while beneficial in curbing the spread of Covid-19, may also cool an already slowing economic recovery. This is likely the reason Dow Jones Futures struggle Boeing (Bachelor of), C. B. Morgan Chase (JPM) And the Larva (Cat) Every loss of land. Tech futures are less affected, with home plays like Zoom in the video (ZM) Go up.

The Treasury said late Thursday that it had asked the Federal Reserve to extend some of its coronavirus emergency aid programs for 90 days, but also to end other programs, including the Main Street Lending Program. Some of these programs have been used sparingly, but the Federal Reserve has said it prefers to keep all programs.

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Reportedly, Mnuchin or the incoming Treasury Secretary could revive the lapsed programs.

Remember to work on overnight Dow Jones Futures And anywhere else it does not necessarily translate into actual circulation in the next normal cycle Stock market session.


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Coronavirus cases

The number of Coronavirus cases worldwide has reached 57.23 million. The number of Covid-19 deaths has passed 1.36 million.

The number of Coronavirus cases in the United States reached 12.05 million, with the number of deaths exceeding 258,000.

The new COVID-19 cases in the United States surpassed 192,000 on Thursday, a new daily record. The death toll passed 2,000 on Thursday, the highest level since early May. Hospitalizations are at record levels and rapidly increasing.

California curfew restrictions

California Gov. Gavin Newsom has ordered a curfew to be imposed from 10 p.m. to 5 a.m. beginning Saturday in most parts of the state. The curfew due to the new Coronavirus affects almost all of the counties in the “purple” category of Covid cases.

Public schools in New York City have been closed due to the high incidence of coronavirus in the city.

Many cities and states have imposed new restrictions on restaurants, gyms, and more.

The Centers for Disease Control and Prevention urged Americans not to visit the family for the Thanksgiving holidays, as experts warned that this could lead to a significant spike in the outbreak.

Covid vaccines soon

Biotechnology (BTNX) And the Pfizer (PFEPlan to apply for emergency FDA approval on Friday. A coronavirus vaccine may follow Moderna next week.

Both Pfizer / BioNTech and modern (MRNACoronavirus vaccines, which use similar mRNA technology, are approximately 95% effective, which is high.

AstraZeneca (AZNHe said Thursday that his coronavirus vaccine was safe and triggered the immune system’s response in a phase two trial. Final phase trials are underway.

Chief scientific officer for Johnson & Johnson (JNJHe said on Thursday that he expects the giant Dow to have enough data for its coronavirus vaccine to gain FDA approval in January or February.

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So there is a good chance that four coronavirus vaccines will be approved by the end of February, which will facilitate mass vaccinations.


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The stock market rises

The stock market rebounded once again from short selling on Wednesday, led by developing stocks.

Senate Minority Leader Chuck Schumer of New York state said Senate Majority Leader Mitch McConnell, a Kentucky Republican, was ready to resume stimulus talks. But it is unclear whether the renewed negotiations will lead to an actual deal.

The Dow Jones Industrial Average rose 0.15% on Thursday Stock market trading. The S&P 500 rose 0.4%. The Nasdaq Composite Index rose 0.9%. All are close to record levels.

between the The best ETFs, The Innovator IBD 50 ETF (fiftyIt rose 1.8%. So did the iShares Expanded Tech-Software Sector ETF (IGV). Labor Day Stocks and Intuit are IGV holdings. (VanEck Vectors Semiconductor Foundation)SMHAdvance of 1.3%. AMD stock is a major component of SMH.

Stocks with early entries

One way to Finding early buy points is using trend lines. Breaking stocks above trend lines removes some technical resistance, and there might be room to run. These moves are even more powerful when combined with a rebound from the 10-week streak. This is the case for Twilio, CrowdStrike, Okta, AMD, and Novocure stocks.

CrowdStrike rose 4.4% to 143.76, clearly breaching the downward sloping trend line. Another resistance point at 144.29, advanced entries at 144.39. CRWD stock traded above this level for most of the Thursday session.

Okta stock rose 3.85% to 232.45, also breaking a downtrend. Intraday, stocks roughly reached 237.72 early entry.

AMD stock rose 3.6% to 85.54, ditching a more aggressive trendline. Other early entry would be 87.15. AMD has an official Double bottom Buying point 88.82.

Novocure shares rose 2.9% to 125.26. Stocks approached the trend line but never crossed it. Arguably the other early entry would be 132.08. NVCR shares were on Thursday IBD stocks today.

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Twilio jumped 6% to 295.65 to close near the trend line.

Business day earnings

Business day earnings jumped 62% at 86 cents a share, much higher in views. Revenue grew 18% to $ 1.11 billion, also outpacing it, although growth slowed for the sixth consecutive quarter.

Also a human resource and financial management software maker Raised subscription revenue directive. But executives also made some cautious comments about future margins.

Labor Day stock reversed lower overnight, down 3%. Initially, stocks rose hours later above early buying points of 231.53, and may be 236.94. the official Point purchase It is 248.85. On Thursday, WDAY stock surged 3.2% to 230.80, moving above a downtrend.

Tesla Stoke flies, space rivals EV

Tesla stock ran to a record high of 508.61 during the day, fading to close 2.6% up at 499.27. In mid-morning trading, Consumer Reports said the leader in electric vehicles ranked next to last in the automotive reliability survey, with the Model S and Model Y no longer recommended. Over the course of the week, TSLA’s stock rose 22%, beating the buy-in point. In the S&P 500 nod.

Tesla fell 1% overnight, possibly amid concerns about coronavirus restrictions, especially in the major California market.

Meanwhile, Nio shares were up 7.5%, to close at a record high. Xpeng stock jumped 14% and Li Auto stock increased 3.5%, and it also recorded an all-time close. All three Chinese electric vehicle startups have seen significant growth over the past several weeks.

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