Dow Jones Future Fall: What to do after today’s stock market sell-off before the major inflation report

The Dow Jones futures futures are down after the stock market sells on Monday. A key inflation report – the Consumer Price Index – is due out ahead of the market on Tuesday morning.


The stock market today

On Monday, the Dow Jones Industrial Average traded down 1.2% and the S&P 500 fell 1.7%. Technology-based Nasdaq compound fell 2.2%. Among trading funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 2.4%, and the SPDR S&P 500 ETF (SPY) lost 1.7% on Monday.

Electric Vehicle Head Tesla (TSLA) slipped nearly 5% on Monday. Twitter (TWTR) Elon Musk, the CEO of Tesla, ended 1.7% higher from losses after deciding to stay on as director of the company.

Today’s overview of the US stock market

Index Logo Price Gain / Loss % Change
Dow Jones (0DJIA) 34309.07 -412.05 -1.19
S&P 500 (0S & P5) 4412.83 -75.45 -1.68
Nasdaq (0NDQC) 13411.96 -299.04 -2.18
Russell 2000 (IWM) 196.54 -1.33 -0.67
IBD 50 (FFTY) 35.89 -0.71 -1.94
Last Updated: 4:30 PM ET 4/11/2022

Chip stocks are the weakest performers of the day. Nvidia (NVDA) Analyst downgrade fell 5.2%. Advanced micro devices (AMD) fell 3.6% to its lowest level since July 2021.

Dow Jones is the financial leader as the stock market continues to struggle to rise American Express (AXP) – With letters (GOOGL), Broadcom (AVGO), IBD Leaderboard Monitoring List Role Edwards Life Sciences (It), Radion Technologies (RTX) and Shell (Shell) – Buy and watch Tuesday is one of the best stocks.

Dow Jones leaders, elsewhere Apple (AAPL) fell 2.55% and Microsoft (MSFT) The stock market fell 3.9% today.

Shares of Microsoft and Tesla IBD Leaderboard. Shares of Edwards Life Sciences and Radion Technologies are featured in this week’s Near A by Zone column.

Dow Jones Futures Today: Treasury yields, oil prices, CBI

After Monday’s close, Dow Jones futures were lower, while the S&P 500 futures lost a fair value against 0.1%. The Nasdaq 100 futures are down 0.15% against the fair value. Keep in mind that overnight action on Dow Futures and elsewhere does not necessarily translate into real trading at the next regular stock market session.

The 10-year U.S. Treasury yield continued to hit seven sessions on Monday, rising to 2.78%, its highest level since January 2019. U.S. oil prices fell more than 3% on Monday as West Texas Intermediate crude traded below $ 95 a barrel. Moreover, China’s vicious virus outbreak raises concerns about potential demand.

Consumer prices rose 1.1% year-on-year in March to 8.4% – according to Econoday estimates – which are forecast to rise the fastest since December 1981. The consumer price index measures the rate of inflation. Meanwhile, the White House expects “inflation (numbers) in March CPI to rise abnormally due to Putin’s price rise.”

The Department of Labor will release the CPI at 8:30 p.m.

Stock Market Struggles: What to Do Now

On Monday, major stock indices ended with sharp losses in another disappointing performance of the stock market. The Nasdaq stumbled further than its 50-day lineup, which was the main support position to watch.

While the basic boom is still intact, it is time to proceed with greater caution. Be wary of most new purchases and focus only on stocks with the highest number of breakouts past exceptional basics and the right buying points. Also, be flexible. The market may rebound and go back to a “confirmed uptrend” or higher sales will continue and lead to a correction.

In Monday’s The Big Picture column, he said, “The S&P 500 fell 1.7% and closed slightly below the 50-day moving average. The index is now trying to find support at that level. 50 day tax. “

If you are new to IBD, check out its stock trading system and CAN SLIM basics. Recognizing chart patterns is one of the investment guidelines. IBD offers extensive development stock lists such as Leaderboard and Swing Trader.

Investors can create watchlists, find companies near the point of purchase, or create custom screens on IBD MarketSmith.

Four Dow Jones stocks to watch now

Buy and View Dow Jones Shares: American Express

Dow Jones Financial Trace American Express traces a trophy with a handle with a buy point of 194.45. The stock fell 3.3% on Monday, closing 9% away from the latest entry.

Keep track of the relative strength of the stock. In the midst of its recent descent, the RS lineup is starting to fade further from its old highs, meaning it has cut its work before a possible breakout. The RS line measures the price performance of a stock against the S&P 500. The RS line-up should reach new highs on or after the breakout day to ensure the strength of a stock breakout.

Four Best Growth Stocks to Look At in CurvilR.ent stock market rally

Stocks to buy and see: Alphabet, Broadcom, Edwards, Radeon, Shell

According to the IBD MarketSmith chart analysis, the latest IBD 50 Stocks To Watch pick, Alphabet, shows a buy point of 2,875.97 per cup with handle. Shares of GOOGL are about 10% away from entering after a 3.35% slide on Monday.

Broadcom fell another 1.1% on Monday as chip stock moved below its initial entry at 614.74. The stock ends in a 7% -8% loss induction. At recent sessions the stock has dropped support in its 50-day line. Meanwhile, the stock put another buying point, a handle entry of 645.41.

IBD Leaderboard Watchlist Stock Edwards Life Sciences continues to advance to the right of the cup base showing a buy point of 131.83. Shares fell nearly 2% on Monday. Monday’s weakness could be the start of a handle that will reduce the risk-optimal entry to 125.21.

Security contractor Radeon Technologies is a significant distance from the 104.44 purchase point of a flat base. The stock rose 1.7% on Monday, trading just 2% on the latest entry.

Oil and gas producer Shell, April 1 IPT Stock of the Day, is below the 56.23 buy point of a flat base after falling 1.4% on Monday.

Join IBD Experts as you explore the leading stocks in the current stock market rally at IBD Live

Tesla stock

Tesla shares fell 4.8% on Monday and added 3% on Friday. Shares of EV Company ended Monday, up about 15% from the 1,152.97 buy point of the handle with a trophy.

The stock rose to 1,243.49 on November 4 and closed on Monday.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple shares moved down 2.55% on Monday, and were down 176.75 points on the double-bottom platform. The stock is close to triggering a sales rule that reduces losses by 7% -8%. With that double-down entry, a handle buying point is also playing at 179.71. On the downside, AAPL stock gave its 50-day support level on Monday, indicating a further weakening.

Software leader Microsoft fell 3.9% on Monday as stocks fell further below their 50- and 200-day lines. The stock is up nearly 20% at its 52-week high.

Don’t forget to follow Scott Lehtonen on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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