Dow Jones Futures: Market Rally Hits Resistance As Inflation Report Looms; Tesla Skids As Cathie Woo

Dow Jones futures were little changed Thursday night, along with S&P 500 futures and Nasdaq futures, with a crucial inflation report on tap Friday morning after Thursday's growth-led sell-off. $Costco (COST.US)$ , $Oracle (ORCL.US)$ and $Broadcom (AVGO.US)$ headlined key earnings after the close.

The stock market rally attempt gave up some ground Thursday, with $Tesla (TSLA.US)$ , $Lucid Group (LCID.US)$ and other high-octane names leading the retreat.

Costco, $Oracle (ORCL.US)$ and Broadcom reported earnings after the close.

The Dow Jones held steady with the S&P 500 retreating and Nasdaq selling off, with the latter undercutting its 21-day moving average. The rally attempt continues but needs a follow-through day to confirm the new uptrend. Was Thursday just a pause or a shakeout before a strong year-end rally, or is this the start of something bigger?

$Ford Motor (F.US)$ , $Tempur Sealy International (TPX.US)$ , $Saia (SAIA.US)$ , $Regeneron Pharmaceuticals (REGN.US)$ , $Pfizer (PFE.US)$ , $Arista Networks (ANET.US)$ and Google parent $Alphabet-A (GOOGL.US)$ are seven stocks to watch. Several of these names, including $Alphabet-C (GOOG.US)$ , Regeneron and $Arista Networks (ANET.US)$ stock, have flashed buy signals this week.