Dow Jones Futures: Market Rally Holds Key Support; Apple, Qualcomm Lead 5 Stocks Near Buy Points
Dow Jones futures and S&P 500 futures declined slightly Sunday night, while Nasdaq futures fell modestly. The stock market rally is teetering, with last week's short-lived rebound quickly fizzling.
The stock market rally is still standing, but is bruised and wobbly. The major averages are testing key support areas, though the Nasdaq has held its 200-day line so far.
The Nasdaq has lagged the S&P 500 index since last February, with that underperformance increasing over the past two months.
$Apple (AAPL.US)$ and Apple iPhone chipmaker Qualcomm (QCOM) are two growth stocks holding up relatively well, while $Tesla (TSLA.US)$ China rival $XPeng (XPEV.US)$ is right at an early entry. Meanwhile, DE stock is setting up, while $SM Energy (SM.US)$ broke out Friday.
$Goldman Sachs (GS.US)$ , $Charles Schwab (SCHW.US)$ and $Signature Bank (SBNY.US)$ report before Tuesday's market opening. GS stock fell below its 200-day moving average on Friday, though it's technically in a base. Schwab stock is extended. SBNY stock is at the edge of a buy zone.
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