Dow Jones Futures Fall: 4 Top Stocks To Buy And Watch In Volatile
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Dow Jones futures turned lower Tuesday following Monday’s volatile stock market action. Dow Jones biotech Amgen, along Alpha & Omega Semiconductor and Take-Two Interactive Software, are key earnings movers late. And drug giant Pfizer will report ahead of Tuesday’s open.
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Amid a volatile stock market rally, Alphabet (GOOGL), Blackstone (BX), CF Industries (CF) and Cheniere Energy (LNG) are among Monday’s top stocks to buy and watch. All four are in or near new buy zones.
On Monday, the Dow Jones Industrial Average ended unchanged, while the S&P 500 lost 0.4%. The tech-heavy Nasdaq composite slid 0.6% after reversing from solid gains.
Among the Dow Jones leaders, Apple (AAPL) dropped 0.4% Monday, while Microsoft (MSFT) was down 1.6% in today’s stock market. American Express (AXP), a Dow Jones stock to watch, rallied 1.1% as it heads toward a new buy point.
Electric-vehicle leader Tesla (TSLA) skidded nearly 2% Monday, giving up a part of Friday’s gains.
Cheniere, Microsoft and Tesla are IBD Leaderboard stocks. American Express and Blackstone were featured in this week’s Stocks Near A Buy Zone column.
Dow Jones Futures Today
Ahead of the stock market open Tuesday, Dow Jones futures edged lower vs. fair value, while S&P 500 futures fell 0.2%. Nasdaq 100 futures were down 0.25% vs. fair value.
U.S. Stock Market Today Overview |
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|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 35090.86 | +1.12 | +0.00 |
| S&P 500 | (0S&P5) | 4483.92 | -16.61 | -0.37 |
| Nasdaq | (0NDQC ) | 14015.67 | -82.34 | -0.58 |
| Russell 2000 | (IWM) | 199.39 | +1.01 | +0.51 |
| IBD 50 | (FFTY) | 37.83 | +0.10 | +0.27 |
Last Update: 4:44 PM ET 2/7/2022 |
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Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) dropped 0.8% Monday, and the SPDR S&P 500 ETF (SPY) moved down 0.3%.
The 10-year Treasury yield pared losses Monday, but still ticked down below 1.92%. On Friday, the 10-year Treasury yield closed at 1.93%, the highest level since 2019. Meanwhile, U.S. oil prices declined around 1%, as West Texas Intermediate crude traded below $92 a barrel. West Texas Intermediate briefly topped $93 a barrel last week.
Stock Market Rally
The major stock indexes posted mixed action Monday, as the Nasdaq and S&P 500 ended with solid losses. Amid the recent volatility, now is an important time to read IBD’s The Big Picture column.
Friday’s The Big Picture commented, “Amazon.com (AMZN) fueled a big rally for the Nasdaq composite Friday, although the stock market wasn’t sure how to react initially to the January employment report, which came in much better than expected and prompted more selling in the bond market.”
If you’re new to IBD, consider taking a look at its stock trading system and CAN SLIM basics. Recognizing chart patterns is one key to the investment guidelines. IBD offers a broad range of growth stock lists, such as Leaderboard.
Investors also can create watchlists, find companies nearing a buy point, or develop custom screens at IBD MarketSmith.
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