On Tuesday morning, Dow Jones today futures fell sharply and threatened to regain some of Monday’s gains. All Dow Jones stocks, Alphabet included, will release their quarterly earnings report late Tuesday. These include Alphabet and Microsoft (V ).).
3 M’s stock price fell 1%, Packaging Corp. shares rose by 3.5%, and PepsiCo shares fell by 0.2%. Raytheon’s stock prices dropped by approximately 1%. UPS stock increased by about 2% on Tuesday morning before the market opened.
Twitter (TWTR), which saw a 5.7 percent increase on Monday, gained 0.5 percent. Tesla’s (TSLA) stock fell slightly Tuesday morning. Elon Musk, Tesla’s CEO, agreed to purchase Twitter for $44 billion on Monday.
Today saw stock prices drop slightly for both Apple (AAPL) and Microsoft (MSFT). Among the top companies to monitor on Tuesday in the wake of a new stock market decline is American Express (AXP), the Dow Jones leader.
S&P 500 futures dropped 0.45 percent Monday, DJI futures fell 0.6%while below their fair value. The fair value of the ends on the Nasdaq 100 index fell 0.5%. It is essential to keep in mind that overnight Dow futures trades don’t always translate into actual stock market activity during the next regular session.
Invesco QQQ Trust (QQQ), a Nasdaq 100 index tracker, saw a 0.55 percent drop among exchange-traded funds. An ETF that tracks S&P 500 dropped 0.5 %.
Last week’s record-breaking 10-year Treasury yield surpassed its December 2018 peak. In addition, the price of Texas Intermediate crude oil in America rose by more than one percent last week, trading just slightly above $99 a barrel.
Correction to the Stock Market
Stocks were initially down Monday morning, but they rebounded and ended the day with significant gains. That reversed the trend of the previous day. The stock market prognosis for Friday was reduced to “market correction” after substantial losses.
Monday’s recovery marked the beginning of a new resurgence after three consecutive losses. During the stock market slump, investors should use any gains and increase their cash. A watchlist of companies that have performed well in down markets is a great strategy to ensure you are ready for the next stock market upsurge.
The relative strength line can be used to identify the leaders of the uptrends, even though the market is currently correcting. If the stock outperforms the market overall at the time, the RS line will point higher. If an inventory performs poorly in the market, the line will point downward.
On Monday, the Big Picture column stated, “An encouraging sign to bulls is that the S&P 500 just rallied back at approximately 4200. That was the index’s lowest point in January, February, and March.” Like February and March’s lows, Monday’s Nasdaq low was also close. That led to speculation that the stock market may have reached its bottom. It’s too early to determine if this is true. The demand must first attempt a rally to begin. “
