Overnight, Dow futures rose slightly, while S&P 500 and Nasdaq futures rose sharply on parent company Facebook. ID pads (FB) on stable income.
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The stock market tried to bounce back on Wednesday along with the Dow Jones giants Microsoft (MSFT) At Visa (Fifth) Jump on gains as they are preferred stock holders Boeing (Bachelor of) fell. But the Nasdaq wiped out significant intraday gains to close flat while the Dow and S&P 500 were slightly outperforming.
Tesla stock rose, but made it up for a fraction of the stumble on Tuesday. Meanwhile, TWTR stock fell for the second day in a row on concerns that Tesla CEO Elon Musk could walk away from the deal on Twitter.
Facebook reported earnings after the closure, along with fellow tech companies PayPal (PYPL), Service now (Now now) And Qualcomm (QCOM), Beside Ford Motor (F). But all these former leaders are in deep recession.
Meanwhile, the stock epidemic winner Tilladock Health (TDOC) also mentioned. TDOC stock has already surpassed its massive earnings in 2020.
early Thursday morning, Eli Lilly (LLY) The Dow Jones giant merck (Mrk) on tap, and they are both close to the points of purchase. Dow stock Larva (cat) And McDonald’s (MCD) also before opening, along with Twitter.
while, apples (AAPL) on Thursday night. Apple stock rose on Wednesday but hit resistance at the 200-day moving average.
Tesla (TSLA) and Microsoft stock operate the IBD Leaderboard. Microsoft shares and NOW run long -term leaders of IBD.
Dow jones futures contracts today
Dow Jones futures rose 0.2% against the difference. fair value. S&P 500 futures rose 0.75%. Nasdaq 100 futures jumped 1.3%, led by FB stocks and other technology earnings winners.
Note that working overnight on Dow Jones futures contracts and elsewhere does not necessarily translate into actual circulation in the following system Stock market session.
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Main income
Facebook earnings The daily active view exceeded expectations as earnings emerged. FB stock rose 18% in overnight trading. Shares dropped 3.3 percent to 174.95 on Wednesday, the lowest level in two years, after parent Google the alphabet (Google) He didn’t get the revenues, a bad sign for online advertising.
PayPal revenues were in line as revenue slightly exceeded targets. PYPL stock rose 5% in the range of extended actions. Shares fell 1.3 percent to 82.61 on Wednesday, just above the coronavirus low number in March 2020.
ServiceNow revenue easily beats views while also leading revenue. NOW the stock jumped 8% overnight. ServiceNow stock rose 2.3% on Wednesday to 466.29, after hitting a 23-month low on Tuesday.
Qualcomm’s earnings exceeded expectations and led the company higher in the current quarter, allaying fears of slowing demand for smartphones. QCOM stock jumped 5% in extended trading. Qualcomm stock rose 1.2% to 135.10 on Wednesday, after falling intraday to its worst level since October. Qualcomm’s earnings and guidance were also signs of optimism regarding Apple’s earnings Thursday night.
Ford Profits Views were leading by a narrow margin as the automaker reaffirmed its year -round goals. Ford stock rose 1% overnight. Shares rose 0.5% to 14.78 on Wednesday thereafter general motors (GM) expected strong production growth in 2022.
Teladoc reported a larger-than-expected loss and a $ 6.6 billion surprise weakening charge. The telehealth specialist also cut the guidance to 2022. TDOC stock fell 37% overnight, hitting the target for a four -year low. Teladoc stock fell 3.1% on Wednesday to 55.99, compared to a February 2021 high of 308.
Initiation of stock market recovery attempt
The stock market went up and down on Wednesday, little changed in the end. The Dow Jones Industrial Average rose 0.2% on Wednesday as stock market trading. The S&P 500 also rose 0.2%. The Nasdaq Composite closed less than 2 points. The small cap Russell 2000 has fallen 0.4% to its lowest level since December 2020.
US crude oil prices rose 0.3% to $ 102.02 per barrel. Treasury’s 10-year yield rose 4 basis points to 2.82%.
between Best ETFThe Innovator IBD 50 ETF (fifty) rose 0.3%, while the IBD Breakout Opportunities ETF (Innovator fits) by 0.1%. IShares Expanded Technology and Software Fund (ETF) IGV) closed just above the break-even point, with MSFT shares and ServiceNow both large holdings. VanEck Vectors Semiconductor Corporation (SMH) by 0.5%, with QCOM stock in SMH.
The shares show more speculative stories, the ARK Innovation ETF (see you) is down 2.2% and the ARK Genomics ETF (ARKG) is 0.65%. Both hit a 23-month low on the day. Tesla stock remains number one. 1 contract through Ark Invest ETFs. TDOC stock is also a major holding company for Ark Invest, which fund manager Cathy Wood recently added to the position. ARKK and ARKG fell sharply overnight.
The SPDR S&P Metals & Mining ETF (XME) was up 1.8% and the US ETF Global X Infrastructure Development Fund (cradle) by 0.8%. US Global Gates Foundation (ETF) Planes) rose 0.9%. The SPDR S&P Homebuilders ETF (XHB) was down 0.2%. The SPDR Specific Energy Fund (SPDR ETF) XLE (Up 1.5% and the Financial Select SPDR ETF) XLF) dropped 0.1%. The SPDR Healthcare Sector Selection Fund (XLV) lost 0.2%.
Top 5 Chinese stocks to watch today
Tesla Stock
TSLA stock rose 0.6% to 881.51 after falling 12.1% on Tuesday, cutting its 50-day and 200-day streaks. Shares rallied at 918 on the day but faded sharply, unable to close above the 200 line on Wednesday.
The massive sell-off on Tuesday may have been triggered by concerns that CEO Elon Musk could sell shares of TSLA to fund the Twitter takeover. But in the context of stock growth, Tesla’s stock hasn’t fallen much over the past few weeks.
Meanwhile, Twitter’s stock fell 2.1% to 48.64, less than its $ 54.20 acquisition price. The market sees a small but not small risk that Musk will walk away from the deal, leading to a massive sell-off in shares in TWTR. Musk has continued to make destructive comments about Twitter, its employees, and its policies since the deal was announced Monday.
BYD roughly equals Tesla’s hot revenue growth, which is set to occupy the EV crown
market analysis
The stock market tried to rebound on Wednesday on Microsoft and Visa earnings, but gains faded. The Dow Jones and S&P 500 have technically started attempts to rally the stock market, but not the Nasdaq, which has closed slightly.
Even in the high session, the key indicators are still below their 10-day moving average, not to mention their 21-day or 50-day lines. If the Dow and S&P 500 maintain Wednesday’s lows, a Follow-up day could happen next week to confirm a new market rally.
But until then, it was a market correction, as the Nasdaq was in a complete bear market.
The earnings season will remain rugged over the next two weeks, with Apple shares leading the way on Super Thursday. Next week, the Fed is likely to raise interest rates by 50 basis points and agree to begin reducing its balance sheet.
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What are you doing now
Wednesday’s work was certainly not inspiring. Even if the market closes in the highest sessions, it won’t make sense on its own.
For now, investors should stay on the sidelines, with limited or no exposure. But stay focused and build these watchlists.
Defense companies still look strong, while energy stocks generally remain at bases. Iron and manure tables play major levels. Travel stocks and REITs try to stay or make new buying points.
But as mining stocks have shown recently, even key sectors can quickly fall into weak markets.
Read The Big Picture Daily to stay in sync with market trends, stocks and leading sectors.
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