"Market Rally Rangebound as Dow Jones Futures Fall; Tesla Earnings Awaited"

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Source: Investor's Business Daily
"Market Rally Rangebound as Dow Jones Futures Fall; Tesla Earnings Awaited"
Photo: Investor's Business Daily
TL;DR Summary

Dow Jones futures, along with S&P 500 futures and Nasdaq futures, fell modestly as investors awaited Tesla's earnings report and President Joe Biden's visit to Israel. The stock market rebounded from earlier losses on Tuesday, led by small caps, despite surging Treasury yields. Fair Isaac, Super Micro Computer, Woodward, DraftKings, and Arista Networks are stocks to watch near buy points. ASML warned of flat 2024 sales, while Lam Research and Taiwan Semiconductor are set to report earnings. J.B. Hunt Transport Services, United Airlines, Morgan Stanley, and Interactive Brokers fell overnight in negative reactions to earnings or guidance. All eyes are now on Tesla's earnings call, with investors looking for positive signals on gross margins and potential growth drivers.

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