Market Rally Hits Resistance as Treasury Yields Slump and Stocks Rise
TL;DR
The stock market rally continued to gain ground, with the Dow Jones and S&P 500 futures remaining unchanged, while Nasdaq futures rose slightly. However, the Nasdaq hit resistance at a key level. Several stocks, including Tesla, Super Micro Computer, Uber Technologies, Novo Nordisk, NetEase, and Nvidia, flashed new buy signals. Investors are advised to gradually add exposure and look for possible entries if the market continues to make progress. In addition, upcoming reports on inflation and earnings season, as well as the Israel-Hamas conflict, remain factors to watch.
- Dow Jones Futures: Market Rally Hits Resistance; Tesla, Nvidia Lead New Buys Investor's Business Daily
- Stocks Rise as Wall Street Dials Back Fed Wagers: Markets Wrap Yahoo Finance
- US Treasury Yields Set to Slump When Cash Market Reopens for Asia Session Bloomberg
- Dow Jones Rallies As Treasury Yields Slide; Tesla Stock Surges Despite Price-Target Cut Investor's Business Daily
- Bonds aren't 'out of the woods yet' — and that could mean trouble for stocks Yahoo Finance
- View Full Coverage on Google News
Want the full story? Read the original reporting
Read on Investor's Business Daily