"Tesla Leads as Rising Yields Curb Market Rally: 5 Stocks Near Buy Points"

1 min read
Source: Investor's Business Daily
"Tesla Leads as Rising Yields Curb Market Rally: 5 Stocks Near Buy Points"
Photo: Investor's Business Daily
TL;DR

Dow Jones futures, along with S&P 500 futures and Nasdaq futures, fell slightly as the stock market rally lost ground due to rising Treasury yields. However, megacaps like Microsoft, Meta Platforms, and Tesla limited the losses. Homebuilders and housing stocks sold off, while energy stocks performed well. Several stocks, including Microsoft, Meta, Tesla, General Electric, and MongoDB, are trading close to buy points. Roku raised its Q3 revenue guidance, and GitLab reported surprise earnings and revenue above expectations.

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