Dow Jones Futures Fall Amid Signs Strong Market Due For Pullback; Watch AMD, Boeing, These Stocks Investor’s Business Daily

Thank you for your kind words we appreciate it and thanks for the great suggestions! We are looking forward to more suggestions to make the app even better. Oil prices surged to a 13-year high on Sunday as U.S. officials signaled an openness to a ban on Russian oil imports amid Putin’s invasion of Ukraine.

The Dow Jones Industrial Average rose 1.25% in last week’s stock market trading, reaching its best levels of the year. The S&P 500 index jumped 2.6%, its best weekly gain since March. The Nasdaq composite leapt 3.25%, its eighth straight weekly advance. The small-cap Russell 2000 climbed 0.5%, well off weekly highs. U.S. stock markets were closed Monday for the Juneteenth holiday, but other exchanges around the world were open. China’s central bank cut two more key lending rates by 10 basis points overnight, after reducing two other rates by the same amount last week.

Investors also may want to save their powder for post-pullback buying opportunities in big tech winners. The Invesco S&P 500 Equal Weight ETF (RSP) popped 2.5% to 148.83, barely falling on Friday. The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) advanced 3.2% last week. Reflecting stocks with more speculative stories, the ARK Innovation ETF (ARKK) rallied 4.2% last week and ARK Genomics (ARKG) leapt 3.9%. Tesla stock is the No. 1 holding across Ark Invest’s ETFs.

Federal Reserve Chairman Jerome Powell is set to tell Congress on Tuesday that the omicron variant could threaten the U.S. labor market and cloud the inflation forecast. Despite some near-term caution, the overall trend is bullish. Even on Friday, with the Nasdaq clearly extended and the S&P 500 also getting stretched, the uptrend resisted a pullback.

The benchmarks have moved in a narrow range after starting the day in green. Securities trading is offered to self-directed customers by Webull Financial LLC, a broker dealer registered with the Securities and Exchange Commission (SEC). Get this delivered to your inbox, and more info about our products and services. The Fed could rapidly cut interest rates if higher borrowing costs threaten to push the US into recession, PIMCO’s former chief economist said.

Economic Events That Could Affect Your Portfolio This Week, July 3-7, 2023

A pullback could create new buying opportunities in leading stocks, many of which are currently far extended from any entry. But in the short run, investors should be cautious about making new purchases, especially in hot tech areas. A $0.55 per contract fee applies for certain options trades. Ideally, the Nasdaq would pause or give ground grudgingly in light volume, letting moving averages catch up. That would let leading stocks take a break, perhaps retreating to the 21-day or 10-week lines or even forging new bases.

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) advanced 2.1% last week. The iShares Expanded Tech-Software Sector ETF (IGV) leapt 5.2%. The VanEck Vectors Semiconductor ETF (SMH) ran 4.45% higher, with Nvidia and AMD stock major holdings.

News

Boyd Gaming has a 71.69 buy point from a flat base next to two long cup-with-handle consolidations. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session. Boeing (BA) and rival Airbus (EADSY) will likely announce a bevy of new orders at the Paris Air Show, which kicked off Sunday. McKesson (MCK) broke out of a consolidation while Smith & Nephew (SNN) is above a trendline entry. Marriott International (MAR), Chipotle Mexican Grill (CMG), Boyd Gaming (BYD) and Floor & Decor (FND) are near buy points. All seven stocks are from nontech areas of market leadership.

But Hong Kong’s Hang Seng fell 1.5, as investors may have wanted bigger cuts or other stimulus. Options trading entails significant risk and is not appropriate for all investors. Option investors can rapidly lose the value of their investment in a short period of time and incur permanent loss by expiration date. Losses can potentially exceed the initial required deposit. You need to complete an options trading application and get approval on eligible accounts. Please read the Characteristics and Risks of Standardized Options before trading options.

All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends. All investments involve risk, and not all risks are suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit or protect against loss in a down market. There is always the potential of losing money when you invest in securities or other financial products.

Running the NYSE demands unique leadership qualities, oversight of advanced data and technology, and the ability to preside over live broadcast events. NYSE President Lynn Martin takes the reins of an exchange off back-to-back record years for new listings and one positioned for a future where every company is a technology company. On Wednesday, the major indexes showed resilience in the face of a surprisingly hawkish Fed, then powered higher Thursday. The S&P 500 and Nasdaq hit fresh 52-week bests while the Dow Jones set new 2023 highs. SNN stock jumped 6.9% to 32.16 last week, clearing a trendline in a flat base that’s part of a base-on-base formation.

Stock Futures

Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket. You can consider taking partial profits in big winners, either on the way up or as they cross below their 10-day lines. That will depend on the size of your individual positions and overall exposure, your conviction in various holdings and your own investing style. Market breadth was weak Friday, but has improved significantly in the past few weeks. The SPDR S&P Regional Banking ETF (KRE) fell 0.9% after big gains since early May.

Inflation dropped to 3% in June, marking the lowest inflation reading the economy has seen since 2021. The de-dollarization movement has gathered steam this year, but don’t expect any other currency to supplant the greenback anytime soon.

Fed chief Jerome Powell could take a more hawkish tone before Congress this week after his relatively dovish comments last Wednesday. Depending on how mild or widespread the pullback is, quality stocks from outside the tech sphere could break out or at least hold up. Medical products, industrials, restaurants, travel and various housing-related plays are doing well, including Boeing, SNN, CMG, MAR and FND. CMG stock dipped 0.4% to 2,032.92 in low volume, trading at its 21-day line with the 10-week line catching up. Chipotle has a four-weeks-tight pattern with a 2,139.88 official buy point. That pattern could turn into a flat base in another week.

Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. When you’re ready for the public markets, we’ll create awareness for your brand’s mission, celebrate your entire team and create a day to remember. With world class technology, traders and DMMs, stocks trade better on the NYSE from the Opening Bell through the Closing Auction. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.

San Francisco Fed’s Daly Sees a ‘Couple’ More Rate Hikes This Year

I’m always looking for new ways to get an edge with my trading and managing my portfolios. This app has an amazing range of data, news sources, analyst scoring, etc. I’ve emailed him to see if a metric could be added to the app that is important to my trading – he immediately got back to me and was able to add the metric to the next update coming out within a week. I emailed him another time to resolve a technical issue with the app and he spent a lot of time making sure it was resolved. I can tell he takes pride in the app and making it better every day. I upgraded to the complete version which is an extremely good value compared to other competitor apps/online services I’ve used, and continue to purchase some of the new updates that are regularly put out.

• Russian lenders underwent the largest cash demand since fall of 2022, according to the country’s central bank.
• Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
• When you’re ready for the public markets, we’ll create awareness for your brand’s mission, celebrate your entire team and create a day to remember.
• You need to complete an options trading application and get approval on eligible accounts.

Meta Platforms (META) marked a 16-month best before closing a fraction lower on Friday. Tesla (TSLA), after two tiny losses ended a record 13-day win streak, rose to a fresh eight-month high Friday. The company, in a filing on Friday, announced a five-year revolving credit facility of up to $750 million with JPMorgan Chase, which will be used to finance expenses, investments and more. The fashion house also confirmed to Barron’s its plans to showcase its latest collection on Sept. 8 at New York Fashion Week alongside other luxury designer brands. Russian lenders underwent the largest cash demand since fall of 2022, according to the country’s central bank. Thank you for your kind words and your timereviewing our work.

Investors should consider their investment objectives and risks carefully before investing. Webull Financial LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at Our clearing firm, Apex Clearing Corp., has purchased https://g-markets.net/helpful-articles/ig-index-client-sentiment-analysis-using-excel/ an additional insurance policy.. When a market pause or pullback takes hold, you’ll want to keep a close eye on stocks finding key support or consolidating around buy points. So run your screens this long weekend to keep track of the wide array of leaders and potential leaders. BYD stock edged down 0.6% to 68 last week, just above its 10-week line.

• Chipotle has a four-weeks-tight pattern with a 2,139.88 official buy point.
• That would let leading stocks take a break, perhaps retreating to the 21-day or 10-week lines or even forging new bases.
• Among growth ETFs, the Innovator IBD 50 ETF (FFTY) advanced 2.1% last week.
• Gristedes CEO John Catsimatidis explained when Americans will see a break at the supermarket.
• With the Nasdaq and so many chip, software and AI leaders extended, it’s not a good time to be buying techs.

There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed. Like the Swiss Market Index (SMI), the Dow Jones is a price index. The shares included in it are weighted according to price; the index level represents the average of the shares included in it. The developer, Cinnamon Mobile LLC, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy. • Updating news sources view.• 200MA and 50MA are back to free users.

S&P 500 up 0.8%, Nasdaq Composite gains 1.3%

It’s an important pivot since the benchmark hasn’t closed above that level since April 2022, although it ventured beyond the mark two times over the past few weeks. She cautioned that the Fed will continue being data dependent and incoming information can change the bank’s projections. “We likely to need a couple more rates hikes over the course of this year to really bring inflation back,” Daly said at an event hosted by the Brookings Institution Hutchins Center Monday. Cleveland Fed President Loretta Mester and the San Francisco Fed’s Mary Daly followed with commentary that supported further rate hikes this year. Retail traders increased their net exposure to equities in June as U.S. stocks climbed, according to broker TD Ameritrade on Monday.