Dow Jones futures, S&P 500 futures and Nasdaq 100 futures were little changed ahead of Tuesday’s stock market open.artificial intelligence stocks arm (arm), broadcom (AVGO) and Nvidia (NVDA) is approaching the day to purchase points on Monday, tesla (TSLA) rose sharply.
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This week, Wall Street will focus on Wednesday’s March consumer price index. Additionally, the minutes of the Federal Reserve’s March policy meeting are scheduled to be released on Wednesday.
Meanwhile, first-quarter earnings season begins this week with reports from major banks. JP Morgan Chase (J.P.M.), wells fargo (W.F.C.) and citygroup (C), with delta airlines (Dal).
AI stocks near buy points
AI Chip Stock Arm is building a consolidation with an official buy point of 164. However, investors could use a decisive pullback from the 50-day line as another buying opportunity. While today’s price action was strong, this move was on low volume, removing some of the bullishness from the session. Note the large increase in strong volume which indicates support from financial institutions at an important level.
Additionally, more aggressive investors may also use the stock’s late-March move above the 145 price level as an early buying trigger.
AI stock Broadcom is building a short-term hold at a buy point of 1,438.17. Although the price movement appears to be flat-based, the depth is just over 16%, which is a bit too deep. Maximum depth of flat base is 15%. The stock fell 0.3% on Monday, leaving it about 8% from entry.
And Magnificent Seven stock NVIDIA is nearing the end of a sideways basis that would create a buying opportunity at 974. NVIDIA stock is in its fifth week of flat trading, meaning entries will be valid from this week onwards. The stock fell 1% on Monday. The AI giant is his IBD leaderboard stock.
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stock market today
The Dow Jones Industrial Average and S&P 500 both edged lower on Monday, while the tech-heavy Nasdaq Composite Index rose less than 0.1%.
Google’s parent alphabet (Google), Arista Networks (ANET), draft kings (DKNG) and ServiceNow (now) — plus Dow Jones component sales force (CRM), IBM (IBM) and verizon communications (VZ) — one of the most interesting companies on the stock market today.
Salesforce is featured in this “Stocks Near a Buy Zone” column.
Dow Jones Today: Oil Prices, Treasury Yields
Ahead of Tuesday’s opening bell, Dow Jones futures, S&P 500 futures and tech-heavy Nasdaq 100 futures were little changed relative to their fair values. Note that overnight movements in Dow Jones futures or elsewhere do not necessarily translate into actual trades in the next regular stock market.
On Monday, the 10-year Treasury yield rose to 4.42%. And oil prices fell, with West Texas Intermediate futures prices settling at $86.50 per barrel.
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Stock market rise: what to do now
With the stock market outlook “trending up under pressure,” now is an important time to read IBD’s The Big Picture column. Be sure to check out The Big Picture today for the latest exposure levels following Monday’s action.
Essential resources for daily breakouts include: IBD Market Surge “Today’s Breakout” list. This indicates that the MarketSurge Growth 250 stocks are breaking through a new buy point. Meanwhile, MarketSurge’s “Near Pivot” list shows stocks that are nearing buy points on base.
To find more stock ideas, check out IBD stock lists like: IBD50, big cap 20 and stocks near buy zones. These features identify bullish patterns and allow you to purchase points and check them daily.
Dow Jones: Salesforce, IBM, Verizon
According to Salesforce, Salesforce is trying to find support near its 50-day moving average. market surge chart. A pullback would put the software leader in new buying territory. But investors will have to wait for a decisive rebound. The stock price also entered flat at 318.72.
IBM stock rose 0.4% on Monday and is looking for support at its 50-day line. The stock remains below the flat-based buy point of 196.90.
Telecommunications giant Verizon’s latest attempt at a breakthrough faltered further Monday amid a third straight day of losses.
4 Top Growth Stocks to Watch stock market rise
Google stock regains buy points
As the stock rose 1.5% on Monday, Alphabet rose above the buy point of the stock consolidation at 153.78.
According to , Arista stock closed in buy range above Monday’s flat base buy point of 292.66. market surge Even though the charts were slowly going down.
DraftKings has fallen below a 46.52 buy point in a short-term consolidation after Monday’s 3.6% decline.
Finally, ServiceNow is nearing a flat-based 815.32 entry. The stock rose another 0.3% on Monday.
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Up-and-coming stocks
These are four stocks in the buy zone or near the buy zone on the stock market today.
| Company Name | symbol | correct purchase point | Types of purchase points |
|---|---|---|---|
| disney | (DIS) | 112.92 | cup with handle |
| Arista Networks | (ANET) | 292.66 | flat base |
| draft kings | (DKNG) | 45.62 | integration |
| ServiceNow | (now) | 815.32 | flat base |
Source: IBD data as of April 1, 2024
IBD experts break down the top stocks in the current stock market rally on IBD Live.
Magnificent Seven Stock: Tesla
Among the Magnificent Seven stocks, Tesla stock rose 4.9% on Monday, rebounding from recent lows.
The stock is still more than 40% off its 52-week high.
Dow Jones Leader: Apple, Microsoft
Among the Magnificent Seven Dow Jones stocks, Apple and Microsoft fell in stock market trading on Monday.
Apple stock fell 0.7% on Monday, hitting a recent low. The stock price remains well below its long-term 200-day line.
Microsoft stock fell 0.2% on Monday, but remains above its 50-day line.
Follow Scott Lehtonen on X/Twitter. @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.
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