Dow Jones Futures: Stock Market Rallies Into CPI Inflation Report; Amazon Leads Megacaps | Investor's Business Daily – Investor's Business Daily

Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures.


Stock market gains on Wednesday extended recent gains ahead of Thursday’s CPI inflation report. Investors are betting on lower inflation, raising hopes for reports critical of the Fed. (AMZN) and Tesla shares led a megacap gain on Wednesday, apple (AAPL), microsoft (MSFTMore) and Google’s parent alphabet (Google) has a solid session. Tesla (TSLA) and AMZN stocks also reflected strong performance in the car/EV name and e-commerce markets, respectively.

Celsius Holdings (Selja) rose on Wednesday, giving a buy signal.

Added CELH inventory swing trader Wednesday and IBD leaderboard Watch list.Celsius was also Wednesday IBD stock today.

Main income

KB Home (KBH) started housing reports and reported earnings after the deal closed. KBH shares fell slightly. KB Home Earnings Sales were also unclear, falling well short of the accounting first quarter view. KB Home’s shares rose 3.2% on Wednesday, its highest level since March 2022, and he’s up nearly 13% so far this year.

Stocks of homebuilders, and housing names in general, have risen in recent weeks. How will you react to KB Home results?

taiwan semiconductor (TSM) earnings tapped early Thursday, the first major chip result of the latest quarter. Shares of TSM rose 0.6% on Wednesday, just below its 200-day moving average.

Disney buys Nike veteran

Walt Disney (DIS) named Nike (NKE) Chairman Mike Parker becomes the new chair, succeeding Susan Arnold. Parker has served on Disney’s board of directors for seven years.

Disney, meanwhile, is urging shareholders to vote against activist investor Nelson Peltz, who is seeking a seat on the Dow Jones entertainment giant’s board. increase.

DIS stock rose slightly. Nike, which shares the same Dow stock as Disney, Apple and Microsoft, was little changed after hours.

Consumer Price Index Report

of December consumer price index It will be released at 8:30 AM ET.

Economists expect consumer prices to remain flat after rising 0.1% in November. Core CPI is expected to rise 0.3% after his 0.2% rise in November. Overall CPI inflation should continue to decline, falling to 6.6% from 7.1% in November. Core inflation is expected to ease to 5.7% from 6% in November.

CPI inflation peaked at 9.1% last June and core CPI inflation hit 6.6% in September, both the highest in 40 years.

Other data this week point to a cooling in inflation and the labor market, including inflation expectations from the New York Fed and small businesses with job openings and plans to hire.

A subdued inflation report should lock the Fed’s rate hike at a quarter of a percentage point at its Feb 1st policy meeting. More importantly, lower inflation may raise hopes that his Fed will pause rate hikes after its March meeting, perhaps.

dow jones futures today

Dow Jones futures were flat against fair value. S&P 500 futures were little changed and Nasdaq 100 futures fell slightly.

The 10-year Treasury yield fell three basis points to 3.52%.

remember the night action dow futures Elsewhere, it doesn’t necessarily translate into the next regular real deal stock market session.

Join IBD experts analyzing viable stocks on IBD Live stock market rally

stock market rally

Equity market gains fueled recent gains, with major indices closing near highs for the second time in a row. The Nasdaq led the gains thanks to Amazon and large-cap growth stocks.

The Dow Jones Industrial Average rose 0.8% on Wednesday. stock market tradingThe S&P 500 Index rose 1.3%. The Nasdaq Composite rose 1.8%. Small-cap Russell 2000 rose 1.2% on him.

US oil prices climbed 3.1% to $77.41 a barrel as China’s optimism outweighed a significant increase in US oil reserves.

The 10-year Treasury yield fell 6 basis points to 3.55%.


Innovator IBD50ETF (FFTY) increased by 1.3%. iShares Expanded Tech Software Sector ETF (IGV) rose 1.6% to regain the 50-day line. MSFT shares are the primary IGV holdings. VanEck Vectors Semiconductor ETF (SMH) rose 1.2%, above the 200-day line. TSM stock is the top of the line for SMH components.

Reflecting more speculative story stocks, the ARK Innovation ETF (arc) rose 3.4%, while the ARK Genomics ETF (ARKG) 3.7%. Tesla remains the top holding across Ark Invest ETFs. Kathy Wood’s Ark has been loading into her TSLA stock in the last few days and weeks.

SPDR S&P Metals & Mining ETF (XME) rose 0.5%, while the Global X US Infrastructure Development ETF (pave) increased by 1.3%. US Global Jets ETF (jet) rose 0.4%. SPDR S&P Homebuilders ETF (XHB) Pop 2.6%. Energy Select SPDR ETF (XLE) rose 0.3%, while the Financial Select SPDR ETF (XLF) increased by 0.9%. Healthcare Select Sector SPDR Fund (XLV) added 0.6%.

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megacap stocks

Tesla shares rose 3.7% to 123.22, extending the rebound from Friday morning’s bear market low of 101.81. The stock is still below his long-falling 21-day line. Tesla plans a major expansion at its Austin factory and is reportedly close to signing a preliminary contract for a new factory in Indonesia. The latter could complicate demand issues for Tesla Shanghai.

Amazon stock rose 5.8% to 95.09, above the 50-day moving average for the first time in four months. AMZN stocks also set a bear market low last Friday.

Apple stock rose 2.1%, above the 21-day line. This is despite Barclays lowering his AAPL price target. Weakening demand for Apple across many product categories.

Google shares also rose 3.5%, regaining the 21st line. Microsoft shares rose 3% just below the 21-day line after plunging last week.

Celsius Stock

CELH shares rose 5.3% to 106.57 on Wednesday after Tuesday’s reversal. The stock has risen from the 50-day line, broken above the trend line and closed above the 21-day moving average. All that provided a buy signal. CELH shares closed at an intraday high of 108.80, a strong closing price.

Market rally analysis

Stock market gains on Wednesday showed more strength ahead of the CPI inflation report.

The S&P 500 Index rose further from its 50-day line and surpassed Tuesday’s intraday high. While still below the 200-day line, the benchmark index beat his 10-week line and his 40-week line. The Russell 2000 cleared the 200th line after breaking his 50th on Wednesday.

The Nasdaq, which has been lagging in recent months, has cleared the 50-day line for the first time in almost a month.

On the other hand, major stocks showed positive movements overall. CELH shares issued a buy signal. Stocks that have broken out recently have generally held up or continued to rise.

Apple’s, Tesla’s, Amazon’s and others’ mega caps are far from being viable, but at least they’re weighing down the major indices.

Just looking at the major indices and major stocks, the stock market rally points to a healthy move, but there could be more resistance levels ahead.

But the Fed’s backlash to key economic data and events has been shaky over the past few months at best. Yes, a tame CPI inflation report could make the market fly again. And the market is pricing in the “good news.”

Of course, it’s not the news that matters, it’s the reactions to it.of CPI Inflation Report for November December 13 was cooler than expected, pushing major indices to their highest intraday highs in months. But it was the top of the October-December market rally.

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what to do now

Investors may have added more exposure in recent days as the index rose and many stocks sent buy signals.

These recent buys may look great on Thursday, but they could all blow up, too, depending on December’s CPI inflation report.

As such, investors should not have been overly exposed to the inflation outlook.

But if the major indices make a strong move past the opening bell, get ready to act. Many quality stocks are flashing or setting buy signals.

Don’t forget the financial results season. JP Morgan Chase (JPM) and several other large banks reported Friday morning: delta airlines (Dar) When united health (UNH).

Stocks for Microsoft and Tesla will be announced in the next two weeks, followed by Apple, Amazon and Google shortly.

Earnings results and guidance are critical during uncertain economic times.

read big picture Every day to stay in sync with market direction and major stocks and sectors.

Follow Ed Carson on Twitter. @IBD_E Carson Stock market updates and more.

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