Dow Jones Futures: Market Stabilizes as Meta Approaches Buy Point; Tesla Slumps Due to ‘Unmitigated Disaster’

Dow Jones futures, as well as S&P 500 and Nasdaq futures, were relatively stable after hours. The stock market faced challenges during the session but managed to recover from morning lows. Treasury yields reached their highest level since 2024. Various factors contributed to fluctuations in the market, including Medicare rates impacting health insurers like UnitedHealth, guidance from PVH Corp. affecting apparel plays, and Tesla’s disappointing delivery numbers. Despite these obstacles, some companies like Meta Platforms, Uber Technologies, Eli Lilly, and Salesforce.com showed resilience. On the other hand, Intel disclosed a significant operating loss for its chip foundry business, leading to a drop in their stock price. Energy stocks saw some strength due to rising crude oil prices, but many of them are currently overextended. Overall, the market situation remains uncertain, with opportunities for buying emerging in certain stocks. It is essential for investors to monitor the market closely and be prepared to make informed decisions to protect their assets.