Dow Jones, S&P 500, and Nasdaq 100 futures were lower before the stock market opened on Tuesday. Google stock broke out past a new buy point on Monday, while Tesla will report its first-quarter deliveries later in the day.
Analysts expect Tesla to report Q1 deliveries of 457,000 units, which is lower than previous estimates. Tesla stock was down 0.3% on Monday but still significantly below its 52-week high.
Upcoming economic data includes the Labor Department’s March employment report on Friday, which is expected to show an increase in payroll positions. Additionally, companies like Levi Strauss and Paychex are set to report earnings this week.
On Monday, the Dow fell 0.6%, the S&P 500 dipped 0.2%, and the Nasdaq rose 0.1%. Among notable stocks, Alphabet had a strong performance, while Apple and Microsoft ended mixed.
Future market trends suggest a slight decrease in Dow Jones and S&P 500 futures, while oil prices and Treasury yields are on the rise. Stocks to watch include Disney, IBM, Verizon, and other companies nearing buy points.
Alphabet, Arista Networks, and other stocks are breaking out to new highs, while others like DraftKings are struggling to maintain their buy points. The stock market is in a confirmed uptrend, and it’s crucial to monitor stocks near buy zones for potential investment opportunities.
