Dow Jones futures were slightly changed Thursday night, along with S&P 500 futures and Nasdaq futures. But it is after Dow Jones dropped 2.8% in Thursday's stock market, the S&P 500 index fell 2.5% and the Nasdaq composite fell 3%. New warnings from Apple (AAPL) and Delta Air Lines (DAL) and a tremendous decline in a key producer metric triggered the sale. The Apple stock tumbled 10% and the Delta share dived 9%, while iPhone vendors and other airline shares were sold. The large indices are all some distance from the downsizing decline in December, so the 2019 stock market rally attempts are still on. But for now there is still a stock market correction, which has been characterized by short-lived collections and longer, sharper legs down.
Dow Jones Futures Today
Dow Jones futures pushed 0.1% against fair value. S & P 500 futures fell 0.1%. Nasdaq 100 futures were flat. Keep in mind that taking over in Dow futures and elsewhere may not necessarily translate into actual trading in the next ordinary stock market session. However, Dow Jones futures signaled the sharp Apple-led sales Thursday.
Stock market adjustment: Short market trials
Stock market adjustments and bear markets often have large fluctuations, and that has certainly been true in the recent downturn.
Apart from a three-day show in mid-October, Nasdaq has had three stock market trials.
Stock Market Rally Poll No. 1: At the end of October to early November, Nasdaq pulled higher than seven sessions, capped by a subsequent day on November 6, confirming the new market rally. Confirmed market ranks do not always work, and when they do not, it is usually clearly evident. Nasdaq turned south immediately, underestimated the October half and ended the new rally.
Stock Market Rally Attempt No. 2: Having bottomed on November 20, Nasdaq ran over eight sessions, triggering another follow – Throughout the day of December 3. The large averages were again sold with a penalty in December in a Nasdaq and S & P 500 index bear market. These two indices and Dow Jones hit all their lowest levels in more than a year.
Stock Market Rally Attempt No. 3: After the melting of Christmas Eve, the Nasdaq composite shifted up 5.8% on December 26, with the Dow Jones and S & P 500 index up 5%. Nasdaq expanded its winning streak to five sessions. Then came Thursday's sharp stock market of sales, led by Apple warehouse, Delta warehouse and many others. Apple is a member of the Dow Jones, S & P 500 Index and the Nasdaq Composite.
If this is a near-term peak, it would be a shorter rally than the two previous trials, but not of character. But the simple fact is that the stock market is searching for direction. Until the market confirms a clear, positive direction, investors should be on the sidelines. When it is a confirmed stock market context – something that can happen sometime – be ready to act, but don't be furious.
Stock Market Catalysts Friday
Friday's job report and comments from Fed Mayor Jerome Powell may be catalysts for a reinvigorated stock market rally or a move towards the end of December stock market correction downturns. The Bulls would like to see strong job growth as a sign of a healthy economy, followed by Fed Mayor Powell, who takes a more dovish tone on the economy, stock market and Fed policy.
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