Dow Jones Futures In Focus After 586-Point Surge; Nasdaq Closes In On Record Highs; 5 Stocks To Buy And Watch

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were in focus late Monday following the Dow Jones-led stock market rally. Dow Jones leader Microsoft, along with Alphabet, KKR, PayPal and Pool, are potential stocks to buy in the current stock market rally.


On Monday, the tech-heavy Nasdaq composite rallied 0.8%, while the S&P 500 gained 1.4%. The Dow Jones Industrial Average surged 1.8%, or 586 points.

Among the Dow Jones leaders, Apple (AAPL) advanced 1.4% Monday, while Microsoft (MSFT) moved up 1.2% in today’s stock market.

Tesla (TSLA) fell 0.4% Monday, as it battles to retake its long-term 200-day moving average.

Among the top stocks to buy and watch, Alphabet (GOOGL), KKR (KKR), Microsoft, PayPal (PYPL) and Pool (POOL) are in or near new buy areas.

Alphabet and Microsoft are IBD Leaderboard stocks. PayPal was featured in this week’s Stocks Near A Buy Zone column. KKR is an IBD SwingTrader stock. Pool was Monday’s IBD Stock Of The Day.

Dow Jones Futures Today

After the stock market close Monday, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

U.S. Stock Market Today Overview

Index Symbol Price Gain/Loss % Change
Dow Jones (0DJIA) 33876.65 +586.57 +1.76
S&P 500 (0S&P5) 4224.70 +58.25 +1.40
Nasdaq (0NDQC ) 14141.48 +111.10 +0.79
Russell 2000 (IWM) 226.85 +4.72 +2.12
IBD 50 (FFTY) 44.25 +0.22 +0.50
Last Update: 4:44 PM ET 6/21/2021

Among exchange traded funds, the Innovator IBD 50 (FFTY) traded up 0.5% Monday. Nasdaq 100 tracker Invesco QQQ Trust ETF (QQQ) gained 0.5%. Meanwhile, the SPDR S&P 500 ETF (SPY) rose 1.4%.

Stock Market Rally

The S&P 500 reclaimed its key 50-day line Monday, snapping a four-day losing streak. The Dow Jones Industrial Average ended a five-day skid, but remains below its own 50-day line. Meanwhile, the tech-heavy Nasdaq is on the cusp of all-time highs.

Friday’s Big Picture column commented, “The stock market went from dull to weak after broad losses Friday further clouded the market’s direction. Major indexes hit some pressure points, while leading sectors are breaking upward price trends. Market leadership continued to thin out.”

For more stock market commentary, check out IBD’s The Big Picture.

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Bitcoin Price Plunges On China Crackdown

The price of Bitcoin briefly plunged below $32,000, trading as low as $31,744 before paring losses Monday. Bitcoin traded around $32,500 in evening trade, according to CoinDesk. Early Monday, China ordered banks and Alipay not to provide services related to cryptocurrency transactions, the latest Chinese crackdown on Bitcoin and digital assets.

The Grayscale Bitcoin Trust (GBTC) tumbled over 7% Monday and is more than 50% off its 52-week high.

Dow Jones Stocks: Microsoft Nears Buy Point

Dow Jones software giant Microsoft briefly moved above a new cup base’s 263.29 buy point, according to IBD MarketSmith chart analysis. Shares closed just under the entry, up 1.2% for the session.

The stock’s relative strength line is nearing recent highs, a positive sign of stock market outperformance in recent weeks.

Stocks To Buy And Watch: Alphabet, KKR, PayPal, Pool

FANG stock leader Alphabet is back above a 2,431.48 buy point in a flat base following Monday’s 1.4% gain.

According to IBD Stock CheckupGOOGL stock boasts a perfect 99 IBD Composite Rating. The IBD Composite Rating easily identifies stocks with a blend of strong fundamental and technical characteristics.

IBD SwingTrader stock KKR is tracing a flat base with a 59.25 buy point, according to IBD MarketSmith chart analysis. Shares rallied 2.7% Monday and are about 3% away from the new buy point.

IBD Leaderboard stock PayPal is in the 5% buy range past a 277.96 buy point. The stock was raised to a half position on Leaderboard on Friday due to the recent strength. The 5% buy zone goes up to 291.86. Shares lost 0.1% Monday.

Monday’s IBD Stock Of The Day, Pool, surged past a 449.54 buy point in a flat base. Shares climbed 2.5% Monday and are in buy range.

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Tesla Stock

Tesla stock reversed from solid gains Monday to fall 0.4%, snapping a three-day win streak. The EV giant continues to battle for support around its long-term 200-day line and is back above it. A new base could be forming, but the stock is far away from any new buy point.

On Jan. 25, Tesla stock hit a record high at 900.40, after climbing as much as 93% from a 466 buy point in a cup with handle.

Dow Jones Leaders: Apple

Among the top Dow Jones stocks, Apple gained 1.4% Monday, as the stock continues to trace a new cup base with a 137.17 buy point.

Shares are about 3% away from the entry.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.


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