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Investors Business Daily
Investors Business Daily
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SCOTT LEHTONEN

Dow Jones Futures: Astera, Circle, Google, Netflix, Robinhood Are Big Movers; Powell Speech Next

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded little changed ahead of Tuesday's open.

Still, Astera Labs, Circle Internet Group, Alphabet, Netflix and Robinhood were big movers on the stock market Monday.

Astera stock soared more than 19% Monday after the maker of semiconductor connectivity systems for AI and data center infrastructure received some positive analyst comments.

Circle Internet sold off 3.5% Monday, extending Friday's losses. Meanwhile, Alphabet advanced 2.7%, rising for a ninth straight session and moving further above a 181.23 cup-with-handle entry. The company's second-quarter earnings report is due out Wednesday.

IBD Leaderboard stock Netflix bounced back from Friday's earnings-fueled sell-off with a 2% gain Monday. Shares are attempting to find support around their 10-week moving average, a key level to watch.

Robinhood tumbled 4.9% after S&P Dow Jones Indices passed up the stock for addition to the S&P 500 index, choosing Square-parent Block instead.

Late Monday, Medpace and NXP Semiconductors were earnings movers. Medpace stock soared 33% in extended trading, while NXP stock tumbled more than 5%.

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Stock Market Today: Powell Speech Next

Federal Reserve Chairman Jerome Powell is expected to speak at 8:30 a.m. ET at the Integrated Review of the Capital Framework for Large Banks Conference in Washington D.C. Wall Street will be analyzing his comments for his thinking on the path of future interest rates.

The remainder of the week will be a busy one, with Tesla and Alphabet earnings on tap for Wednesday after the market closes.

Meanwhile, defense contractors carry some solid momentum into this week's slate of earnings. Lockheed Martin, RTX and Northrop Grumman report Tuesday.

Finally, companies on the Dow Jones Industrial Average reporting this week include Coca-Cola, Honeywell and Sherwin Williams.

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Dow Jones Futures Today: Oil Prices, Treasury Yields

On Monday, the Dow Jones Industrial Average reversed slightly lower, down 19 points, while the S&P 500 edged up 0.1% and the Nasdaq composite rose 0.4%.

Ahead of Tuesday's opening bell, Dow Jones futures, along with S&P 500 futures and tech-heavy Nasdaq 100 futures, were little changed. Remember that overnight action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

On Monday, the 10-year U.S. Treasury yield ticked lower to 4.37%. And oil prices eased, as West Texas intermediate futures settled near $67 a barrel.

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What To Do Now As Market Rally Continues

Following the ongoing bullish stock market action, now is an important time to read IBD's The Big Picture column. With the stock market in rally mode, investors should be methodically putting their capital to work by buying strong breakouts past correct entries. Check out the latest Big Picture column for today's updated recommended exposure level.

On Monday's "IBD Live" show, the team discussed the current trading conditions of the stock market action.

An essential resource for daily breakouts is IBD MarketSurge's "Breaking Out Today" list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. Meanwhile, the MarketSurge "Near Pivot" list shows more stocks nearing buy points in bases.

To find more stock ideas, check IBD Stock Lists like the IBD 50Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.

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

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