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Dow futures: Market rally gets a shake-up, Tesla stock doubles down as bear bear



Dow futures were little changed after hours, along with S&P 500 futures and Nasdaq futures. Cloudflare address reports earnings overnight.


Thursday’s stock market rally started strong but reversed downward with strength, erasing the lows of the past few days. It’s a reason to be careful in the very short term. But the decline could pave the way for another strong advance.

Tesla (TSLA) continued to climb on Thursday, although the electric car giant trimmed its gains on the day. TSLA stock has now more than doubled from its Jan. 6 low in the bear market. The broader auto sector, from makers of electric vehicles to traditional auto giants and makers of auto parts, is doing well.


Google’s parent the alphabet (Google) into selling after Wednesday’s AI event. Microsoft (MSFT) is seen as beyond google and Baidu (beginning) in exploiting the advantages of artificial intelligence.

Main earnings

Cloud Flair (network), Trix (AYX), Expedia (EXPE), dexcom (DXCM), PayPal (PYPL) And Lift (Lyft) reported after closing.

The net stock rose 10% overnight as earnings in the fourth quarter of last year topped views, with the software maker also offering solid guidance. Cloudflare is set to gap above the base of a cup handle low with a Buy pip of 65.61. Meanwhile, AYX has delivered solid earnings, as the database software maker has built the right side of a deep cupbase.

Cloudflare and Alteryx’s earnings reports are positive relative to the plays of other high-value software such as snowflake (snow). Snow arrow that joined IBD Leaderboard On Thursday, it rose modestly in late trade.

EXPE stock fell modestly with EPS down nicely and revenue disappointing.


Dexcom, a manufacturer of diabetes products, beat EPS. DXCM rose strongly, but is facing a test at the 50-day line within a consolidation process.

LYFT stock fell due to a larger-than-expected loss and poor first-quarter revenue guidance.

PYPL stock tilted lower despite PayPal’s strong earnings and guidance. CEO Dan Schulman will leave at the end of 2023. Stocks have pulled back from their lows in late 2022 but have been hitting resistance.

Dow jones futures today

Dow futures fell against fair value. S&P 500 futures lost a fraction. Nasdaq 100 futures fell 0.1%. Remember that overnight action in Dow futures and elsewhere does not necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable shares in the bullish stock market on IBD Live


Stock market rise

The stock market rally had a tough session, as it reversed sharply lower.

The Dow Jones Industrial Average fell 0.7% in stock market trading Thursday. The S&P 500 fell 0.9%. The Nasdaq Composite fell 1%. Small Capital Russell 2000 slipped 1.4%

US crude oil prices fell 0.5% to $78.06 a barrel.

The 10-year Treasury yield rose five basis points to 3.68%, reversing higher after falling to 3.58% on the day. The yield jumped 35 basis points from the low of February 2 during the day.

Exchange Traded Funds

Among the ETFs, the Innovator IBD 50 ETF (fifty) decreased by 0.3%. iShares Expanded Technology and Software ETF (IGV) fell 0.1%, with the main share of MSFT. VanEck Vectors Semiconductor Corporation (SMH) rose 0.5%.


Reflecting more speculative stories, the ARK Innovation ETF (ARK)ark) and ARK Genomics ETF (ARKG) both decreased by 3%. Tesla stock is a major holding across Ark Invest’s ETFs.

SPDR S&P Metals & Mining ETFs (XME(waived 1% and the Global Infrastructure Development Fund (ETF) in the USA)cradle) slipped 1%. US Global Gates Foundation ETF (Planes) decreased by 2.1%. SPDR S&P Homebuilders ETF (XHB) surrendered 0.5%. Energy Defined Fund SPDR ETF (xle(Down 0.8% and Financial Select SPDR ETF)45) down 1.1%. SPDR Health Care Sector Selection Fund (XLV) gave up 0.9%

Top five Chinese stocks to watch now

Google Stock AI shares continue to sell off

Google stock fell 4.4% to 95.01, testing the 50-day line after falling 7.7% on Wednesday. Google Bard’s new chatbot gave an inaccurate answer during a presentation on Wednesday.

Microsoft shares fell 1.2%, to 263.62. MSFT stock remains higher all week, buoyed by a successful event Tuesday in which the software giant integrated OpenAI’s ChatGPT into its Bing search service.


The fear for Google is twofold. Microsoft’s Bing could take some market share from Google search. Second, it is very expensive to run AI-powered chatbots, and Google’s costs will be much higher than Microsoft’s because of its search dominance.

There was also a small amount of heat checking for speculative AI games. C3. ai (Amnesty International), Holdings (BBAI), SoundHound (maintenance) And Ferriton (dataEveryone backed off.

My husband’s Tesla Stock

Tesla stock rose 3% to 207.32, closing above its 200-day moving average. Shares have pulled back from an intraday high of 214. But TSLA stock is up 103% from its Jan. 6 low of 101.81. At this point, investors should look to see if TSLA stock can reclaim its 200-day line and then perhaps consolidate, forging a handle inside a deep base going back to September.

Tesla’s price cuts have boosted demand for its electric vehicles, albeit likely at the expense of margins. The main question is whether demand will remain strong or if it will start to fade as the weeks go by. CEO Elon Musk says he will unveil his “Master Plan 3” at an investor event on March 1. Tesla has already said it will provide more details at the event for a new EV platform, possibly for a cheaper model.

Tesla vs. BYD: EV Giants Vy for the Crown, But Which One is a Better Buy?


Market rally analysis

The stock market opened strongly higher Thursday, with the Nasdaq up 1.4% early on. But the gains quickly faded into notable losses. It’s not a good idea to see strong openings and weak closes, although the indices closed slightly at session lows.

Here’s the bright side: the market is rallying and blue chips are getting a much-needed jolt. On Thursday, the Nasdaq and S&P 500 finally fell below their 10 moving averages, with the latter also back below its December highs. Russell 2000 almost came back to the 21-day streak.

The Dow Jones tested the 50 day line again, closing just above that key level.

The stock market has gone through 5 trading days since it reached its highest level on February 2nd. This means that a number of stocks have now forged new handles. Thursday’s action helped give some of these knobs more depth, shaking up the weak mounts. A longer and slightly deeper decline could be useful to rein in stocks that resisted last week’s market stall.

Of course, if you own a stock that’s going down, deep handles aren’t fun at the time. You never know if a stock will simply continue to fall.


On Thursday, the losers outperformed the winners by more than 2 to 1, but new highs handily beat out new lows.

The market rebound boasted widespread leadership.

Chip and software names are now starting to pop up, along with many other tech names, including e-commerce plays. The broad automotive, travel and housing sectors are also doing well. In other words, it’s not just Tesla stocks, Wayne Resorts (where) and two home builders, but GM, automatic life (ALV), Hilton (HLT), Expedia, floor and decoration (FND) and more.

Miners and steel plays are combined, and heavy construction companies and trucks look interesting. A number of medical retailers and names are doing well.

It’s time to market with IBD’s ETF Market Strategy


What are you doing now

The market pullback remains normal and healthy, with the biggest concern yet that a slightly larger pullback might be perfect. Investors can add a little to their holdings as new stocks flash buy signals. But you can also wait for the market rally to pick up again.

Retreat shows why it is important to build exposure gradually. If you suddenly consolidate your positions on the 2nd of February, you are likely to experience some uncomfortable losses.

However, a market downturn causes stocks to expand dramatically leading to new potential entries. It is therefore important that you update your watchlists regularly, making sure that you keep tabs on leaders from a variety of groups.

As you increase your exposure, make sure you have driving variety.

Read the big picture every day to stay in sync with the market trend, leading stocks and sectors.


Please follow Ed Carson on Twitter at @tweet For stock market updates and more.

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Rast’s accusations against Alec Baldwin were formally dismissed by Reuters




© Reuters. FILE PHOTO: A view of the movie “Rust” playing at Bonanza Creek Ranch near Santa Fe, New Mexico, US January 20, 2023. REUTERS/Drone Base/File Photo

Written by Andrew Hay

TAOOS, New Mexico (Reuters) – Special prosecutors in New Mexico on Friday dropped charges against actor Alec Baldwin in the 2021 shooting of “Rust” cinematographer Halina Hutchins, referring to what many legal analysts described as a rationale for a prosecution. flawed jurisprudence.

A person close to prosecutors said the move followed new evidence of the gun Baldwin was carrying when he fired the shot that killed Hutchins while shooting the movie in Santa Fe, New Mexico.

This information undermined the prosecution’s case after a series of legal flops, leading them to dismiss the charges before a May hearing when a judge was to decide whether there was enough evidence to prosecute Baldwin and gunsmith “Rust” Hannah Gutierrez Reid.


“The case was dismissed without bias and the investigation is active and ongoing,” prosecutors Carey Morrissey and Jason Lewis said in a memo.

Prosecutors went on to charge Gutierrez Reed, 25, with manslaughter. She has said she held the live round in the gun thinking it was a dummy round. The preliminary hearing in her case has been postponed to August 9.

The dismissal of the same charge against Baldwin came after his attorney presented evidence last week that the copy of the .45 Colt Baldwin has used has been modified with new parts since being manufactured by Italian gunsmith FLL Pietta.

The information compromised the prosecution’s argument that the gun was in fully working condition and could only fire if Baldwin recklessly pulled the trigger, according to the person familiar with the case.

Special prosecutors have said they may re-file charges against Baldwin once new evidence is examined, though legal experts are skeptical.


“This very weak case against Baldwin should never have been brought in the first place,” said Ambrosio Rodriguez, a former district attorney with the District Attorney’s Office in Riverside County, California.

Filming for “Rust” resumed in Montana this week with many of the same lead actors, including Baldwin, and was expected to wrap up in May.

Rust Movie Productions (RMP) said in February that it would not resume filming in New Mexico, without giving a reason. A Santa Fe prosecutor charged Baldwin and others in January.

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Leading news reporter Jill Christian dies at 83




Gail Christian, who broke barriers as a black on-air reporter and came to national prominence at NBC News and PBS, died April 12 in Los Angeles. She was 83 years old.

Her wife, Lucy Debardelapine, said it was a complication from a recent bowel surgery.

Christian overcame a troubled youth—including a prison term for armed robbery—to end a career as a prominent television journalist and news executive in the 1970s and 1980s, an era when the industry was dominated by white men.

It became a visible presence in American living rooms with it coverage to NBC News on the trial of Patricia Hearst, the newspaper heiress who was kidnapped in 1974 by a gang of left-wing revolutionaries called the Symbionese Liberation Army, and who was convicted two years later for participating in a bank robbery with the group.


But for Ms. Christian, it wasn’t enough just to appear as a rare black face on the evening news.

She said in Interview with the Chicago Tribune In 1986. I felt that was the reason I was there. I didn’t resent it in the least. I felt then, as I feel now, that it is very dangerous for a group of people to live in a society in which they are not allowed to explain themselves.”

It has succeeded in this task with features like “A Country Called Watts”, An hour-long 1977 NBC News special that explored the efforts of residents of this Los Angeles neighborhood to come together and re-evaluate the bloody civil unrest that occurred in response to police brutality in 1965, rebuilding burned-out blocks in the face of perceived government indifference and continued police harassment.

Gary Gilson, former faculty director of a summer program for minority students at Columbia University’s Graduate School of Journalism, in a phone interview. “And her pioneering role as a black news reporter allowed black kids to see, many for the first time, an impressive person on television who looked like them. It gave them recognition and hope.”

After two years at NBC News, Ms. Christian became news director for public station KCET in her hometown of Los Angeles, where she created a “60 Minutes”-style investigative series called “28 Tonight” (the station was on channel 28).


The program featured several award-winning segments, including a segment on a banking scandal that harmed low-income communities and another on a chemical spill in Orange County that caused illnesses in the area, each of which won a Peabody Award.

In 1981 she moved to Washington, where she began nearly a decade as the news director for the Public Broadcasting Service.

“Since I’ve been in the business, I’ve always wanted to be one of the officers who goes out in that little room and decides what’s going to be covered and who’s going to cover it,” she said in a 1976 interview with the Los Angeles Times. “But at NBC, I never saw any women walk into that little room. Nor any minorities. I thought this was my chance.”

She added, “As Bobby Seale said,” referring to one of the founders of the Black Panther Party, “take the time.”

Jill Christian Jill Patricia Wells was born on February 20, 1940, in Los Angeles, one of four children of Edwin Wells, who worked on an assembly line for the Hughes Aircraft Company, and Lucille (Scruggs) Wells, who owned a cosmetology college. In the Leimert Park neighborhood of South Central Los Angeles. (She later adopted Christian, a name from her mother’s family, as her professional surname.)


Ms. Christian grew up in Venice, California, and spent three years studying world history at California State University, Los Angeles, before dropping out to join the Air Force in 1962. She was caught in a raging crowd after being discharged, and in 1965, was found guilty of Armed robbery after eroticism in a hotel.

The theft, which resulted in less than $100, led to her admission to the California Institute for Women in Chino for 18 months. Christian said in a 1976 interview with TV Guide. “I really didn’t need to do that. I had a loving family, unlike a lot of the others in prison. I was just kind of pushed out at the time.”

After she had served her time, a paroled colleague who was working as a switchboard operator at The San Francisco Examiner gave her a tip that the paper was planning to hire two black reporters to diversify its staff. Without any experience, Ms. Christian considered the opportunity far-reaching, but talked her way into the role of an apprentice by stretching the truth.

“I gave them this song and they danced around working on this little black paper that the Klan burned,” she told the Tribune.

In 1970, she participated in an 11-week summer program for minority students in broadcast journalism at Columbia. (Geraldo Rivera was a classmate.) Two years later, she was hired by local NBC affiliate KNBC. She worked there for six years before NBC News hired her.


Her tenure at PBS ended in 1989, shortly after the network found itself embroiled in controversy over the airing of a pro-Palestinian documentary, Days of Rage, which Ms. Christian had acquired and was responsible for vetting. A news report confirmed that the film was partially supported by undisclosed Arab funding, which was denied by the film’s producer.

In an interview with The New York Times, Ms. Christian said she quit PBS for other reasons. She said, “You’re burning because this is a no-win situation.” “You are silent when things are going well and angry when there are questions.”

She eventually settled in Palm Springs, California, with Mrs. DeBardelaben, whom she married in 2016. In 2003, the couple started the Palm Springs Women’s Jazz Festival.

In addition to Mrs. DeBardelaben, Mrs. Christian is survived by her grandson. Her daughter, Sunday Barrett, died in 2019.

While Ms. Christian kept quiet about her prison term early in her career, she finally decided to divulge it to a sympathetic NBC executive. “The guy just looked at me,” she recalls. He says: I don’t have enough problems. Do I have to listen to you? Get outta here.’ I didn’t hear another word.”


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Economic mood and other investment stories you may have missed this week




This week has been a tough bullish one. Here’s what investors saw:

  • Oil prices have given up most of the gains from the OPEC+ production cut.

  • The Philadelphia Fed Manufacturing Index hit a new low for this economic cycle and missed expectations. Other indicators from the Conference Board The leading economic indicator I also fell.

  • Initial jobless claims were a surprise to the upside for the fourth consecutive week.

  • Weak earnings and more caution emerged from freight operators JB Hunt and Union Pacific as well as auto retailer AutoNation. Netflix and Taiwan Semiconductor, a major supplier to Apple, also issued guidance warnings.

  • There have been more layoffs in Meta’s Cloroxwith reports of planned job cuts at Disney.

  • Tesla reported a quarterly gross margin loss recently price cuts.

The bottom line is that there is an ongoing negative shift in economic data, most likely as interest rates continue to rise in the economy. This is a red flag.

Oddly enough, however, investors can’t seem to jump into it judging by the resilience of the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average.

“The latest data is further evidence that there will be a recession in the US soon, which fits with our own view at DB Research that it is expected to happen later in the year,” Jim Reed, Deutsche Bank strategist wrote in the client note.


Good words of wisdom now.

Tesla CEO Elon Musk speaks to a visitor as he arrives to look at the Tesla Gigafactory construction on September 3, 2020, near Gruenheide, Germany. (Photo by Maja Hitij/Getty Images)

3 things you might have missed

1. The mood among AmEx cardholders: I met with American Express CEO Stephen Squarey, and he struck an optimistic tone about order trends.

“The economy is definitely divided, and I think at the lower end of the economy, we’re seeing some pressure, but we don’t have that,” Squirey said, adding that he sees strong demand for travel in the spring and summer. The call to travel lines up with what we’ve heard about this earnings season from Delta and United Airlines.

2. Elon Musk is following the storm. An interesting highlight from Tesla’s earnings call was when Elon Musk said he didn’t see the economy improving until 2024. The CEO predicted another year of “stormy economic weather” before “things start to get sunny in the spring of next year.”


Musk joins the likes of JPMorgan CEO Jamie Dimon in using weather to describe the economic outlook.

3. About this credit cost: In an exclusive on Yahoo Finance Live, Loretta Mester, President of the Federal Reserve Bank of Cleveland, tells Jane Schoneberger that there is only one direction for interest rates in the near term: higher.

“I think that, given the complexity of inflation, and given the still-strong job market, I think rates should go above the 5% level,” Mester said.

Loretta J.  Jim Urquhart

Loretta J. Jim Urquhart

C-Suite, quote of the week

“We are not seeing a significant drop in trade [among consumers]John Mueller, CEO of Procter & Gamble (PG) told Yahoo Finance Live. We are witnessing, if anything, more careful use of the product they purchased. So they might use half a sheet of a Bounty paper towel instead of a full sheet. But overall, again, just looking at the numbers, the consumer holds up very well.”

planner of the week

For those investors who are ignoring the dangers of the impending debt ceiling, here’s a helpful reminder from the macroeconomics team at Goldman Sachs on how markets will price in the 2011 debt ceiling debate:

Remember the debt ceiling debacle of 2011?

Remember the debt ceiling debacle of 2011?

Brian Suzy He is the Executive Editor of Yahoo Finance. Follow Suzy on Twitter @tweet and on linkedin. Deal tips, mergers, activist positions, or anything else? Email

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