Dow Jones Futures: First Bitcoin ETF To Debut; Tesla Nears Record High

Dow Jones Futures: First Bitcoin ETF To Debut; Tesla Nears Record High

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed Monday, with the first Bitcoin ETF set to debut Tuesday. Tesla stock is approaching all-time highs, while tech titans Alphabet, AMD and Nvidia are in new buy areas.

On Monday, the Dow Jones Industrial Average moved down 0.1%. The S&P 500 rose 0.3%, while the Nasdaq led the way, rising 0.8% to end at session highs.

Among the Dow Jones leaders , Apple ( AAPL ) rallied 1.2% Monday, while Microsoft ( MSFT ) moved up 1% in today’s stock market . American Express ( AXP ), Goldman Sachs ( GS ) and JPMorgan Chase ( JPM ) eyed new buy points in the current rally.

Dow Jones stocks Johnson & Johnson ( JNJ ), Procter & Gamble ( PG ) and Travelers Companies ( TRV ) will report earnings Tuesday morning.

Tesla ( TSLA ) gained 3.2% Monday, extending a win streak to six sessions. The EV giant is approaching record highs.

Among the top stocks to buy and watch, Advanced Micro Devices ( AMD ), Alphabet ( GOOGL ), CrowdStrike ( CRWD ) and Nvidia ( NVDA ) are in or near new buy zones.

Advanced Micro Devices, Microsoft and Tesla are IBD Leaderboard stocks. AMD featured in this week’s Stocks Near A Buy Zone story. CrowdStrike was featured in last week’s IPO Leaders column . Nvidia is an IBD SwingTrader stock. Dow Jones Futures Today: Bitcoin ETF To Debut

After the stock market close Monday, Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed vs. fair value. Remember that trading in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session. Index Symbol Price Gain/Loss % Change Dow Jones ( 0DJIA ) 35259.01 -35.75 -0.10 S&P 500 ( 0S&P5 ) 4486.39 +15.02 +0.34 Nasdaq ( 0NDQC ) 15021.81 +124.47 +0.84 Bitcoin traded around $61,300 late Monday, rising 2.5% over the last 24 hours, according to CoinDesk . On Tuesday, the ProShares Bitcoin Strategy ETF ( BITO ) — which is linked to Bitcoin futures — will begin trading on the NYSE under the ticker ‘BITO’, according to the company.

“BITO will open up exposure to Bitcoin to a large segment of investors who have a brokerage account and are comfortable buying stocks and ETFs, but do not desire to go through the hassle and learning curve of establishing another account with a cryptocurrency provider …,” ProShares CEO Michael Sapir said in a statement.

The Securities and Exchange Commission hasn’t formally approved the ProShares Bitcoin Strategy ETF. The SEC may never officially do so. But BITO can begin trading if the SEC doesn’t object.

Among exchange traded funds , Innovator IBD 50 ( FFTY ) moved up 2.1% Monday. Nasdaq 100 tracker Invesco QQQ Trust ( QQQ ) gained 1%. And the SPDR S&P 500 ETF ( SPY ) ascended 0.3%. Stock Market Rally

The stock market rally added to Friday’s gains with mostly positive action Monday, though the Dow 30 did close slightly lower. All three major stock indexes — the Nasdaq, the Dow Jones Industrial Average and S&P 500 — are above their key 50-day benchmarks.

This is an important time to read The Big Picture .

On Friday, The Big Picture advised, “After Thursday’s follow-through, investors should add stocks in measured steps, at least while the market builds on the initial push. Remember, the growth-heavy Nasdaq 100 is still below the 50-day line. Now the question is, where to start investing? The market leadership has been shifting all year. It currently favors commodities, trucking, energy, financials and a few other sectors.” Dow Jones Stocks To Buy And Watch: Amex, Goldman, JPMorgan

American Express is just 1% away from a 178.90 buy point in a cup with handle , according to IBD MarketSmith chart analysis. Shares rallied 0.6% Monday. Stocks To Buy And Watch: AMD, Alphabet, CrowdStrike, Nvidia

IBD Leaderboard stock Advanced Micro Devices is breaking out past a 114.59 buy point out of a double-bottom base and is in buy range. AMD stock jumped nearly 4% Monday.

According to IBD Stock Checkup , AMD boasts a perfect 99 IBD Composite Rating . The IBD Composite Rating identifies stocks with a blend of strong fundamental and technical characteristics.

FANG stock leader Alphabet extended a win streak to four sessions Monday, rallying 1%. The stock is back above its 50-day line and above a short trend line . Meanwhile, shares are approaching a 2,925.17 buy point in […]

source Dow Jones Futures: First Bitcoin ETF To Debut; Tesla Nears Record High

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