Dow Jones Futures Rise After More Leaders Break Support In Stock Market Correction [Investor's Business Daily]
Apple Inc. (AAPL)
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Source: Investors Business Daily
Related news Dow Jones futures rose Monday morning, along with S&P 500 futures and Nasdaq futures, getting a lift from a China stock rebound. It's still a stock market correction. The major averages closed last week little changed — the Dow Jones rose, the S&P 500 index was virtually flat and the Nasdaq composite edged lower — after promising gains early in the week. Worse, more growth stocks fell below key support areas. Apple ( AAPL ), Boeing ( BA ), Advanced Micro Devices ( AMD ), Activision Blizzard ( ATVI ), Match Group ( MTCH ), Ross Stores ( ROST ) and TJX Cos. ( TJX ) all fell below their 50-day lines by Friday's close. The 50-day moving average is a key technical level. Top stocks often find support here, as mutual funds and other big investors step in to buy shares. While it's OK for a leading stock to dip below the 50-day line for a short span, you want to see it rebound soon. But in a stock market correction, most tickers will struggle, with growth names often falling furt
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AAPL
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Sec Filings
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- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- AAPL's page on the SEC website