Early Wednesday, Dow Jones futures, S&P 500 futures, and Nasdaq futures all dipped significantly. Even as Treasury rates continued to increase, the stock market surge had a robust day Tuesday, with technology stocks leading the way.
Tesla Berlin deliveries began, pushing the stock significantly higher and continuing a six-session winning streak. On Tuesday, Nvidia (NVDA) CEO Jensen Huang delivered the keynote speech at the annual GTC conference, which also served as the chipmaker's analyst day. Nvidia's stock dropped, but only after it had risen in anticipation of the announcement.
Adobe (ADBE) released earnings after Tuesday's close. Adobe earnings topped fiscal Q1 views but Q2 guidance was light. ADBE stock fell modestly after rising 2.8% in Tuesday's session.
Apple (AAPL) rose yet again, reclaiming its 50-day moving average. Apple stock is right at a trendline buy point. Google parent Alphabet (GOOGL) and Microsoft stock flashed buy signals.
Tesla (TSLA), Microsoft (MSFT) and Nvidia stock are on IBD Leaderboard. Google stock and Microsoft are on IBD Long-Term Leaders. Tesla stock is on the IBD 50.
The video embedded in this article discussed Tuesday's market action as well as analyzed Jackson Financial (JXN), Tesla and Apple stock.