Source: www.investors.com --- Monday, September 25, 2017
Futures for the S&P 500 index, Nasdaq 100 and Dow industrials rose slightly Monday evening vs. fair value following losses for the major averages. The Nasdaq composite led Monday's selling, testing its 50-day moving average as Facebook ( FB ) plunged through that key support, Tesla ( TSLA ) triggered multiple sell signals and Apple ( AAPL ) kept falling. X Autoplay: On | Off Meanwhile, a large number of mostly tech breakouts joined Apple and Tesla underwater, including Alibaba ( BABA ), Square ( SQ ) and Nvidia ( NVDA ). The Nasdaq composite slid 0.9%, while the big-cap Nasdaq skidded 1.1%, below its 50-day. But the S&P 500 index and Dow industrials lost just 0.2%. Tech stocks, especially longtime big-cap leaders like Facebook, are having a rough go right now. But there are several sectors and specific industry groups that are faring well, with Dow components Boeing ( BA ), Chevron ( CVX ) and Home Depot ( HD ) in or near buy zones. IBD'S TAKE: Don't rely on market pundits telling you where they think the market is heading next year. Listen to what the market is saying right by following the major market averages and leading stocks. Read IBD's Stock Market Today columns throughout the market day, and the end-of-day The Big Picture (open access through Oct. 8) for timely analysis. Top Techs Tumble Facebook had been trading tightly in a flat base just below a buy point. But shares fell 4.5% to 162.87 on Monday in heavy volume, tum ...
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