Dow Jones Futures Fall With Market At Key Level; Tesla Faces California Sales Suspension
BY ED CARSON, INVESTOR'S BUSINESS DAILY
Updated 09:06 PM ET
Dow Jones futures edged lower overnight, along with S&P 500 futures and Nasdaq futures. Crude oil futures rose as President Donald Trump ordered a blockade of sanctioned oil tankers in Venezuela. California could suspend Tesla sales in the state for 30 days, but not right away.
The stock market was mixed Tuesday. The S&P 500 dipped but held key support while the Nasdaq turned higher but was unable to close above a key level. The November jobs report didn't seem to have much impact.
Tesla (TSLA) ran to a record high Tuesday, showing relative strength. Shares were little changed overnight amid on the possible California suspension.
Meanwhile, GE Vernova (GEV) edged higher Tuesday withing a buy area. Twilio (TWLO) and United Airlines (UAL) broke out while Palantir Technologies (PLTR) and Universal Health Services (UHS) are just below buy points.
Palantir stock is on the IBD 50 and SwingTrader.
The video embedded in the article reviews Tuesday's market action and analyzes Twilio stock, Universal Health and Palantir.
Dow Jones Futures Today
Dow Jones futures lost 0.1% vs. fair value. S&P 500 futures declined 0.1%. Nasdaq 100 futures fell 0.2%.
Crude oil futures rose 1% amid Trump's Venezuela blockade. Trump plans an address to the nation Wednesday night that could involve further U.S. action vs. the Latin American country.
Meanwhile, defense giants fell slightly as President Trump could sign an executive order as soon as this week to push defense contractors to spend less on stock buybacks and dividends
Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.
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