. Dow Jones Futures Tick Lower, Rose By 1% Today - 21 November 2022

Dow Jones Futures Tick Lower, Rose By 1% Today – 21 November 2022

Dow Jones Futures Tick Lower, Rose By 1% Today – 21 November 2022

21 Nov 2022

The Dow Jones Industrial Average rose by 0.59% to 33,745.08 on Monday 21 November.

This earnings season has been good for the only banking sector.

By 19:00 ET DOW JONES FUTURES were up by 0.59%, S&P 500 Futures rose 0.5% and Nasdaq 100 Futures rose 0.3%. Nasdaq: CALM (Cal- Maine Foods Inc) is down by 0.6%, despite reporting Q2 EPS of $2.57, while revenue was reported by $658.30 million and expected $605.10 million

Apple (AAPL) retreated a day after launching the new iPhone 14 and other products, Tesla (TSLA) is the only way that moves toward the 200-day MA right now

Today’s weakness in the European market occurs because the people’s bank of China cut the repo rate and increased cash injections into the economy, a major driver of economic growth which has been hit hard by Covid-19 lockdowns

After the market close, DocuSign (cybersecurity firm Zscaler software specialist) reported better-than-expected quarterly results, ZS stocks popped overnight.

LONG-TERM TECHNICAL ANALYSIS

This daily chart indicates that Dow jones was trading in a down channel, currently, it is trading above all SMA. RSI is in the buying zone which indicates bullishness, and MACD is above zero which indicates bullishness.