July 27, 2021

Dow Jones Futures: Apple Tests Buy Point In Market Rally As Tesla, Nio Loom; Micron Earnings Jump

Dow Jones futures rose slightly late Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally was mixed with the Dow leading and Nasdaq edging lower while Apple (AAPL) flirted with a buy point.


Micron Technology (MU) earnings topped views after the close, though MU stock fell slightly overnight. The Micron earnings report has implications for memory-exposed chip-gear makers such as Applied Materials (AMAT) and Lam Research (LRCX). AMAT stock closed just above a buy point.

Meanwhile, investors will be turning their eyes toward electric-vehicle makers Tesla (TSLA), Nio (NIO), Xpeng (XPEV) and Li Auto (LI). Tesla is expected to release second-quarter production and delivery figures by the end of the week. Nio should release June sales figures this week as well, with recent history suggesting early Thursday. Xpeng and Li Auto are likely to release June…

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