Dow Jones Futures: Market Rally Retreats Amid ‘Epic’ Apple Sell-Off; Will Tesla Self-Driving Release ‘Blow Your Mind’?
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated last week, with losses picking up steam Friday, led by Apple, Google and Tesla stock. Major indexes retreated to or below key levels while some promising new buy signals fizzled.
Apple stock sold off Friday after a federal judge ruled that Apple (AAPL) must allow external payments for app developers such as Epic Games, creator of popular online game Fortnite. The Apple-Epic ruling also hit Google parent Alphabet (GOOGL), with Google Play revenue also in doubt. Roblox (RBLX), Unity Software (U) and Electronic Arts (EA) are among the potential winners.
Apple and Google stock fell back to key support levels, while EA stock neared a buy point. Roblox stock triggered an aggressive buy signal and is close to another resistance area.