Dow Jones futures tilted higher late Tuesday, along with S&P 500 futures and Nasdaq futures. The stock market rally took a breather Tuesday, edging lower after strong gains over the past few sessions.
Royal Caribbean (RCL), Carnival (CCL) and Norwegian Cruise Line (NCLH) rallied late on a Bloomberg report that the Centers for Disease Control and Prevention recommended that cruises could resume this summer with certain restrictions. That followed reports indicating that cruise line operators wouldn’t have to require vaccinations for travelers.
Carnival, NCLH and RCL stock rose 2% overnight, adding to gains Tuesday and over the past several sessions. All three stocks are approaching possible buy points.
Breakouts Hold, New Buy Signals
Tesla (TSLA) is hitting resistance after a recent run. But Tesla stock and other highly valued growth names are showing signs of life.
Microsoft and Google stock are on IBD Leaderboard. GOOGL stock is on SwingTrader. Microsoft stock is on IBD Long-Term Leaders. Yeti stock is on the IBD 50 list. Google and Micron stock are on the Big Cap 20.
Dow Jones Futures Today
Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures advanced 0.1%. Nasdaq 100 futures climbed 0.2%.
Coronavirus cases worldwide reached 132.97 million. Covid-19 deaths topped 2.88 million.
Coronavirus cases in the U.S. have hit 31.55 million, with deaths above 570,000.
California plans to lift most coronavirus restrictions by June 15, but keep its mask mandate.
Stock Market Rally
The stock market rally had a slightly down session that didn’t alter the bullish trend.
The Dow Jones Industrial Average dipped 0.3% in Tuesday’s stock market trading. The S&P 500 index lost 0.1%. The Nasdaq composite edged down less than 0.1%.
The 10-year Treasury yield fell 6 basis points to 1.66%.
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Tech Titans Hold Up
Microsoft stock dipped 0.5% to 247.86. On Monday, MSFT stock rose 2.8% to 249.07, clearing a 246.23 flat-base buy point, according to MarketSmith analysis.
Google stock slipped 0.4% to 2,209.26. GOOGL stock on Monday popped 4.2% to 2218.96, also clearing a flat base, with a 2145.24 entry. Both Microsoft and Google stock flashed early entries last week.
Facebook stock retreated 0.9% to 306.26. FB stock on Monday climbed 3.4% to 308.91, above a 299.81 handle buy point from a six-month consolidation.
Tesla stock inched up 0.1% to 691.92. On Monday, TSLA stock rose 4.4% to 691.05 following record delivery figures. But that was near session lows after reaching 708.16 intraday, hitting resistance…