Dow Jones Futures Fall As Yields Rise, Pound Dives To Record Low; Bear Market Eyes New Leg Down
Dow Jones futures fell slightly Sunday night, along with S&P 500 futures and Nasdaq futures, as Treasury yields rose and the British pound plunged to a record low.
The stock market suffered heavy losses yet again in the past week as a hawkish Federal Reserve sent Treasury yields soaring yet again. The Dow Jones undercut June lows on Friday with the other major indexes getting close. The final growth leaders started breaking down.
With the market correction intensifying, it's a time for investors to be on the sidelines, but looking for potential leaders. Some medical stocks are showing relative strength, including Eli Lilly (LLY). Chinese e-commerce giant Pinduoduo (PDD) is pulling back somewhat calmly. Apple (AAPL), Tesla (TSLA), Enphase Energy (ENPH) and Albemarle (ALB) are coming under increasing pressure, but are still worth watching for the future.
Tesla stock, Enphase Energy and Albemarle are on the IBD 50. Enphase and ALB stock are on the IBD Big Cap 20. Eli Lilly was Friday's IBD Stock Of The Day.
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-bear-market-eyes-new-leg-down-apple-eli-lilly-show-relative-strength/
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