Dow Jones Futures: AMD, Astera, Oklo, Rocket Lab, Tesla Sell Off; Fed Meeting Next

Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, traded sharply mixed ahead of Tuesday’s open, after the Nasdaq and S&P 500 both extended winning streaks to four sessions.

Meanwhile, Advanced Micro Devices (AMD), Astera Laboratories (ALAB), Oklo (OKLO), Rocket Lab (RKLB) and Tesla (TSLA) were big losers during Monday’s session.

				    ↑
					X

This video file cannot be played.(Error Code: 102630)

								S&P 500 Hits High, Nasdaq Leads Before Huge Earnings; BWX Tech, Vertiv, Ciena In Focus
							

							

								See All Videos
							

						

					
					
						NOW PLAYING
						S&P 500 Hits High, Nasdaq Leads Before Huge Earnings; BWX Tech, Vertiv, Ciena In Focus

**Find The Next Palantir, Nvidia Or Hot IPO. Here’s How.

**

AMD stock sold off 3.2% Monday, snapping a nine-day winning streak. Shares remain near a cup-base entry at 267.08. Astera stock tumbled nearly 4%, still holding above the 50-day moving average support level.

Oklo stock dived 6.1%, falling further below its 50-day and nearing its 200-day line. A big winner in 2025, the nuclear power play is nearly 60% off its 52-week high. Rocket Lab stock plunged 9.5%, still 23% above a cup-with-handle entry at 65.18.

Finally, Tesla shares skidded 3.1% Monday, falling back below its 50-day line. Shares are trying form a new base, while an early buy trigger is in play at 452.43, Friday’s high price.

Tesla earnings, due Wednesday after the close, are expected to drop 38% vs. a year earlier to 45 cents a share, a fifth straight quarter of declining profits. Wall Street expects revenue to fall 4% to $24.77 billion.

Funds Plow Money Into AppLovin, Broadcom, Google — And This Top 100 Stock

Stock Market Today: Big Earnings Reports, Fed Meeting On Deck

More big earnings reports this week include Boeing (BA), Apple (AAPL), Microsoft (MSFT) and GE Vernova (GEV), along with Sandisk (SNDK) and Western Digital (WDC).

Elsewhere, Wall Street anticipates virtually zero chance of a rate cut at Wednesday’s Federal Reserve meeting and long odds of a cut in either March or April. That lowers the stakes for this week’s Fed meeting. The real suspense is whether Fed Chairman Jerome Powell will announce plans to remain a Fed governor after his chairmanship ends in May.

**Here’s How To Analyze Stocks Like Nvidia In Bull And Bear Markets

**

Dow Jones Futures Today: Oil Prices, Treasury Yields

On Monday, the Dow Jones Industrial Average gained 0.6%, or 313 points, while the S&P 500 moved up 0.5% and the Nasdaq composite gained 0.4%.

Ahead of Tuesday’s opening bell, Dow Jones futures dropped 0.2%, as S&P 500 futures rose 0.2%. Nasdaq 100 futures moved up 0.5%. Remember that overnight action in Dow Jones futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

The 10-year U.S. Treasury yield ticked lower to 4.21%. And oil prices dipped, as West Texas intermediate futures settled around $60.80 a barrel.

Nvidia Extends Its Dominance As Google Leaves Amazon In The Dust

What To Do Now As Market Rally Continues

Following the ongoing positive action on the major stock indexes, now is an important time to read IBD’s The Big Picture column. And on Monday’s “IBD Live” show, the team discussed the current trading conditions and stock market action.

An essential resource for daily breakouts is IBD MarketSurge’s “Breaking Out Today” list. It shows MarketSurge Growth 250 stocks that are breaking out past buy points. There were two new breakouts Monday. Notably, Legence (LGN) broke out past a 50.20 cup-base entry.

Meanwhile, the MarketSurge “Near Pivot” list shows more stocks nearing buy points in bases. For example, Nextpower (NXT) is approaching a 112.74 cup-base buy point.

To find more stock ideas, check IBD Stock Lists like the IBD 50, Big Cap 20 and Stocks Near A Buy Zone. These features identify bullish patterns and buy points and are available to check every day.

Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

YOU MAY ALSO LIKE:

Top Growth Stocks To Buy And Watch

Learn How To Time The Market With IBD’s ETF Market Strategy

Find The Best Long-Term Investments With IBD Long-Term Leaders

Check Out IBD’s New Exposure Levels To Help You Stay In Step With The Market Trend

Spot Buy Points And Sell Signals With MarketSurge Pattern Recognition