Dow Jones Futures Drop Before Housing Data; DraftKings Surges on Upgrade

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Dow Jones futures, along with S&P 500 futures and Nasdaq futures, saw a decrease on Tuesday before the release of important housing data. DraftKings, a major sports betting company, experienced a rise in stock value due to an analyst upgrade. The housing data set to be released includes the Case-Shiller Home Price Index, the FHFA House Price Index, and new home sales. Additionally, consumer confidence data is also expected to be released. Key earnings reports for the day include Cintas and Thor Industries. In other stock market news, Airbnb, DraftKings, and Meta Platforms are among the stocks to watch during the ongoing stock market correction.

Dow Jones futures fell 0.4% before the market opened, while the Nasdaq 100 futures dropped by 0.5%. The 10-year U.S. Treasury yield saw a small decline, and oil prices fell by 1%. Despite ending a four-day losing streak, the stock market is still dealing with ongoing weakness and attempting to rebound from recent correction lows. Leading companies such as Amgen and Caterpillar are seeing some gains, while stocks like Airbnb, DraftKings, Meta Platforms, and Uber continue to consolidate. Tesla stock rose slightly but remains significantly below its 50-day line, and Dow Jones leaders Apple and Microsoft are still struggling to regain their losses.

In today’s stock market, some top stocks to buy and watch include Uber Technologies, Caterpillar, Airbnb, and DraftKings. These stocks are currently presenting opportunities for investors. Tesla, despite some slight gains, is still far from its buy point. Apple and Microsoft are also trying to recover from recent losses and are worth monitoring. As the market continues to fluctuate, it is crucial for investors to stay informed and follow the movements of these key stocks in order to make well-informed decisions.

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