Dow Jones Masks Strong Market Breadth; This Cathie Wood Stock Soars As Another Plunges

Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally had a slightly positive session on big-cap indexes Tuesday. But small-cap and midcap stocks had a big day.


Two big Cathie Wood holdings, Shopify (SHOP) and Coinbase Global (COIN), went in opposite directions Tuesday.

SHOP stock rose solidly, extending Monday’s advance and flashing an early entry.  TransMedics Group (TMDX), Taiwan Semiconductor Manufacturing (TSM), Life Time Group (LTH) and Marriott International (MAR) made bullish moves.

Meanwhile, the SEC charged Coinbase with being an unlicensed broker and violating other securities rules. COIN stock tumbled 12%, though it did come off intraday lows. Coinbase stock fell just over 9% on Monday, below its 50-day and 200-day lines, after the SEC sued Binance, the world’s largest cryptocurrency exchange.

SHOP stock was added to IBD Leaderboard and SwingTrader on Tuesday. TMDX stock is on the IBD 50. Shopify also was Tuesday’s IBD Stock Of The Day.

Dow Jones Futures Today

Dow Jones futures edged higher vs. fair value. S&P 500 futures climbed 0.1% and Nasdaq 100 futures rose a fraction.

The 10-year Treasury yield fell 4 basis points to 3.66%.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

Stock Market Rally

The stock market rally showed strong market breadth even as the major indexes traded in a tight range.

The Dow Jones Industrial Average eked out a fractional gain in Tuesday’s stock market trading. The S&P 500 index rose 0.2%. The Nasdaq composite climbed 0.4%. The small-cap Russell 2000 jumped 2.7%.

U.S. crude oil prices fell 0.6% to $71.74 a barrel. The 10-year Treasury yield edged up 1 basis point to 3.7%.


Among growth ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.5% to a 2023 high. The iShares Expanded Tech-Software Sector ETF (IGV) edged up 0.2%. The VanEck Vectors Semiconductor ETF…


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