Dow Jones Futures: Snap Crashes, Intel Tumbles On Earnings; Donald Trump Makes

Dow Jones futures tilted higher Thursday night while S&P 500 futures and Nasdaq futures retreated modestly as Snap stock crashed and Intel (INTC) tumbled on earnings. That Snap Snap (SNAP) news also hit Facebook (FB), Google parent Alphabet (GOOGL) and Twitter (TWTR), Pinterest (PINS) and Trade Desk (TTD), while the Intel news boosted AMD stock.

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The stock market rally was mixed Thursday, but the S&P 500 hit a record high while growth stocks led despite rising Treasury yields. Tesla (TSLA) neared a buy point Thursday and several stocks flashed buy signals. But the day’s big mover was the SPAC merger partner for Donald Trump’s new social media venture.

Dow Jones Futures Today

Dow Jones futures rose 0.1% vs. fair value. S&P 500 futures fell less than 0.1%. Nasdaq 100 futures sank 0.4%. Intel stock is a Dow Jones, S&P 500 and Nasdaq member. Facebook and Google stock are S&P 500 and Nasdaq titans.

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

Tesla stock, Google and AMD are on IBD Leaderboard. AMD stock also is on SwingTrader. Google stock is on IBD Long-Term Leaders. Snap stock, AMD and Google are on the IBD 50.

The video embedded in this article reviewed the overall market action and analyzed Match Group (MTCH), Boot Barn (BOOT) and Netflix (NFLX).

Snap Stock Cracks, Facebook Slumps

Snap earnings came in far above third-quarter estimates. But revenue just missed. The Snapchat parent also guided low for Q4 revenue. Recent Apple (AAPL) privacy changes are taking a toll on Snap’s advertising business.

Snap stock plummeted 21%, signaling a plunge below the 50-day and 200-day lines and a possible five-month low. Snap stock had been trying to set up again after several head fakes in the past several months.

Meanwhile, Snap’s advertising woes are a bad sign for social media rivals and beyond.

FB stock, which has been trying to bounce back from its own woes, slumped 4% in overnight trading. Facebook has warned of headwinds from Apple privacy changes.

TWTR stock gave up 5%. Google stock sank 2%, back below its 50-day line. PINS stock slid nearly 4%. Pinterest shot up 13% Wednesday on reports that PayPal (PYPL) is in talks to buy the digital scrapbooking site.

The Trade Desk stock lost almost 6%. Facebook, Google and Twitter report next week, with Trade Desk earnings likely in early November.

Intel Earnings

Intel earnings topped views. But adjusted revenue fell short by some measures, led by data-center chips. Q4 earnings guidance was light, as operating expenses rise. The chip giant’s CFO is stepping down as well. Intel stock, which has been a laggard for quite some time, sank 9%.

AMD stock rose modestly on Intel’s woes, a common theme in recent years. Advanced Micro Devices (AMD), which reports earnings next week, climbed 2.5% to a record close on Thursday.

Tesla Stock

Tesla stock rose 3.3% in Thursday’s session to 894 following strong earnings. TSLA stock rose as high as 900, within a fraction of clearing a nine-month cup base and 900.40 buy point, according to MarketSmith analysis. Shares are on track to rise for a ninth straight…