Do Small-Caps Have Chart Support in Place?

Profit-taking could be gripping Wall Street today

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Schaeffer's Opening View
3/02/2021
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Stock Futures Slip From Yesterday's Wild Rally


By: Lillian Currens

Stock futures are taking a breather from yesterday's wild rally that saw the major benchmarks notch their best days in months. Futures on the Dow Jones Industrial Average (DJI) are down roughly 41 points this morning, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also logging modest dips in a bout of profit taking. Meanwhile, investors are unpacking corporate reports from the likes of Target (TGT) and Zoom Communications (ZM), as well as upcoming comments from several Federal Reserve speakers to give economic clues later today. 

Continue reading for more on today's market, including:

  • Schaeffer's Senior V.P. of Research Todd Salamone puts the VIX pop into context.
  • The beer stock cracking higher after a bull note. 
  • Plus, more on Zoom's big day; Kohl's scores topline beat; and BYND upgraded. 
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