Do You Always "Sell in May and Go Away?"

Dow futures are eyeing a modest dip into the red

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Schaeffer's Opening View
4/28/2021
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Stock Futures Lower Amid Tech Earnings Deluge


By: Fernanda Horner

Stock futures are indicating a lower open this morning, as Wall Street monitors the conclusion of the Federal Reserve's two-day policy meeting, sifts through a batch of Big Tech earnings, and awaits updates on U.S. President Joe Biden's $1.8 trillion plan geared towards families and children.

Futures on the Dow Jones Industrial Average (DJI) and Nasdaq-100 Index (NDX) are staring at modest losses, while S&P 500 Index (SPX) futures are slightly below breakeven. Big tech earnings are in the spotlight, as investors pore over Alphabet (GOOGL) and Microsoft's (MSFT) corporate reports, with both Apple (AAPL) and Facebook (FB) reporting after the close.

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

  • Schaeffer's Senior Quantitative Analyst Rocky White breaks down this summer adage.
  • Chart support captured LMT's latest pullback.
  • Plus, GOOGL's big day; international sales weigh on Starbucks; and more on Microsoft's earnings.
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