Does Big Tech Still Have Bullish Potential?

Dow futures are staring at a 71-point drop

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Schaeffer's Opening View
4/06/2021
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Stock Futures Cool Off Despite Easing Inflation Fears


By: Fernanda Horner

Wall Street looks poised to cool off from yesterday's record closes today. At last check, futures on the Dow Jones Industrial Average (DJI) are staring at a 71-point drop, while futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are cautiously lower.

Nevertheless, the 10-year Treasury yield -- last seen at 1.7% -- continues to fall and ease inflation fears. Investors are also keeping a close eye on U.S. President Joe Biden's $2 trillion infrastructure plan, which faces opposition over the size and payment method. However, Biden dismissed concerns that higher corporate taxes would have a negative impact on the economy.

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

  • Schaeffer's Senior Market Strategist Matthew Timpane explains why a beaten-down tech sector has bullish potential.
  • This plant-based meat stock could soon climb up the charts.
  • Plus, Credit Suisse set to lose $4.7 billion; asset management firm bags "top pick" rating; and Southwest brings back pilots.
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