Stocks Edge Higher as Tesla Plans Model Y Upgrades, Key Tech Names Hold Support
-
Dow Jones futures edged higher overnight along with S&P 500 and Nasdaq futures. The stock market rally saw modest gains Tuesday.
-
Tesla reportedly plans to revamp the Model Y by mid-2024, starting production in Shanghai. This could boost Tesla sales.
-
Netflix, Microsoft, MongoDB, and Datadog stocks are holding key support levels and remain in or near buy zones.
-
While a Santa Claus rally continues, the market looks overbought and due for a potential pause or pullback. Caution is warranted for new buys.
-
Investors could take some profits but should remain significantly invested as leading stocks work on new base patterns. Updating watchlists is key.