Dow Jones Futures: Market Rebounds Powerfully On Russia Invasion Sanctions; These Stocks Soar

Dow Jones futures fell overnight, along with S&P 500 futures and Nasdaq futures.

The stock market rebounded powerfully Thursday from steep losses, led by techs such as Palo Alto stock.

The U.S. and Europe announced tougher sanctions vs. Russia for its sweeping Ukraine invasion, but the penalties were not as severe as feared.

The Nasdaq and S&P 500 raced up from strong gains, with the Dow Jones recovering to close slightly higher. 

This marks the start of a stock market rally attempt. But it's not a green light for investors.

Palo Alto Networks (PANW) and other cybersecurity stocks raced higher, including Fortinet (FTNT) Datadog (DDOG) and ZS stock.

Zscaler (ZS) plunged overnight after reporting earnings.

Microsoft (MSFT) rebounded 5.1% after undercutting the low of its base.

Apple (AAPL) and Expedia (EXPE) both rallied off key support, with Apple closing up 1.5% and Expedia stock paring its loss to 2.5%.

Microsoft remains below its 200-day line while Apple stock is below its 50-day, so they aren't actionable. But EXPE stock is in a buy zone.

Banks were among the biggest losers, with JPMorgan Chase (JPM) and Bank of America (BAC) among the decliners.

Sanctions vs. Russian banks will have a ripple effect on financials around the world.

While JPM stock and other financials rallied off intraday lows, the charts have seriously weakened in recent weeks.

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