Artemis Investment Limited – Dow Futures: Stock Market Rally Hold Key Levels, Salesforce Rises

HONG KONG - May 31, 2022 - PRLog -- The stock market rally closed Tuesday mixed after initially retreating, with the Nasdaq holding a key level after last week's big advance.

The market is in a confirmed uptrend, and investors have a green light to add some exposure.

Key Earnings

Salesforce and HP Inc. (HPQ) reported after the close.

Salesforce earnings fell but beat views. Guidance was middling-to-light. But CRM stock jumped 9% overnight. Shares recently hit a two-year low, but the business software giant is still an industry bellwether.

HP earnings also topped views while the printer-and-PC giant raised the low end of its full-year EPS target, though the overall outlook was roughly in line. HP stock edged higher in extended trade. Shares edged up 0.2% in Tuesday's regular session to 38.84, the fourth straight gain as they rebounded from the 200-day line and reclaimed the 50-day line. HP stock has a 41.57 consolidation buy point, but 39.81 could serve as an early entry.

Dow Jones Futures Today

Dow Jones futures rose 0.7% vs. fair value. CRM stock is a Dow Jones component. S&P 500 futures advanced 0.5% and Nasdaq 100 futures climbed 0.5%.

The 10-year Treasury yield rose 3 basis points to 2.87%.

U.S. crude oil futures rose slightly.

About Artemis Investment Limited:

Originally established to assist expatriates access financial services in SE Asia, Artemis Investment Limited is a leading independent, boutique financial advisory firm which now caters to a global client base.

Based in Hong Kong for the last 60 years, we have adapted our services to account for the financial world in the 21st Century. We are a borderless company whose staff come from a variety of backgrounds but are united by one attribute, customer focus and objectives above all else.

We understand that many clients know where they want to be, but may not have the knowledge on how to get there. This is where our specialist expertise within the financial services sector is essential in providing the correct timing, opportunity and ultimately, the correct result to establish a lengthy and equitable relationship. This is something that our 20,000 + clients have learnt first-hand.

To find out more, or to sign up to the Artemis newsletter, visit https://www.artemis-hk.com