Dow Jones Futures Fall, Bitcoin Dives To Lowest Since 2024; Google, AMD, Amazon, Palantir Due

2026-02-22 03:00:25

Dow Jones futures fell early Monday, along with S&P 500 futures and especially Nasdaq futures. A federal government shutdown began Saturday, but it’s expected to end quickly.

Disney (DIS) reversed modestly lower before the open after the Dow giant beat quarterly earnings estimates. Oracle (ORCL) reversed solidly higher on plans to raise up to $50 billion to finance AI spending plans.

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						Stocks Fall To Key Levels, Silver Dives; Meta, Viking, Guardant Health In Focus

The stock market was mixed last week, with the major indexes near highs but also testing or undercutting key levels amid a slew of big earnings movers and President Donald Trump’s Friday nomination of former Federal Reserve Gov. Kevin Warsh to be the Fed’s next chairman.

Many leading stocks flashed buy signals or are setting up, but gold and silver plays crashed late in the week amid a risk-off shift.

Palantir Technologies (PLTR) reports late Monday with Google-parent Alphabet (GOOGL), Amazon.com (AMZN), Eli Lilly (LLY), and Advanced Micro Devices (AMD) due this week. Google is in a buy zone while Amazon stock and AMD aren’t far from buy points. Eli Lilly is working on a new base while Palantir stock has broken down.

The ISM manufacturing index is due at 10 a.m. ET, with the January jobs report scheduled for Friday.

Google stock is on Leaderboard. The video embedded in the article reviews Friday’s market action and analyzes Google, Viking Holdings (VIK), Guardant Health (GH) and a slew of charts.

Futures Fall; Disney, Palantir, Oracle, Tesla Are Early Movers

Dow Jones Futures Today

Dow Jones futures declined 0.1% vs. fair value, with Disney stock providing a lift. S&P 500 futures lost 0.4% and Nasdaq 100 futures retreated 0.7%. Futures are off overnight lows.

Bitcoin plunged below $75,000 Sunday night, hitting its lowest levels since November 2024 and signaling further risk-off sentiment. The cryptocurrency is currently around $78,000. Bitcoin tumbled 6.2% last week to $83,817.34 as of Friday 4 p.m. ET. It set a record-high $126,272.76 on Oct. 6, 2025.

Crude oil futures dived more than 5% after President Trump said over the weekend that U.S.-Iran talks are underway. Oil prices surged last week on Trump’s threats vs. Iran.

Silver futures rose slightly in volatile action after Friday’s crash. Gold futures fell modestly.

The U.S. government entered a partial shutdown as of midnight Saturday. The Senate passed a funding deal late Friday, but the House won’t return to work until Monday.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze leading stocks and the market on IBD Live

Stock Market Rally

The stock market rally had a mixed week, fading from midweek peaks as the S&P 500 set a fresh high. The S&P 500 held its 21-day moving average, but the Dow Jones, Nasdaq and Russell 2000 finished below that key level. The Nasdaq tested its 50-day line on Thursday and Friday.

The Dow Jones Industrial Average fell 0.4% in last week’s stock market trading. The S&P 500 index climbed 0.3%. The Nasdaq composite dipped 0.2%. The small-cap Russell 2000 slumped 2.1%.

Many leading stocks are acting well, but some high-beta plays came off hard late in the week, often around earnings.

Trump’s Fed pick lifted the dollar modestly. That providing a trigger for a gold and silver sell-off Friday, which picked up steam after CME Group said that it would raise margin requirements yet again as of Monday’s close… Gold retreated 11.4% and silver crashed 31.35%.

All of a sudden, there’s a bit of a risk-off vibe. Just a few days ago, the Investors Intelligence Bulls vs. Bears indicator showed that 61.5% of newsletter writers are bullish. When bullishness tops 60%, that’s often a sign that a short-term market top is near.

The 10-year Treasury yield was flat at 4.24%.

U.S. crude oil futures jumped 6.8% to $65.21 a barrel last week amid President Donald Trump’s Iran threats.

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ETFs

Among growth ETFs, the Innovator IBD 50 ETF (FFTY) dived 6.6% last week, with gold and silver plays leading the decline. The iShares Expanded Tech-Software Sector ETF (IGV) plunged 7.6%, with Palantir a key member. The VanEck Vectors Semiconductor ETF (SMH) climbed 0.8%. AMD stock is a major SMH holding.

ARK Innovation ETF (ARKK) skidded 7.2% last week and ARK Genomics ETF (ARKG) sank 6.7%.

SPDR S&P Metals & Mining ETF (XME) sold off 9.7% last week. The Energy Select SPDR ETF (XLE) gained 3.8% and the Health Care Select Sector SPDR Fund (XLV) fell 1.7%, with Eli Lilly stock the top holding. The Industrial Select Sector SPDR Fund (XLI) and the Financial Select SPDR ETF (XLF) advanced 0.7%.

Best Growth Stocks To Buy And Watch

What To Do Now

The stock market rally is near highs but testing or undercutting key levels. It wouldn’t take a big move up or down to significantly change the technical picturee.

Of course, earnings season can provide plenty of whipsaw action. President Trump has been busy making market-making moves or statements for the past several weeks, especially on the weekends.

Many leading stocks generally are acting well, aside from earnings losers. But high-beta names saw some heavy losses or downside reversals late in the week. Along with the indexes fading, there’s a bit of a risk-off shift.

Investors might consider paring some exposure, if only by exiting losers or cutting winners, slashing substantial gains. Volatility and the heavy news cycle suggest investors should be judicious with new buys.

So have your watchlists and exit strategies up to date.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

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