Dow Jones futures late Thursday rebounded strongly, along with S&P 500 futures and Nasdaq futures, after a wild roller-coaster session that ended with more deep losses for the major stock market averages. Boeing (BA), which had held up better than many stocks this month, tumbled below a buy point. Energy stocks from Exxon Mobil (XOM) to Marathon Oil (MRO) plunged as crude prices retreated.
That’s not too surprising, with the stock market in a correction as of Wednesday’s close. Just as Apple (AAPL), AMD (AMD) and the S&P 500 index broke through support powerfully on Wednesday, the dwindling number of top stocks will continue to shrink as the stock market loses ground.