Dow Jones Futures Rise With NVIDIA Earnings Due
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Stock traders are cautious ahead of NVIDIA’s earnings report, which will be released tomorrow after market close.
Major stock indexes finished mixed Friday, with the Dow Jones Industrial Average declining for a second straight session but registering a weekly gain.
The major U.S. stock indexes opened lower on Tuesday, continuing the recent selloff. Both the Dow Jones Industrial Average and S&P 500 declined for the past three trading days, and are on pace for their fourth.
In case NASDAQ settles below the support at 24,650 – 24,700, it will move towards the next support level at 24,250 – 24,300. RSI remains in the moderate territory, so there is plenty of room to gain momentum in the near term.
All three major U.S. stock indexes finished at one-month lows on Monday with investors rattled by doubts over the AI trade, as well as the potential for fewer-than-expected interest-rate cuts by the Federal Reserve.
U.S. stocks ended mostly lower on Friday, with the Fear & Greed Index in the Extreme Fear zone at 22.2. Dow fell 310 points.
Dow futures rise as optimism builds over ending the U.S. shutdown; markets rally and gold climbs on rate-cut hopes.
The U.S. stock market fell as Nvidia and other superstars created by the frenzy around artificial-intelligence technology dimmed some more.
U.S. stocks settled lower on Thursday, with the Dow Jones index dipping around 800 points during the session despite federal agencies reopening after the longest government shutdown in U.S. history, as investors aggressively repriced Fed rate-cut expectations following a wave of hawkish remarks from central bank officials.