Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.
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The stock market had a mixed week. On the one hand, the S&P 500 and especially the Nasdaq advanced, snapping three-week losing streaks. But the major indexes suffered ugly reversals Thursday despite blowout Nvidia (NVDA) earnings and guidance. Stocks did rebound Friday following Fed chief Jerome Powell’s speech, but many leaders remain damaged.
A market rally attempt remains ongoing, but investors should remain cautious in the current environment, especially with tech names.
Nvidia stock rose solidly for the week, but came well off Thursday morning highs and faces a key test. Meanwhile, other chip and artificial intelligence plays suffered sharp losses.
Tesla (TSLA) jumped last week, coming up to key levels.
Other stocks to watch: Meta Platforms (META), Google parent Alphabet (GOOGL) as well as Dow Jones giants Visa (V), Caterpillar (CAT) and Salesforce.com (CRM). Salesforce headlines another big week for software earnings.
Nvidia and META stock are on IBD Leaderboard. NVDA stock is on the IBD 50. Nvidia, Meta, Caterpillar and GOOGL stock are on the IBD Big Cap 20.
The video embedded in this article discussed the market’s big moves and analyzed Nvidia, CAT stock and Marsh & McLennan (MMC).
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.
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 Attempt
The stock market rally attempt started the week off strong, but then tumbled back Thursday, with all the major indexes hitting resistance at their 50-day moving averages. Stocks bounced Friday after wobbling initially following Fed chief Jerome Powell’s Jackson Hole speech.
The Dow Jones Industrial Average fell 0.45% in last week’s stock market trading. The S&P 500 index climbed 0.8% and the Nasdaq composite popped…
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