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Dow Jones Futures Fall: Nvidia Slides On CEO Speech; Google, Tesla Surge Ahead Of Fed

March 19, 2024
in Business
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Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures were all down before the opening of the stock market on Tuesday. Nvidia (NVDA) was a focal point in after-hours trading, while Alphabet (GOOGL) and Tesla (TSLA) saw significant gains ahead of the Federal Reserve’s two-day meeting. Nvidia stock dropped nearly 2% after CEO Jensen Huang’s keynote speech at the annual GTC conference for AI developers. StoneCo (STNE) also saw a significant drop in extended trading after earnings. This week, key earnings reports include KB Home (KBH), Micron Technology (MU), and Nike (NKE), among others. The Federal Reserve’s policy meeting is in focus, with a potential interest-rate decision on Wednesday. Fed Chairman Jerome Powell may hint at a near-term rate cut, surprising some analysts. The stock market saw gains on Monday, with Tesla and Alphabet leading the way. Dow Jones tech icons Apple (AAPL) and Microsoft (MSFT) also traded higher. Arista Networks (ANET), Duolingo (DUOL), Dexcom (DXCM), and XP (XP) are among the best stocks to watch. Dow Jones futures were slightly down before the opening bell on Tuesday. The 10-year U.S. Treasury yield rose, while oil prices continued to rally. It is important to stay informed about the stock market’s outlook and be aware of potential breakouts. Disney, IBM, and Procter & Gamble are among the stocks to watch. Arista shares are nearing a breakout, while IPO Leader Duolingo is approaching a buy point. Dexcom and XP are also showing positive signs. Novo Nordisk (NVO), Merck (MRK), DraftKings (DKNG), and Spotify (SPOT) are four stocks to keep an eye on in today’s market. Tesla and Apple were among the top gainers in the stock market on Monday. Follow Scott Lehtonen on Twitter for more updates on growth stocks and the Dow Jones Industrial Average.



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Tags: AheadCEODowfallFedfuturesGoogleJonesNVIDIASlidesSPEECHSURGETesla
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