Dow Jones futures, S&P 500 futures, and Nasdaq futures will all open Sunday evening. The stock market had a mixed week, ending on a bearish note. The Nasdaq set a record close on Thursday, led by Nvidia and other megacap and AI stocks. However, the S&P 500, Dow Jones, and Russell 2000 struggled due to hot inflation and Mideast tensions. The CBOE Volatility index spiked on Friday amid concerns of direct attacks on Israel by Iran. Disappointing guidance from JPMorgan Chase, a sell-off of Arista Networks, and China-related issues for Intel and Advanced Micro Devices also impacted the market. Tesla lowered its Full Self-Driving subscription price, while Salesforce.com is in talks to acquire Informatica.
Key earnings reports from Goldman Sachs and Charles Schwab are expected on Monday. ASML and Taiwan Semiconductor’s earnings will also be closely watched in the coming week, with implications for the chip sector. Dow Jones futures will open on Sunday evening, but overnight trading may not reflect actual market activity. The stock market rally faced challenges due to inflation and Mideast tensions, with Friday’s losses erasing Thursday’s gains. The Nasdaq closed the week with a small loss, while the S&P 500, Dow Jones, and Russell 2000 all ended lower. Various ETFs, including those focused on technology, semiconductors, and infrastructure, saw declines. ASML and Taiwan Semi are set to report earnings, with expectations for a recovery in the second half. Chip stocks like Nvidia, Broadcom, and Lam Research also faced challenges during the week. Investors should remain cautious given the current market conditions.
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