Stocks Cautious Ahead of Big Earnings Week; Tesla Plunges While Travel Stocks Rally
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Dow futures edged lower early Friday after earnings from Intel, Visa, and American Express; Nasdaq futures fell slightly.
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The stock market rally wavered Thursday but indexes advanced; Tesla plunged 12% while travel stocks and industrial names flashed buy signals.
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Investors should be cautious adding much exposure with peak earnings next week; technical headwinds and uncertainty remain.
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Consider taking partial profits and cutting losers to reduce overall exposure somewhat preemptively.
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Keep updating watchlists as many stocks set up; market could offer buying opportunities if earnings week goes well.