Stock Market Rally Continues as Earnings Lift Tech Stocks, Though Tesla Rivals Report Mixed Results After the Bell
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Dow Jones futures steady overnight along with S&P 500 and Nasdaq futures after Tesla rivals Rivian and Lucid reported late.
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Stock market rally extended its winning streak Tuesday despite narrow breadth, with Treasury yields pulling back and earnings lifting cloud software names like Datadog.
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Datadog skyrocketed on beat-and-raise report, also lifting MongoDB, Dynatrace, Adobe and ServiceNow.
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Tesla rivals Rivian and Lucid reported after the bell along with Akamai, Axon Enterprise, Upwork and Occidental Petroleum.
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Market rally may be due for a pause after Nasdaq’s 8-day winning streak, but some stocks flashing buy signals while others extend moves.