Dow Jones futures were relatively stable ahead of the opening on Tuesday, with Nvidia and Tesla experiencing significant increases, providing a boost to the new stock market rally attempt.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were relatively unchanged after hours ahead of Fed Chief Jerome Powell's speech at the Jackson Hole symposium. The stock market rally attempt on Thursday was disrupted as major indexes reversed lower, with AI stocks such as Nvidia, Marvell Technology, and Adobe also experiencing reversals.
Tesla has unveiled its updated Model 3 EV sedan in China, featuring a sportier exterior, improved battery range, and faster acceleration, although surprising many with a 12% price increase; the upgraded model is expected to boost sales and profit margins for the electric vehicle giant.
Dow Jones futures rallied after the Labor Department's August jobs report showed growth in nonfarm payrolls and Tesla stock rose after the company released an updated Model 3 sedan in China.
Tesla's rivals in China, including Li Auto, BYD, XPeng, and Nio, reported strong August deliveries, with Li Auto achieving a record sales month and Nio deliveries coming close to a record, while the overall China EV market is expected to see growth despite the country's weakening economy.
Dow Jones futures were relatively unchanged after hours, following a stock market rally that saw some losses due to rising Treasury yields, but was supported by strong performances from megacaps like Microsoft, Meta Platforms, and Tesla.
Dow Jones futures open with the stock market rally weakening and major indexes falling below their 50-day lines, but there is potential for change with upcoming events such as Apple's product unveiling, Oracle's earnings release, and the August CPI inflation report. Additionally, Tesla, Roku, and Shopify are among the Cathie Wood holdings near buy points.
Dow Jones futures rose alongside S&P 500 futures and Nasdaq futures, with Tesla receiving an upgrade and price target hike, and Apple, Oracle, and Adobe having major news ahead. The stock market rally is under pressure, but there could be a change soon.
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Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were unchanged after hours as the stock market rally experienced losses, with the S&P 500 and Nasdaq dropping below the 50-day line, while energy stocks led and software retreated. Apple stock fell after unveiling the iPhone 15 and other products, while stocks such as Salesforce, Alphabet, General Electric, Shopify, and Nvidia remained in or near buy areas. The CPI inflation report and Adobe earnings are potential market catalysts.
