Stocks Close Mixed as Chip Stocks Fall on AI Export Limits; Earnings Ahead for Tesla, Nvidia
-
Dow Jones futures fell slightly after hours as Nvidia dropped on AI chip export restrictions to China. Stocks closed mixed, with small caps outperforming.
-
Tesla, Nvidia, and several other growth stocks like FICO, SMCI, and DKNG are near potential buy points ahead of upcoming earnings.
-
U.S. retail sales rose more than expected in September, sending Treasury yields surging to multi-year highs and pressuring tech stocks.
-
Key chip equipment makers ASML, Lam Research report this week, along with Taiwan Semiconductor. Tesla earnings are due Wednesday night.
-
The major indexes remain rangebound. Patience and preparation are key as investors watch for stocks setting up near buy points and monitor upcoming earnings reports.