Stocks Rise on Encouraging Inflation Data; Nvidia and AI IPOs Retreat From Highs
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Dow Jones futures rose Monday after Friday's in-line inflation data that Fed chief Powell called "good." The stock market rally saw solid weekly gains.
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Nvidia stock retreated but held key support levels. AI chip IPO Astera Labs extended its pullback from Tuesday's peak.
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Microsoft, Meta Platforms and CrowdStrike stocks dip slightly but find support near key levels.
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Tesla and China EV makers Nio, Li Auto, XPeng and BYD will soon report March and Q1 deliveries.
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The stock market rally is broadening out and rotating. Investors can find actionable stocks in housing, financial, medical and other sectors.