Stocks Mixed Ahead of Fed Meeting; Nvidia Rallies, KB Home Earnings Due
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Dow Jones futures rose Monday, while S&P 500 and tech futures advanced ahead of this week's Federal Reserve meeting. Nvidia rallied ahead of its AI event, and Tesla jumped on Model Y price hikes.
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The economic spotlight is on the Fed's two-day policy meeting, with an interest rate decision on Wednesday. Fed Chair Powell may signal a near-term rate cut.
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Key earnings reports this week include KB Home, Micron, Nike, Ollie's Bargain Outlet, Lululemon and Five Below.
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Top stocks in buy range include Duolingo, Dexcom, Block and XP. Disney, IBM and P&G are among Dow Jones stocks showing potential.
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Apple and Microsoft traded mixed Monday. Apple found support at recent lows while Microsoft hit new highs last week.