Posted 4/9/2024, 8:59:00 PM
Stocks Cautious Ahead of Inflation Data; Nvidia and Tesla See Notable Moves
- Dow futures edge higher ahead of Wednesday's CPI inflation report and Fed minutes. Delta Air Lines earnings on tap.
- Nvidia stock tests 10-week line; Google unveils rival AI chip using Arm designs. Intel also shows off AI processor.
- Tesla extends bounce on robotaxi hopes; stock nearing resistance.
- Taiwan Semiconductor foundry giant reports sales figures early Wednesday.
- While major indexes were muted Tuesday, some leaders sank while others found support or flashed buy signals. Patience key for market rally.