After hours trading saw Dow Jones futures, S&P 500 futures, and Nasdaq futures all decline slightly, following the release of Nike’s earnings report and in anticipation of Tesla deliveries the next day.
The stock market experienced notable losses on Tuesday due to geopolitical tensions between Iran and Israel. Although the major indexes rebounded slightly after little damage was caused, they closed lower by the end of the day. Notable headwinds included stronger-than-expected job openings, negative news about Apple’s iPhone demand, and an East Coast port strike.
Despite the overall decline in the market, CBOE Global Markets, Ryan Specialty Holdings, and AeroVironment all showed buy signals. The focus then shifted to Tesla’s upcoming third-quarter deliveries report, following impressive electric vehicle sales figures from Chinese companies such as BYD.
Nike reported a decline in earnings for fiscal Q1 2025 but still exceeded expectations. Meanwhile, the stock market rally dipped due to concerns over potential escalation in Middle East conflicts, but there is hope for a rebound if the situation stabilizes.
Tesla is set to release its third-quarter delivery numbers, with expectations of surpassing last year’s figures. The automaker has been leading in BEV sales and is closely followed by Chinese EV companies with record sales.
Overall, market watchers should keep an eye on stocks that show relative strength, not just tech growth names. It’s important to diversify watchlists and stay informed on market trends to make informed trading decisions.
