Wednesday morning saw Dow Jones futures dip slightly, along with S&P 500 futures and Nasdaq futures. Investors are closely monitoring the recent debate between former President Donald Trump and Vice President Kamala Harris, with the CPI inflation report set to be released before the market opens.
In Tuesday’s trading, the stock market experienced a mixed session. The Nasdaq led the way, while the S&P 500 approached a significant level. Tesla saw a boost in its stock on Tuesday due to strong sales in China. Nvidia also experienced a slight increase. Software stocks like Microsoft made gains, and Oracle saw a jump on earnings.
On the downside, warnings from JPMorgan Chase, Goldman Sachs, and Ally Financial weighed on banks and lenders. The current market action and analysis focus on Exelixis, DaVita, and JPMorgan stock.
Looking at futures today, Dow Jones was slightly below fair value, with S&P 500 and Nasdaq 100 futures also showing declines. The Japanese yen saw an increase, and the 10-year Treasury yield fell slightly. Oil prices recovered after hitting 52-week lows on Tuesday. Solar stocks rose, potentially due to comments made by Trump regarding solar energy.
Following the Trump-Harris debate, financial markets saw interesting shifts. The debate didn’t touch on tax policy, a crucial issue for investors. Both Trump and Harris presented their views on economic matters, energy sources, and their policies regarding various industries. The presidential race remains tight, with each party vying for control of both the White House and Congress.
The market awaits the release of the August consumer price index and core CPI data. The Fed is considering rate cuts in light of economic growth concerns. A tame CPI and PPI could influence policymakers’ decision on rate cuts in the upcoming meeting.
Overall, the stock market rally continues to face challenges, with various sectors experiencing fluctuations. While it may not be the best time for new investments, investors should stay engaged with the market and monitor potential opportunities across different industries. Following market updates and trends can help investors make informed decisions about their portfolios.
