Futures for the Dow Jones, S&P 500, and Nasdaq were mixed before the market open on Tuesday. Companies like Nvidia and Super Micro Computer were down on Monday, while Meta Platforms experienced a sharp decline.
Late on Monday, Oracle saw a significant increase in its share price during extended trading. Other companies like Adobe and Jabil are expected to report earnings later in the week.
The Consumer Price Index report from the U.S. Labor Department, set to be released at 8:30 a.m. ET, is a focus this week. The CPI is expected to rise by 0.4% on the month with a 3.1% increase overall. Core prices in February are expected to climb by 0.3%, with a year-over-year rise of 3.7%.
Stocks like Apple, Microsoft, Duolingo, Fifth Third Bancorp, Fortinet, and Block are among the best stocks to buy or watch in today’s market. Companies like Disney, IBM, and Procter & Gamble are also worth considering.
In terms of Dow Jones futures and other market indicators, the 10-year U.S. Treasury yield rose to 4.1% and oil prices remained near recent highs. It is important to stay informed on the latest market trends by reading resources like The Big Picture, IBD MarketSurge, and IBD Stock Lists.
There are several stocks to watch, including Novo Nordisk, Merck, DraftKings, and Spotify, all with potential entry points and growth opportunities. Magnificent Seven stocks like Nvidia and Tesla saw mixed performance on Monday, while Dow Jones leaders Apple and Microsoft also traded in differing directions.
