Stock market futures showed a mixed start early Tuesday, with signs of a possible decrease in Dow Jones futures, while S&P 500 futures and Nasdaq futures inched up slightly, driven by the performance of Nvidia (NVDA) and Apple (AAPL). Meanwhile, GameStop (GME) saw a significant jump in premarket trading.
Looking back at last week, the stock market experienced some back and forth activity, ending with the Nasdaq reaching a new high and the Dow trending downward. Notably, Nvidia’s stock continues to climb, approaching a valuation of $3 trillion, while Apple saw gains due to increased iPhone sales in China. GameStop’s surge came after announcing a stock offering.
Tesla has been in the spotlight after Glass Lewis recommended that shareholders reject Elon Musk’s proposed $56 billion compensation package. The focus also remains on other companies reporting earnings this week, such as Cava after the close on Tuesday.
The upcoming core PCE price index release on Friday will be crucial in determining expectations for Fed rate cuts, with economists predicting a modest increase in April. The week’s financial news also includes updates on Deckers Outdoor (DECK) and On Holding (ONON) due to analyst upgrades.
As the market gears up for more developments, including potential milestones for Nvidia’s stock and Apple’s upcoming AI features, investors are closely monitoring key players in different sectors and anticipating market trends.
