Dow Jones Futures Anticipate Impact of Economic Data; Elon Musk Shifts AI Chips Away from Tesla; Nvidia Struggles without Support

After hours, Dow Jones futures saw a slight rise, along with S&P 500 futures and Nasdaq futures. CrowdStrike (CRWD) and Hewlett-Packard Enterprise (HPE) were in the spotlight for their late earnings.

Markets are concerned that U.S. and global economic growth may be slowing too much and are awaiting the ISM services index on Wednesday morning. The stock market saw mixed results on Tuesday, with major indexes slightly higher while small caps fell.

Nvidia hit a record high, however, other major stocks like Advanced Micro Devices (AMD), Broadcom (AVGO), and Taiwan Semiconductor (TSM) have not seen much positive movement. Tesla CEO Elon Musk diverted Nvidia AI chips to his own ventures, causing some concerns in the market.

The stock market rally is seeing some underlying weaknesses, particularly in leading stocks. Investors are advised to be cautious about making new buys until the market shows more clarity. Monitoring the market direction and leading sectors will be crucial in making informed decisions moving forward.