The futures market saw a slight decline on Wednesday morning, with Dow Jones, S&P 500, and Nasdaq futures all down. Meanwhile, crude oil prices surged due to ongoing fears in the Middle East. Nike released its earnings report on Tuesday night, with Tesla deliveries scheduled for the morning.
The recent stock market rally faced significant losses on Tuesday as a result of Iran launching missiles towards Israel. Although the attack didn’t cause much damage, the major indexes still saw a decline, with the Nasdaq and Russell 2000 being the hardest hit. Factors such as stronger job openings data, negative news about Apple’s iPhone demand, and an East Coast port strike added to the market’s challenges.
Companies like CBOE Global Markets, Ryan Specialty Holdings, and AeroVironment showed buy signals despite the market downturn. Tesla is expected to report its third-quarter deliveries, following record EV deliveries from other companies like BYD. Humana’s stock continued to plummet due to issues with its Medicare Advantage plans.
While the stock market remained volatile, the outlook for Tesla deliveries and other key players in the EV industry is positive. It’s essential to keep an eye on market trends and potential buying opportunities, especially in sectors showing relative strength. Stay informed about the overall market direction and leading stocks to make informed investment decisions.
