Stock futures for the Dow Jones, S&P 500, and Nasdaq showed a slight decline after hours due to Meta Platforms’ drop in guidance. The stock market rally that started with solid gains on Wednesday ended mixed as leading stocks fluctuated throughout the day.
While Tesla stock saw a significant increase, Vertiv stock hit a record high before retracting some gains. Nvidia faced a downside reversal, signaling potential challenges for AI stocks and the broader market.
ServiceNow, Chipotle, IBM, and Impinj all reported their earnings, with mixed results across the board. ServiceNow and IBM saw a decline in their stocks, while Chipotle’s stock saw a modest increase.
Investors are now awaiting the first reading for first-quarter GDP growth and weekly jobless claims. The GDP report will provide insight into economic performance and inflation data.
As the market continues to fluctuate, investors are urged to exercise caution and consider staying on the sidelines until a new uptrend is confirmed. It’s essential to stay engaged with the market and monitor leading stocks and sectors for potential opportunities.
