After the market closed, Dow Jones futures saw a modest increase, along with S&P 500 futures and Nasdaq futures. This boost came as Apple surpassed expectations and announced a record buyback. The upcoming April jobs report will likely impact trading on Friday.
Some notable companies, including Coinbase, Texas Roadhouse, MercadoLibre, and Booking Holdings, released their reports overnight. The stock market had a strong session on Thursday, with the Nasdaq and small caps leading the way. However, indexes closed mixed after giving up strong gains in the final hour.
The market rally still requires an official follow-through day to confirm the new uptrend, as major indexes remain below their 50-day lines. Nvidia and Apple were among the companies showing positive movement, with Apple announcing a record buyback. While the jobs report and ISM services index are expected to provide insights into the economy, the market is leaning towards a first Fed rate cut in September.
As Dow Jones futures rose before the market open, it is clear that investors are keeping a close watch on economic indicators and corporate earnings. It’s crucial to monitor market movements closely and have exit plans in place in case the market takes a different direction.
Overall, it’s essential to stay informed and be prepared for different scenarios in the market. Monitoring leading stocks and sectors, as well as staying updated on economic reports and company earnings, can help make informed investment decisions.
