Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures saw little change before the stock market opened on Tuesday. Tesla stock saw a surge ahead of its second-quarter deliveries announcement. All eyes on Wall Street will be on Fed Chairman Jerome Powell’s speech.
Tesla’s stock jumped over 6% on Monday, reaching its highest level in months in anticipation of its Q2 deliveries report set to be released on Tuesday. Additionally, Powell will be addressing the European Central Bank Forum on Central Banking in Portugal on Tuesday morning.
This week’s economic calendar highlights include Friday’s June jobs report, which is expected to show a gain of 190,000 jobs with slowing wage growth and a steady unemployment rate of 4%. The stock markets will be closed on Thursday in observance of Independence Day.
Before the opening bell on Tuesday, Dow Jones futures, S&P 500 futures, and Nasdaq 100 futures remained flat compared to fair value. The 10-year U.S. Treasury yield rose to 4.47% while oil prices settled above $83 a barrel.
In the stock market today, companies like Burlington Stores, Carvana, Domino’s Pizza, and Meta Platforms along with Amazon, Apple, Amgen, JPMorgan Chase, and Microsoft are key stocks to watch. JPMorgan and Meta are featured in the Stocks Near A Buy Zone column.
Stock market investors should keep an eye on the ongoing market trends by reading analyses like The Big Picture and exposure levels. Also, stay informed about stock market leaders through features like MarketSurge’s “Breaking Out Today” list and the IBD Stock Lists.
Stocks like Amgen and JPMorgan within the Dow Jones are experiencing notable movements, while companies like Burlington Stores, Carvana, Domino’s Pizza, and Meta Platforms are showing promising patterns in the current market landscape.
Overall, keeping tabs on leading stocks and market trends is essential for investors looking to navigate through the dynamic nature of the stock market.
