Dow Jones futures and S&P 500 futures rose early Wednesday, along with Nasdaq futures. Bitcoin also rebounded. CrowdStrike had strong earnings, and Federal Reserve Chief Jerome Powell is expected to speak.
The stock market saw losses on Tuesday, with the Nasdaq leading the declines. Apple and Tesla continued to slide, while software stocks sold off. Bank stocks and homebuilders remained steady.
Bitcoin hit a record high on Tuesday but dropped sharply later in the day. Cybersecurity company CrowdStrike surged on strong earnings. Other stocks, like Box and Couchbase, also rose on earnings reports.
Palantir Technologies received a military contract, while Abercrombie and Fitch reported earnings.
Federal Reserve Chief Powell is scheduled to testify before Congress on Wednesday and Thursday. Markets are anticipating rate cuts to begin in June.
Dow Jones futures rose early Wednesday, along with S&P 500 futures and Nasdaq futures. Bitcoin also rebounded. Earnings reports from CrowdStrike, Box, Couchbase, Oddity, Ross Stores, and Abercrombie & Fitch were discussed.
The stock market rally saw losses on Tuesday, with major indexes falling. The Nasdaq, in particular, tumbled. Software stocks and tech giants like Apple and Tesla were hit hard. Some bank stocks and homebuilders remained strong.
Bitcoin reached a record high on Tuesday before dropping sharply. Other cryptocurrencies, like Coinbase and Marathon Digital, also saw declines.
Overall, the market is uncertain, with tech stocks struggling and some sectors, like banks and homebuilders, showing strength. Investors should stay informed and be cautious in their investments.
