Futures for the Dow Jones, S&P 500, and Nasdaq were slightly up on Friday morning. Adobe reported its earnings late on Thursday.
The stock market saw a decline due to a rise in Treasury yields following a strong inflation report. Microsoft, Apple, Google’s parent company Alphabet, and Amazon.com were the main contributors to the losses.
Market breadth was weak, especially affecting small caps. Microsoft and Google showed buy signals on Thursday. Other companies like Arista Networks, Ares Management, and HubSpot are looking to create new bases.
Adobe, Ulta Beauty, Jabil, and GigaGloud Technology reported earnings recently. Some of these companies like Nvidia, Microsoft, Arista Networks, and HubSpot are featured in various investor lists.
The overall market saw some losses on Thursday, with major indexes slipping slightly. Stocks like Microsoft and Apple pushed higher. The market is currently pausing, which could offer new buying opportunities.
Various ETFs across different sectors experienced ups and downs. Stocks like Microsoft, Google, Arista Networks, Ares, HubSpot, Tesla, and Nvidia showed movement in the market.
The stock market rally appears to be in a pause phase. Microsoft, Google, Arista Networks, Ares, and HubSpot are nearing buy points or showing entry signals. Meanwhile, Tesla is facing a decline, and Nvidia is holding steady.
Investors should stay engaged and be prepared for potential buying opportunities. It’s important to keep watchlists updated and have exit strategies ready. Stay informed by reading The Big Picture daily for market updates and trends.
