The futures of the Dow Jones, S&P 500, and Nasdaq were relatively unchanged after hours, indicating a lack of momentum in the market. This follows a session where major indexes hovered around key levels.
The recent decline in job openings, along with dovish comments from a Fed policymaker, have raised concerns about slowing growth. This has also increased the likelihood of a significant rate cut by the Fed on Sept. 18.
While some stocks like Tesla saw gains, others like Nvidia experienced losses. Companies like Palantir Technologies, ServiceNow, and Coupang found support around their 21-day moving averages, potentially offering buying opportunities.
Despite some stocks being near buy points, the current market conditions are risky for new investments. It’s important for investors to stay cautious and act quickly in response to any significant market movements.
Earnings reports from companies like AeroVironment and Hewlett Packard Enterprise have impacted their stock prices, leading to mixed reactions from investors.
Overall, the stock market rally is facing challenges with mixed results across major indexes. It’s crucial for investors to stay informed, monitor market conditions closely, and be prepared to adapt their strategies accordingly.
