Futures for the Dow Jones, S&P 500, and Nasdaq 100 were relatively stable ahead of the stock market opening on Tuesday. Nvidia saw a strong rally near its record highs, while Truth Social, the social media platform backed by former President Donald Trump, is set to go public on Tuesday.
After a successful merger, Digital World Acquisition, now Trump Media & Technology Group, announced that its common stock and public warrants will be listed on the Nasdaq under the ticker symbols “DJT” and “DJTWW,” respectively. Shares of DWAC rose by 35% on Monday.
Nvidia stock rose by 0.8% on Monday as it approached record highs. The company is considered a leader in artificial intelligence.
This week will see fewer economic data releases, with the highlight being the release of the Labor Department’s Personal Consumption Expenditures price index on Friday. Markets will be closed on Good Friday, delaying any reaction.
Earnings reports will slow down this week, with key reports expected from companies like Jefferies Financial, Paychex, Carnival, and RH.
On Monday, the major stock indexes saw some declines, with tech giants like Microsoft and Meta Platforms experiencing losses. Apple also traded lower.
Overall, it is crucial to stay updated on the stock market trend by following resources like IBD’s The Big Picture and MarketSurge lists for potential stock buys. Stocks like Disney, IBM, and Verizon are important to watch in the current market rally.
