After hours, Dow Jones futures, S&P 500 futures, and Nasdaq futures remained steady. The upcoming debate between President Joe Biden and former President Donald Trump is set for Thursday night. The market rally saw modest gains on major indexes, with small caps showing strong growth. The software sector continued its rebound with stocks like Monday.com, Zeta, CyberArk Software, and others flashing buy signals. Meanwhile, Meta Platforms, Amazon.com, and Tesla saw breakouts.
Nike reported earnings late Thursday, beating expectations but missing on sales, leading to a drop in after-hours trading. The Fed’s preferred inflation metric is set to be released on Friday, providing important data for the market. The upcoming presidential debate between Trump and Biden could impact market sentiment.
Dow Jones futures dipped slightly, with Nike stock affecting performance. The debate could have an overnight impact on futures and Treasury yields. The market continued to show resilience despite some setbacks in specific sectors.
Overall, the stock market rally remained strong, with various sectors showing potential for growth. The Fed’s inflation data release and the presidential debate are key events to watch for market movements. Investors should consider diversifying their portfolios with quality stocks from different sectors. Holding steady or making strategic buys are both viable approaches in the current market environment. Stay informed with market updates and leading stocks to make informed decisions.
