After hours, Dow Jones futures, S&P 500 futures, and Nasdaq futures experienced little change. The upcoming CPI inflation report and Delta earnings could impact the market, with Tesla’s robotaxi event expected to be a game-changer on Thursday night.
The stock market rally showed strength on Wednesday, with the S&P 500 reaching an all-time high and the Dow Jones closing at a record level. Although Nvidia stock saw a small decline after consecutive gains, it remains actionable from multiple entry points. The cruise line sector performed well, with Carnival and Viking Holdings showing buy signals.
Investors are optimistic about the outlook for airlines like Delta Air Lines, despite expected earnings declines. Delta stock is approaching a cup-with-handle buy point. Various stocks, including Nvidia and Viking, are performing well and are on watchlists for potential opportunities.
The hurricane impacting Florida is affecting insurance stocks, which saw a rebound after falling earlier in the week. The upcoming CPI inflation report is expected to show a slight rise vs. August, but is unlikely to have a significant market impact. Fed minutes from the September meeting showed a split among policymakers regarding rate cuts.
The stock market rally on Wednesday was marked by notable gains across indices. Leading stocks are receiving buy signals, indicating potential opportunities for investors. ETFs across different sectors like tech, semiconductors, and metals are showing positive movement. Cruise line stocks surged following positive comments from Citigroup.
The upcoming Tesla robotaxi event could be a significant moment for the company and its CEO Elon Musk. The event may showcase autonomous technology advancements and potentially unveil new products. Tesla stock has key levels to watch for potential buying opportunities leading up to the event.
Overall, the stock market is looking strong with record highs for major indices. Investors should monitor market trends, update watchlists, and have a clear game plan before making any trading decisions. Staying informed with market updates is crucial for making informed investment choices.
