Dow Jones, S&P 500, and Nasdaq 100 futures showed little change before the stock market opened this Tuesday. The S&P 500 reached a new high on Monday, and Nvidia stock saw significant gains, closing at a record high.
This week’s economic data is relatively quiet, with attention on new unemployment claims due to Hurricane Milton’s impact. Economists anticipate an increase in initial claims for the week ending Oct. 12. Additionally, September retail sales data will provide insights into consumer strength.
Nvidia stock rallied on Monday, approaching an all-time intraday high price set in June. Earnings reports to watch this week include Netflix and Taiwan Semiconductor Manufacturing.
The Dow Jones Industrial Average and S&P 500 saw gains on Monday, with the Nasdaq composite also advancing. Companies worth watching include Ryan Specialty, Texas Roadhouse, Toast, and Uber Technologies. Top Dow Jones components include Amazon, Apple, JPMorgan Chase, and Microsoft.
In the current market environment, it’s essential to stay informed with resources like IBD’s The Big Picture column and IBD Live. MarketSurge lists can provide valuable insights into stocks breaking out or approaching buy points.
JPMorgan is approaching a buy point, while other companies like Ryan Specialty, Texas Roadhouse, Toast, and Uber Technologies are in or near buy zones. Additionally, stocks like Alphabet, Meta Platforms, and Tesla closed higher on Monday. Amazon, Apple, and Microsoft are notable Dow Jones leaders to keep an eye on.
Stay up to date with growth stocks and market trends by following experts like Scott Lehtonen on social media platforms. It’s important to conduct thorough research and analysis when considering investment opportunities in the stock market.
