As Dow Jones futures prepare to start trading on Sunday evening, all eyes are on Apple (AAPL) and Nvidia (NVDA) as they take the spotlight along with S&P 500 futures and Nasdaq futures.
Warren Buffett’s Berkshire Hathaway (BRKB) saw solid earnings growth in the second quarter but made headlines for slashing its significant stake in Apple. This move comes amid reports of delays in Nvidia’s next-generation Blackwell AI chips due to a design flaw, potentially impacting major buyers like Microsoft (MSFT), Google-parent Alphabet (GOOGL), and Meta Platforms (META).
Last week, the stock market faced losses stemming from recession fears and weak economic data, including Amazon.com (AMZN) warning of consumer headwinds. With Federal Reserve Chair Jerome Powell hinting at rate cuts, the market now anticipates significant cuts by year-end.
Key industry players like Palantir Technologies (PLTR), Caterpillar (CAT), and Embraer (ERJ) are scheduled to report earnings this week, shedding light on their respective sectors’ performance.
Market fear spiked last week, with the CBOE Volatility Index hitting levels not seen since 2023. This spike could signal a short-term market bottom, but further uncertainty looms as recession concerns intensify.
Investors are advised to tread cautiously in the current market climate, with various ETFs like the Innovator IBD 50 ETF (FFTY) and the VanEck Vectors Semiconductor ETF (SMH) experiencing significant declines.
Looking ahead, it’s crucial for investors to monitor market conditions closely and stay informed on leading stocks and sectors to make informed decisions in these uncertain times.
