Futures for the major stock indexes were showing gains on Monday morning as trading kicked off for the abbreviated week. Despite this positive start, shares of Nvidia were facing the possibility of extending their recent decline.
Before the markets opened, futures were up across the board, with the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 all showing gains. Treasury yields were on the rise and oil prices continued to climb as well.
Despite a price target hike from a major brokerage firm, Nvidia’s stock was slipping in premarket trading. This comes after the stock fell for two consecutive sessions last week. The company remains a leader in artificial intelligence and is considered a top stock by analysts.
In other news, Boeing announced plans to acquire Spirit AeroSystems in a multi-billion dollar deal. Meanwhile, the upcoming week is expected to bring important economic data, including the June jobs report on Friday.
Stocks like Burlington Stores, Carvana, Domino’s Pizza, and Meta Platforms are among the top companies to watch in today’s market. Investors are advised to keep an eye on how these stocks perform in the coming days.
Overall, the stock market is showing signs of resilience despite recent fluctuations. It’s important for investors to stay informed on market developments and adjust their strategies accordingly to make the most of the current trading conditions.
