Dow Jones futures were slightly higher late Sunday; so were S&P 500 futures and Nasdaq futures. Apple (AAPL), Oracle (ORCL), Palantir Technologies (PLTR), Dell Technologies (DELL) and Tesla (TSLA) will dominate the headlines on Monday. Trading arbitrage. The S&P 500 and Dow Jones suffered their worst weekly losses since March 2023, while the Nasdaq, led by Nvidia (NVDA), suffered its biggest loss since January 2022.
Tesla shares bucked the trend on Thursday, giving it all back and then some on Friday.
Investors should reduce their risk and do more planning, while also focusing on products that are showing relative strength and significant hold.
Dow Jones Futures Today
Dow Jones futures were up 0.15% from fair value. S&P 500 futures were up 0.2% and Nasdaq 100 futures were up 0.3%.
The yield on the 10-year Treasury note rose to 3.74%. Crude oil futures rose more than 1%. Production costs fell 1.8%, more than expected.
Remember that overnight movements in Dow Jones Industrial Average futures and other markets do not necessarily translate into actual market performance in the next trading session.
AI Stocks In The News
The Apple iPhone 16 could be unveiled throughout Monday's consultation, the Dow tech massive's first AI-enabled handset. It reportedly can have a new chip using the latest designs from Arm Holdings (ARM).
Oracle earnings are due after Monday's close. Oracle inventory bucked the fashion, edging better closing week as it works in the direction of a conventional buy factor.
meanwhile, Palantir and Dell might be active Monday on information that the two AI tech performs will be a part of the S&P 500 index earlier than the open on Sept. 23, along side coverage dealer Erie Indemnity (ERIE). Palantir stock and Dell jumped Friday night, with the previous trading near 3-yr highs.
also, Elon Musk denied a document that his xAI startup has mentioned sharing Tesla sales from FSD and extra.
Early Tuesday, Nvidia chipmaker Taiwan Semiconductor (TSM) will release August sales figures. Taiwan Semi, which additionally makes chips for Apple and many others, has visible growth revive on AI and other advanced chips. TSM stock has a cup-with-take care of base, in line with MarketSurge. but stocks sold off eight.7% remaining week, well underneath their 50-day.
Thursday night, Adobe (ADBE) reports. Adobe stock flirted with a buy point closing week, pulling again to its 21-day line.
these reviews will deliver an indication about AI demand with the aid of agencies and by give up users, allaying or accentuate fears approximately an AI slowdown.
Nvidia inventory is on IBD Leaderboard, even though the placement is hedged. Palantir stock is at the IBD 50.
Stock Market Rally
The inventory marketplace rally shattered bullish developments inside the past week. The Dow Jones business average tumbled 2.nine% in final week's inventory market trading, falling underneath its 21-day line and approaching its 50-day. The S&P 500 index misplaced four.25% and the small-cap Russell 2000 gave up 5.7%, both sinking genuinely underneath their 50-day lines.
The Nasdaq composite plunged five.eight%, far under its 50-day line and nearing its two hundred-day. On Friday, the tech-heavy index knifed below the low of its Aug. thirteen comply with-thru day. remaining underneath the low of the FTD is a very bad signal for a marketplace rally. The S&P 500 has no longer closed beneath its Aug. thirteen FTD low, but it's getting near.
A bounce wouldn't be a marvel after heavy promoting during the last numerous days, however the market wishes a couple of precise day to start looking more healthy.