Home Finance News Dow Jones Futures: Meta Drives 9 Stocks on Rally Rise

Dow Jones Futures: Meta Drives 9 Stocks on Rally Rise

Dow Jones Futures: Meta Drives 9 Stocks on Rally Rise

Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were slightly lower after hours, despite Dow giant Nike rallying on earnings. The stock market had modest gains on Thursday, following a mixed advance the previous day. Treasury yields and crude oil both retreated, while the market rally attempt continued to gain momentum. Investors are awaiting the PCE inflation report, due on Friday morning, and are also concerned about a possible government shutdown. Amidst the market correction, it is a critical time for investors to build their watchlists.

Nine tech stocks that are worth watching include Meta Platforms, Nvidia, Arista Networks, Uber Technologies, CrowdStrike, Duolingo, Aehr Test Systems, Synopsys, and Vertiv. Some of these stocks showed signs of aggressive entry opportunities on Thursday. Nike stock surged in after-hours trading after the company reported higher-than-expected earnings. Carnival will report its quarterly profit on Friday morning. The August PCE price index, a key inflation gauge, is also set to be released on Friday. The stock market rally attempt continued on Thursday, with gains seen in the Dow Jones Industrial Average, S&P 500 index, and Nasdaq composite.

Growth ETFs such as the Innovator IBD 50 ETF, iShares Expanded Tech-Software Sector ETF, VanEck Vectors Semiconductor ETF, ARK Innovation ETF, and ARK Genomics ETF all saw gains on Thursday. The stock market rally was broad-based, with winners outnumbering losers. Energy stocks maintained their gains from the previous day, while tech stocks and various building-related groups also performed well. U.S. crude oil prices fell, but the stock market rally continued as the 10-year Treasury yield reversed its gains and turned lower. The market is still awaiting a follow-through day, which would confirm the new uptrend, and investors are advised to update their watchlists and analyze leading stocks and sectors to navigate the current market conditions.

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