Dow, S&P 500, Nasdaq Futures Rising; Alphabet, Nvidia, Trump Media, AMD, More Movers; Treasury Yields Fall; Jobs Data
Big Tech earnings are finally under way and it’s so far so good for the stock market.
The technology-heavy Nasdaq Composite reached a record closing high Monday, before Alphabet’s earnings injected the sector with even more optimism. The Google owner’s stock was 5.8% up after-hours, while Nasdaq futures are beginning the day Tuesday in positive fashion—rising 0.2%.
It’s a decent start for stocks in general, with S&P 500 futures up 0.2% and the Dow Jones Industrial Average edging 0.1% higher. The Dow fell 0.4% Monday, while the S&P 500 eked out 0.2% gains.
For now, the market is taking everything in its stride. There’s plenty more to come Wednesday, including Microsoft and Meta Platforms earnings after the bell.
But before that, more economic data will keep investors on their toes. U.S. job openings fell to their lowest level since early 2021, data Tuesday showed, a sign that the labor market is weakening.
The jobs data keep coming with ADP’s private payrolls Wednesday, jobless claims Thursday and October’s employment report Friday. Investors will also get a first preliminary reading of third-quarter GDP this morning, which will contain inflation data–a chance to monitor progress toward the Fed’s 2% target.
