Dow Jones Futures: Market Holds Support, Meta Eyes Buy Point; Tesla Skids On ‘Unmitigated Disaster’
From Investor’s Business Daily: 2024-04-02 20:30:00
Stock futures for Dow Jones, S&P 500, and Nasdaq declined overnight, impacted by various factors such as rising Treasury yields and weak deliveries from Tesla. Health insurers and apparel companies saw drops in stock prices, while energy stocks showed strength. Nvidia fell but bounced back from support levels, while Intel disclosed significant operating losses for its chip foundry business. Despite the market downturn, some companies, like Meta Platforms and Uber, showed resilience. Investors are advised to monitor their portfolios closely and focus on stocks exhibiting relative strength and holding key levels. The market direction and leading stocks should be closely monitored for potential buying opportunities.
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