From Investor’s Business Daily: 2024-04-04 22:13:35

Dow Jones futures remain steady ahead of the March jobs report, with the stock market rally showing strength early in the day but reversing lower later on. Google parent Alphabet is reportedly considering a bid for marketing software maker HubSpot, causing both stocks to react. Tesla rebounds slightly, while Nvidia falls below a key level and AMD suffers major losses. The jobs report is highly anticipated, with economists expecting nonfarm payrolls to rise by 200,000 and the jobless rate to remain at 3.9%. The market is keeping an eye on inflation concerns and the possibility of a Fed rate cut in June. Stocks struggled in Thursday’s session as Israeli-Iran tensions and rising crude oil futures weighed on the market, but major indexes remain near highs. Tech and growth ETFs show mixed performance, with Google, Salesforce, Nvidia, and Tesla stocks reacting to the market movements. Investors should remain vigilant in managing their positions and have exit strategies ready for potential market fluctuations.



Read more at Investor’s Business Daily: Dow Jones Futures: Market Suffers Ugly Reversal, Nvidia Falls As AMD Dives; Jobs Report Looms