From Investor’s Business Daily: 2024-04-30 17:22:33

Dow Jones futures slipped after hours, with Amazon, Super Micro Computer, and Advanced Micro Devices reporting key earnings. The stock market rally attempt pulled back amid inflation concerns and awaits the Fed meeting. Eli Lilly saw a jump in stock price after earnings, while Tesla retreated after layoffs. TransMedics, Powell Industries, and Pinterest also reported strong earnings. Nvidia, Eli Lilly, and TransMedics stock are top performers. The market is awaiting the Fed meeting, while economic data and big earnings reports are expected this week. ETFs like IGV, SMH, ARKK, XME, XHB, XLE, XLV, XLI, and XLF experienced various declines. Amazon outperformed in earnings but offered weak guidance, Super Micro beat forecasts, and AMD met expectations. Eli Lilly rebounded after strong earnings, while Tesla fell post-layoffs. Further earnings releases are expected on Wednesday, including Neurocrine Biosciences, Generac Holdings, Carpenter Technology, and more. In a volatile market, cautious buying strategies are recommended to navigate the uncertainty. Stay updated with market trends and leading stocks to make informed decisions.



Read more at Investor’s Business Daily: Dow Jones Futures: Stock Market Skids Into Fed; Amazon Rises Late As AMD, Super Micro Fall