From Investor’s Business Daily: 2024-04-03 22:33:50

Dow Jones futures, S&P 500 futures, and Nasdaq futures all rose modestly overnight. The stock market rally closed mixed Wednesday, with Meta Platforms, and HubSpot flashing buy signals. Google parent Alphabet and Arista Networks are also in buy zones. Nvidia is holding support, along with other AI chipmakers. ELF Beauty plunged after Ulta Beauty warned of weak demand. Investors should be cautious, especially with the upcoming jobs report. Meta and Nvidia stocks are on various IBD lists. Dow Jones futures are slightly above fair value, with other indices also rising. The stock market rally was relatively quiet Wednesday, reacting to mixed economic data and Fed chief Jerome Powell’s comments. ELF Beauty stock plummeted, while Meta, HubSpot, and Arista Networks showed strength. Nvidia stock is consolidating near support. The market remains challenging for growth investors in a sideways pattern. Friday’s jobs report could be a major influence. Keep an eye on emerging bases and setups in leading stocks and sectors.



Read more at Investor’s Business Daily: Dow Jones Futures: Why This Market Is So Risky; 983% Winner ELF Beauty Flashes Sell Signal