From Investor’s Business Daily: 2024-04-16 08:35:00

Dow Jones futures bounced back Tuesday, hoping to reverse recent losses. Tesla stock continued to fall, down 2.3% as the company announced layoffs affecting over 10% of its workforce. Federal Reserve Chairman Powell will speak at the Washington, D.C. Forum on the Canadian economy, while Bank of America, Johnson & Johnson, Morgan Stanley, and UnitedHealth reported earnings. The Nasdaq and S&P 500 closed below their 50-day moving averages for the first time since November. American Express and Verizon are among companies to watch as the market struggles. Broadcom, DraftKings, and ServiceNow are also in focus as they navigate buy points. Nvidia, Apple, and Microsoft are among the Magnificent Seven stocks to watch.



Read more at Investor’s Business Daily: Stock Market Today: Dow Jones Rises After Market Slide; Tesla Stock Extends Sell-Off