Dow Jones Closes Above 40,000 With Stock Market At Highs; All Eyes On Nvidia Earnings

From Investor’s Business Daily: 2024-05-17 21:35:00

Dow Jones futures are set to open Sunday evening, with focus on Nvidia and the impact of their earnings report due Wednesday. The stock market rally reached record highs last week, with the Dow Jones closing above 40,000 for the first time. Many AI-related stocks, including Broadcom, Microsoft, and Super Micro Computer, are near buy points. Other companies reporting earnings next week include Pinduoduo, Palo Alto Networks, and Modine Manufacturing. Investors should be cautious with new positions ahead of Nvidia’s report as it could have a significant impact on the broader market. Take time to review your portfolio and watchlists for potential buying opportunities. Stay informed with daily updates from The Big Picture and follow market trends on Twitter.



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