From Investor’s Business Daily: 2024-05-14 22:52:00

Dow Jones futures and S&P 500 futures edge higher as stock market rally gains steam after Nasdaq sets record close. April CPI inflation report and retail sales due before Wednesday’s open. Meme stocks GameStop and AMC Entertainment soar while Nvidia moves toward a buy point with earnings a week away. Embraer, Pure Storage, On Holding, CrowdStrike, and Oracle break out or show buy signals. April consumer price index expected to rise 0.3% with overall CPI inflation at 3.4% and core CPI at 3.6%. Retail sales expected to climb 0.4%. Nu Holdings tops Q1 revenue targets, while Chinese e-commerce giant JD.com and India-based travel site MakeMyTrip to report earnings. Stock market rally sees gains with Dow Jones industrial average up 0.3%, S&P 500 index up 0.5%, and Nasdaq composite up 0.75%. U.S. crude oil prices fall to $78.02 a barrel, and the 10-year Treasury yield drops to 4.44%. Growth ETFs and sectors like tech, semiconductor, metals, and mining, homebuilders, and health care see gains. Visit IBD Live for market analysis. GameStop and AMC Entertainment meme stocks surge as Keith Gill returns. Embraer, Pure Storage, On Holding, CrowdStrike, and Oracle stocks move into buy zones as Nvidia stock continues to trade above 50-day line with earnings on May 22. Market rally takes breather near record highs. Review stock strategies and watch for Nvidia earnings impact. Follow Ed Carson for market updates. Watchlists are key as stocks position for potential breakouts.



Read more at Investor’s Business Daily: Dow Jones Futures: Stock Market Near Highs Ahead Of CPI Inflation; GameStop Keeps Rising Late