From Investor’s Business Daily: 2024-08-01 20:46:36

After a day of massive selling, stock market futures declined with Apple and Amazon earnings reported. The July jobs report is scheduled for release Friday. Market breadth turned negative, with Nvidia stock reversing and Meta Platforms settling for moderate gains. Coinbase, Vertex Pharmaceuticals, and Intel reported earnings while DoorDash, Monolithic Power, and Snapchat parent Snap had mixed performances. Small caps and major indexes reversed lower on weak economic data, raising recession fears. Treasury yields slipped below 4%, with strong signals of rate cuts coming. Be cautious with recent breakouts and consider reevaluating positions as we await market reactions to the jobs report and earnings reports.



Read more at Investor’s Business Daily: Dow Jones Futures Fall As Apple, Amazon Follow Market Expectations Breaker; Nvidia Tumbles