Stock market futures rise ahead of Powell's speech, with Nvidia and AI stocks showing strength.

From Investor’s Business Daily: 2024-08-18 22:02:14

Dow Jones, S&P 500, and Nasdaq futures all rose slightly Sunday night in anticipation of Federal Reserve chief Jerome Powell’s annual Jackson Hole speech. Key earnings from Palo Alto Networks, Cava Group, and TJX Cos. are upcoming. The stock market had its best week of 2024, with major indexes performing well. Nvidia, Meta Platforms, Arista Networks, and Tesla made significant moves last week. On the news front, Powell’s speech and Nvidia’s earnings are highly anticipated. Growth ETFs saw gains, and the market strategy remains cautious ahead of upcoming events. Palo Alto, TJX, and Cava earnings are also on the radar this week. nIndex performances and various sectors are showing strengths.



Read more at Investor’s Business Daily: Dow Jones Futures: Powell Due After Market’s Best Week In 2024; Nvidia, AI Stocks Near Buy Points