From Investor’s Business Daily: 2024-04-06 20:52:29

Dow Jones futures are set to open Sunday evening alongside S&P 500 and Nasdaq futures, as Nvidia and other AI chip companies are working on potential bases or new consolidations. The stock market showed some pullback last week, but rebounded on Friday. Tesla stock fell after weak first-quarter deliveries, but shares surged after Elon Musk announced plans to unveil a robotaxi on Aug. 8. Nvidia, Broadcom, Taiwan Semiconductor, and Astera Labs are working on new bases. Super Micro Computer, a top S&P 500 performer, is also forging a base. The market continues to show head fakes, so investors should proceed with caution.



Read more at Investor’s Business Daily: Dow Jones Futures: Market Constructive As AI Winners Nvidia, Super Micro Forge New Bases