From Nasdaq: 2024-05-10 10:59:00

The pre-market futures are up this morning but have slightly decreased from earlier highs. The Dow is +100 points, the S&P 500 is +12 points, and the Nasdaq is +52 points. The Dow has a 7-day rally, while the S&P and Nasdaq have recovered +3% from recent lows. The Russell 2000 is up over +2% in the past month.

Over 2000 earnings reports have been released this week. AI and value-based offerings performed well. Energy stocks may not be as appealing now. Inflation is a concern, with PPI and CPI expected to decrease from previous levels. Consumer Discretionary companies show mixed results. Housing sector and retail sales data are awaited.

Coming off peak earnings week, we approach “Inflation Week” with concerns about rising prices. Consumer Discretionary companies show mixed results, with some like Starbucks and Uber reporting lower consumer spending. Home prices continue to rise. The housing sector and retail sales data will be in focus next week.

Zacks Investment Research predicts significant profits from Bitcoin, citing past performance in election years: 2012 +272.4%, 2016 +161.1%, 2020 +302.8%. A surge is expected, offering a free report on Bitcoin’s history and potential. Want the latest recommendations from Zacks? Get the free report on the best stocks for the next 30 days.



Read more at Nasdaq: Pre-Markets Open Green on Last Day of the Week