Dow Jones futures unchanged, market opened higher then quickly reversed, led by Nvidia

From Investor’s Business Daily: 2024-08-08 08:12:44

Dow Jones futures remained unchanged, along with S&P 500 and Nasdaq futures. Jobless claims data was eagerly anticipated. The stock market opened higher but quickly reversed, led by Nvidia and other major tech stocks. The market rally attempt was not strong as major indexes hit resistance levels. Earnings reports from companies like McKesson, AppLovin, and HubSpot influenced stock movements. Key stocks like Nvidia, Apple, and Meta struggled. U.S. crude oil prices rose, while growth ETFs like FFTY and ARKK declined. Stay informed with IBD’s ETF market strategy and The Big Picture analysis for market direction and stock insights.



Read more at Investor’s Business Daily: Dow Jones Futures Await Key Economic Data After Nvidia-Led Reversal; 7 Earnings Movers