Dow Jones Futures: S&P 500 Nears Key Support As Nvidia … – Investor’s Business Daily
Dow Jones futures were little changed Wednesday morning, along with S&P 500 futures and Nasdaq futures. Palo Alto Networks reported late Tuesday, with Wingstop and chip giant Nvidia due Wednesday.
The stock market rally lost more ground, with the Dow Jones breaking below a key level while the S&P 500 and Nasdaq retreated toward major support. The 10-year Treasury yield continued to race higher, closing in on the 4% level again amid stronger-than-expected economic data as well as disappointing Home Depot (HD) guidance.
Investors should be taking a more defensive stance for at least the short term.
Palo Alto Networks (PANW) and Toll Brothers (TOL) reported earnings late Tuesday. So did three big Ark Invest holdings: Exact Sciences (EXAS), Crispr Therapeutics (CRSP) and Coinbase (COIN).
Baidu (BIDU) released Q4 results before Wednesday’s open. Wingstop (WING), TJX Cos. (TJX) report early Wednesday as well.
Nvidia (NVDA) earnings loom Wednesday night, a key report for the chip…
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