Dow Jones Futures Rise: Market Rally Faces Inflation Report; Nvidia pounced on the warning

Dow Jones futures rose after stock market action on Monday. On Wednesday, a key inflation report – the Labor Department’s Consumer Price Index – is due out. Nvidia shares fell more than 6% after the chip giant issued a revenue warning for the current quarter.


American International (A.I.G), Novavax (NVAX), Shock wave medicine (Swat) and Take-Two Interactive (TTWO) key earnings moves after Monday’s close.

AIG shares rose nearly 1%. Vaccine maker Novavax tumbled 33% after cutting 2022 revenue guidance due to lack of demand for its Covid-19 vaccine. Shockwave rose nearly 8% in early trade. Video game maker Take-Two fell about 7%.

Meanwhile, Perico (PRGO), Planet Fitness (PLNT) and Ralph Lauren (RL) will be announced ahead of Tuesday’s opening.

Stock Market Today: Nvidia Stock Dives

On Monday, the Dow Jones Industrial Average rose 0.1%, while the S&P 500 fell 0.1%. The tech-heavy Nasdaq composite fell 0.1%, extending Friday’s light losses.

in the middle Exchange Traded FundsNasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 0.3%, and the SPDR S&P 500 (espionagefell 0.1%.

Graphics-chip maker Nvidia (NVDA) triggered a sell-off in chip stocks later Monday warns that its earnings outlook Its fiscal second quarter will fall short of earlier estimates. The company reported preliminary sales of $6.7 billion for the quarter ended July 31. It had previously forecast sales for the period of $8.1 billion. It will announce the official results on August 24. The Vaneck Semiconductor ETF (SMHIt was down 1.7% on Monday. Fellow chip stock Advanced Micro Devices (AMD) decreased by more than 2%.

Elsewhere, Tesla (D.S.L.AMonday’s gains were trimmed to 0.8%. in the middle Dow Jones Leaders, Apple (AAPL) and Microsoft (MSFT) lost 0.3% and 0.9% respectively Today’s stock market.

In a strengthening stock market environment, Dow Jones stocks Coke (There is) and United Health (UNH) – as well as Monolithic Power Systems (MPWR), Ollie’s Bargain Outlet (Ollie) and Vertex Pharmaceuticals (VRTX) — are among the best stocks to buy and watch.

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UnitedHealth and Vertex IBD Leaderboard Shares. Ollie and Vertex were featured Near the column of this week’s stock buy zone. Vertex is also a IBD SwingTrader idea.

Dow Jones futures today: Treasury yields, oil prices, inflation report

Dow Jones futures rose less than 0.1% ahead of Tuesday’s open. Nasdaq 100 futures were down 0.4%. Remember that it is an overnight operation Dow Jones futures The next routine elsewhere doesn’t necessarily translate into actual trading stock market session.

The 10-year Treasury yield fell on Monday, ending at 2.76% and giving up part of Friday’s surge. The 10-year yield is trying to rebound after hitting its lowest level since early April. Meanwhile, US oil prices rose more than 1.5%, with West Texas Intermediate futures trading above $90 a barrel.

The Labor Department’s Consumer Price Index will be released early Wednesday. Consumer prices are expected to rise 0.2% in July, down from June’s 1.3% rise, Econoday estimates. However, inflation is expected to rise 8.7% in July from a year ago, easing from June’s 9.1% year-on-year rise.

What to make of the current stock market rally

In recent weeks, IBD upgraded its market outlook from “under pressure” to “confirmed bullish.”

As the market shows signs of strength, investors have the green light to increase exposure, but keep small positions to begin with. As new buying begins to progress, systematically increase exposure. There is still a lot of uncertainty going into the stock market, so it still makes sense to have a fair amount of cash on hand.

Friday’s The Big Picture column “It was another resilient performance for the stock market on Friday, making bulls feel good about a confirmed rally.”

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If you’re new to IBD, check it out Stock trading system And Can Slim Basics. approves Chart formats It is an important aspect of investment guidance. IBD offers a wide range of Growth-stock listsetc Leaderboard And Swing Trader.

Investors can create watch lists and access companies Point to buyOr create custom screens IBD MarketSmith.

Five Dow Jones Stocks to Watch Now

Dow Jones stocks to watch: Coca-Cola, UnitedHealth

Dow Jones Soda Co. Coca-Cola is forming the right side of a flat base with a buy point of 67.30. Shares are testing their 50-day line amid a three-day losing streak as they fell 0.65% on Monday.

Health insurance company and IBD Leaderboard After Monday’s 0.3% rise, UnitedHealth is in buy range above its double-bottom-with-handle base at 518.80 buy point. IBD MarketSmith Chart analysis.

UNH share Showing a solid 94 out of a perfect 99 IBD Joint Assessment, for one IBD Stock Checkout. Investors can use the IBD Composite Rating to easily gauge the quality of a stock’s fundamental and technical metrics.

4 Best Growth Stocks to Watch in CurseRent stock market rally

Key stocks to watch: Monolithic, Ollie, Vertex

Thursday is the IBD stock of the day Monolithic Power Systems continues to build the right side of integration with a 580.10 point of purchase. Meanwhile, shares are about 3% above an initial entry of 514.80. Consider a potential handle to provide another alternative buying point. Shares rose 0.6% on Monday.

Ollie’s Bargain Outlet is recovering from that 10 week line – An important support level – placing the best discount seller in a new buying zone. Stocks also carve a Handle after a large cup base, placing a recent buy point at 72.37. Current price action is about 10% away from that entry.

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IBD SwingTrader Shares of Vertex Pharmaceuticals rose 2.1% on Monday, leaving Buy limit The last one cup with handle Entry at 279.23. 5% Chase zone goes up to 293.19. The stock’s June 23 breakout is back on track following last week’s Q2 earnings results.

Join IBD experts as they analyze the leading stocks in the current stock market rally on IBD Live

Tesla stock

Tesla shares gained 0.8% on Monday, recovering a small portion of Friday’s 6.6% slide. Last week, shares hit their highest level since early May, but have now found resistance at their 200-day line, a key level to watch. The company announced a 3-for-1 stock split on Friday, August 24th.

The stock is about 30% off its 52-week high.

Dow Jones Leaders: Apple, Microsoft

in the middle Dow Jones Stocks, Apple shares fell 0.3% on Monday, extending losses to three sessions. In the latest session, the stock recovered its 200-day line for the first time since May 5.

Microsoft fell 0.9% on Monday, falling for the second day in a row. The software company is still below its long-term 200-day line. The stock closed about 20% off its 52-week high.

Don’t forget to follow Scott Lehtonen on Twitter @IBD_SLehtonen Learn more about growth stocks and the Dow Jones Industrial Average.

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