Dow Jones futures rose slightly after hours, with investors awaiting the CPI inflation report and key reports from Delta Air Lines and Nvidia chipmaker Taiwan Semiconductor. The stock market rally edged higher, with Nvidia testing support and Tesla rising on Elon Musk's robotaxi announcement. The CPI inflation report is expected to impact Dow Jones futures and Treasury yields, while Nvidia faces growing competition in the AI space. Taiwan Semiconductor will release March and first-quarter sales figures, and Delta Air Lines' earnings kick off earnings for U.S. carriers.
Dow Jones futures remained steady as the SEC approved the creation of spot Bitcoin ETFs, with 11 ETFs set to begin trading. Microsoft, ServiceNow, Workday, MercadoLibre, and Howmet Aerospace all showed buy signals, with Microsoft nearing overtaking Apple in market cap. KB Home reported earnings, and the CPI inflation report is expected to be released. The stock market rally saw modest gains, with major indexes moving back toward 52-week highs. Microsoft stock rose and is on the verge of overtaking Apple as the most valuable company. Other stocks like ServiceNow, Workday, MercadoLibre, and Howmet Aerospace also showed buy signals.
Dow Jones futures were little changed ahead of Tuesday's open as investors awaited the release of the Labor Department's CPI inflation report. The Magnificent Seven stocks, including Meta Platforms, Nvidia, and Tesla, experienced sharp losses. The Federal Reserve policy update and key earnings reports from companies like Adobe, Darden Restaurants, and Lennar are also in focus this week. Additionally, Oracle's stock plunged after missing sales estimates, while Apple and Microsoft traded lower.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, rose modestly ahead of the release of the CPI inflation report. Delta Air Lines and Ford Motor were also in focus. The stock market rally erased early gains but bounced back to close near session highs, with the Nasdaq leading. Delta Air Lines topped third-quarter earnings views, while Ford Motor faced an expanded strike at its truck plant in Kentucky. Economists expect the September consumer price index to rise 0.3%, with the CPI inflation rate slowing to 3.6% year over year.
