Dow Jones futures experienced a decline on Tuesday morning, ahead of important housing data, partially due to the early release of the Case-Shiller Home Price Index. The S&P CoreLogic Case-Shiller index is expected to rise 0.7% in the month of September, with a 3.8% annual gain, while the Federal Housing Finance Agency (FHFA) House Price Index is anticipated to climb 0.4% in September. Also affecting the market was the news that Boeing (BA) shares surged 1.5% following an upgraded rating by RBC Capital.
On the earnings front, PDD (PDD) stock experienced a significant increase of over 15% in early trading, while the shares of Zscaler (ZS) fell by 5%. As for the broader market, Dow Jones futures fell 0.1%, with the S&P 500 futures losing 0.2% and the Nasdaq 100 futures slipping 0.25%.
The Nasdaq 100 tracker Invesco QQQ Trust (QQQ) moved down 0.25%, while the yield on the 10-year U.S. Treasury bond ticked higher to 4.39%. Oil prices also saw a slight uptick, with West Texas Intermediate futures rising by less than 1% to trade back above $75 a barrel.
In Monday’s trading, the Dow Jones Industrial Average and S&P 500 both experienced a 0.2% decline, while the Nasdaq composite dipped 0.1%. According to the latest Big Picture column, after the strong gains seen in November, buyers may be taking a pause to see how the market evolves in the coming days.
When it comes to stocks to watch in the current market rally, notable names include Advanced Micro Devices (AMD), Amazon (AMZN), Shopify (SHOP), Roku (ROKU), Salesforce (CRM), and UnitedHealth (UNH). These stocks have shown strong potential for growth and are closely watched by investors.
Overall, various companies are experiencing shifts in the market, creating opportunities for both short-term and long-term investments. When making investment decisions, it’s essential to stay up to date with market trends and emerging opportunities.
