After hours, Dow Jones futures, S&P 500 futures, and Nasdaq futures remained stagnant. The Federal Reserve meeting, concluding Wednesday afternoon, will shed light on the Fed’s rate-cut outlook. Despite initial losses, the stock market saw modest gains on Tuesday, particularly in the Nasdaq. Nvidia initially dipped after a big AI event but managed to rebound slightly. Other artificial intelligence stocks also recovered losses or turned positive, except for Advanced Micro Devices, which saw a solid retreat, and Super Micro Computer, which tumbled due to plans for a share offering. On Wednesday, Broadcom will host an AI investor meeting while Micron Technology is set to release fiscal Q2 results. Microsoft will hold its own AI event on Thursday, alongside several other companies worth watching. Investors are cautioned to wait until after the Fed meeting and news conference by Fed chief Jerome Powell. Nvidia and ARM stock are on IBD Leaderboard, with Dexcom on the Leaderboard watchlist, and DraftKings stock on SwingTrader. Microsoft, Cadence Design, and Synopsys stock are on IBD Long-Term Leaders. Various other stocks are featured on the IBD 50 and IBD Big Cap 20 lists. The stock market’s performance is being closely watched, especially in light of the Fed’s rate projections set to be released. Market experts are analyzing leading stocks and market trends on IBD Live to better understand the current state of the market rally. Stay tuned for updates on market trends and stock performance.
