Stock Market Update: Dow Jones, Nasdaq, S&P Futures Dip Ahead of Key Economic Data

Dow Jones, Nasdaq, and S&P futures dipped in premarket trading as Wall Street geared up for a week of key economic data. Warren Buffett’s Berkshire Hathaway rallied to record highs following a 28% rise in operating profit. This week, key economic data includes consumer confidence, retail inventories, and the Personal Consumption Expenditures Price Index, which could impact the Federal Reserve’s interest rate decisions. Additionally, notable earnings reports are expected from companies such as Dell, Hewlett-Packard, eBay, and Salesforce.com.

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Stock Market Today: Dow Jones Hits Record High, Tech Stocks Surge

The stock market rallied to all-time highs, with Nvidia leading the charge. Key earnings reports from Booking, Carvana, Intuit, MercadoLibre, and Square were released, causing significant stock movements. Dow Jones and S&P 500 hit new highs, while top growth stocks extended gains, prompting caution from investors.

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Stock Market Today: Nvidia Soars, Jobless Claims and Earnings Reports

Stock indexes surged in premarket trading, driven by Nvidia’s strong earnings report and jobless claims data. Treasury yield inched up, while oil prices held near recent highs. Key earnings movers included Dutch Bros, Etsy, Lucid Motors, Mosaic, Planet Fitness, and Rivian. Dow Jones components Procter & Gamble and Walmart were among the best stocks to buy and watch. Tesla, Apple, and Microsoft were also notable performers. The market awaited the Labor Department’s jobless claims, S&P Global’s Purchasing Managers’ Index, and the National Association of Realtors’ existing home sales data.

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