Dow Jones Futures Fall After Trump-Harris Debate: Key Market Updates
Immediately after the last Trump-Harris Debate, Dow Jones futures were slightly down, and even the stock market was mixed with some highs and lows. The focus now, however, is on the inflation earnings report which is up for release and which will likely impact the market in the next few days. With the stock market so volatile, it is worth keeping up to date with the news.
Futures on US indices after the debate
Within a day of the trump harris debate, the Dow Jones sagged by 0.4%, S&P 500 0.5%, and Nasdaq 0.6%. However, it is not clear whether ‘the debate caused this fall. As usual – futures movement does not equal stocks or even those same futures but the patterns are present nonetheless.
About Tesla’s (TSLA) stock, the shares went up owing to good sales made in China. Nvidia (NVDA) also experienced some growth which was helpful in boosting the overall wellbeing of the tech sector. At the same time, there were increases for Microsoft (MSFT) and Oracle (ORCL) stock, with Oracle gapping out of its base after earnings.
The Impact of the Trump-Harris Debate
The debate, which began at 9 PM ET, had investors closely watching for any signals that could affect the markets. While tax policies were notably absent from the discussion, the race between Trump and Harris is tightening, leading to speculation about possible market shifts depending on the election outcome. The debate outcomes showed Harris gaining ground, which might have influenced some market sentiment.
CPI Inflation Data on Tap
The Labor Department will most likely put out the CPI inflation report in the early hours of Wednesday, where a monthly overall CPI and core CPI of 0.2% is expected. A soft inflation report may allow the Federal Reserve to have more leeway to change rates at its next meeting. This report is important for investors seeking indications regarding the state of the economy.
Stocks to Watch: Tesla, DaVita, and Nvidia
As Tesla’s stock regains traction, its stronghold in the tech sector particularly thanks to great exposure in the Chinese region remains unshaken. In the same vein, DaVita (DVA) and Exelixis (EXEL) are in buy zones, with both bouncing off their 21-day lines. Let’s keep these stocks on the radar as they still perform well no matter how crazy the market gets.
Dow Jones futures started the week under pressure; however, the sentiment in the stock market is still not so keen. As the CPI report nears with the Federal Reserve’s next move still unclear, it’s wise to remain on the alert for any changes in the market.
