Dow Jones Futures Highlight: Nvidia’s (NVDA) Fresh Investment Opportunity; GameStop (GME) Continues 74% Surge Fueled by ‘Roaring Kitty’

  • Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed ahead of Tuesday’s stock market open. Nvidia stock boasts a new buy point, while GameStop (GME) rocketed after the return of Keith Gill, known by his social media name “Roaring Kitty.”
  • GameStop stock soared more than 74%, while AMC Entertainment (AMC) surged more than 79%. Late Monday, GameStop shares were up another 22%, while AMC stock climbed another 25%.
  • Up next, the Labor Department will report Tuesday its producer price index, which is a key measure of wholesale inflation. The PPI is expected to rise 0.3% for the month of April, with a 2.2% annual increase, per Econoday estimates.

Stock market sees little change ahead of Tuesday’s open, with Nvidia and GameStop making significant moves. Upcoming Labor Department report on producer price index to shed light on state of wholesale inflation.

Stock Market Today

On Monday, the Dow Jones Industrial Average moved down 0.2% and the S&P 500 lost less than 0.1%. The tech-heavy Nasdaq composite gained 0.3%. NetApp (NTAP), NXP Semiconductors (NXPI), Taiwan Semiconductor Manufacturing (TSM)and Tradeweb Markets (TW) — plus Dow Jones components JPMorgan Chase (JPM) and Merck (MRK) — are among the best companies to watch on the stock market today.

Dow Jones Today: Oil Prices, Treasury Yields

Ahead of Tuesday’s opening bell, Dow Jones futures, along with S&P 500 futures and tech-heavy Nasdaq 100 futures, were little changed vs. fair value. On Monday, the 10-year U.S. Treasury yield ticked lower to 4.48%. And oil prices rose, as West Texas intermediate futures settled around $79.20 a barrel.

Stock Market Today: What To Do Now

Now is an important time to read IBD’s The Big Picture column amid the recent stock market gains. Following Monday’s action, be sure to check out today’s The Big Picture for an updated exposure level.

Conclusion

With little change in the Dow Jones, S&P 500, and Nasdaq 100 futures ahead of Tuesday’s open, investors are keeping a close eye on the upcoming Labor Department report on producer price index. Meanwhile, Nvidia and GameStop made significant moves, with the latter soaring after the return of Keith Gill, also known as “Roaring Kitty”.

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Gideon Wolf
Gideon Wolfhttps://en.coinotag.com/
GideonWolff is a 27-year-old technical analyst and journalist with extensive experience in the cryptocurrency industry. With a focus on technical analysis and news reporting, GideonWolff provides valuable insights on market trends and potential opportunities for both investors and those interested in the world of cryptocurrency.
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