Dow Jones futures were little changed after hours, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell’s big Jackson Hole speech on tap.
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The stock market rally attempt had an ugly session Thursday, with the major indexes all reversing lower after hitting resistance near the 50-day line, closing near session lows.
Nvidia (NVDA) essentially erased its big initial gains on its blowout earnings, while many other AI stocks reversed lower to varying degrees, including MRVL stock, Broadcom (AVGO), Adobe (ADBE), Palantir Technologies (PLTR), C3.ai (AI) as well as server maker Super Micro Computer (SMCI).
Earnings
Marvell Technology (MRVL), Workday (WDAY) and Intuit (INTU) reported earnings after the close.
MRVL stock fell solidly in late trade as Marvell earnings eked past views. That followed a big downside reversal in Thursday’s session.
WDAY stock rose…
