Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with Nvidia (NVDA) earnings and a big speech from Fed chief Jerome Powell ahead.
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Palo Alto Networks (PANW) reported Friday night.
The stock market fell into a correction last week, as the key indexes tumbled below their 50-day lines and leading stocks broke hard with Treasury yields surging to 15-year highs. The indexes did bounce off lows Friday as the 10-year yield fell back, but the picture hasn’t fundamentally changed.
Friday could just be a short-term bounce. Investors should wait for sustained strength. Nvidia’s earnings and Fed chief Powell’s Jackson Hole speech could be market catalysts, but which way?
Investors should be defensive during the market correction, but looking for stocks that are holding up relatively well. Arista Networks (ANET), Diamond Offshore (DO), Commercial…
