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Nasdaq, S&P 500 Futures Firm Up As Nvidia Poised To Lead Tech Rebound: Expert Says 'A Major Gaffe By One Of The Candidates' In Presidential Debate Could Alter Market Trajectory
The U.S. stocks could be primed for another mixed session on Tuesday, with techs looking poised for a bounce back from the previous session’s losses. Nvidia Corp. (NASDAQ:NVDA) could lead from the front, with the stock climbing over 2% in the premarket. The spotlight is likely to be on a couple of speeches by Federal Reserve officials and a consumer confidence reading.
Traders may, all the same, prefer staying on the sidelines as they look ahead to the back-end loaded economic calendar and the first presidential debate to be hosted late Thursday. Fund manager Louis Navellier sees the recent market pullback as a blessing in disguise. “For now, the bull market continues, and a stalling of the leaders finds investors turning to bargain shopping and broadening the breath, a healthy development,” he said.
Futures
Performance (+/-)
Nasdaq 100
+0.43%
S&P 500
+0.16%
Dow
-0.13%
R2K
+0.09%
In premarket trading on Tuesday, the SPDR S&P 500 ETF Trust (NYSE:SPY) gained 0.18% at $543.74 and the Invesco QQQ ETF (NASDAQ:QQQ) rose 0.43 at $476.02, according to Benzinga Pro data.Cues From Last Session:
Tech stocks led the retreat by the Nasdaq Composite and the S&P 500 indices on Monday, while the Dow Jones Industrial ...