Stock market today: Nasdaq futures rise, Dow slips as earnings rush fills wait for Big Tech results

Published On Oct 30, 2024, 7:32 AM

On October 30, 2024, the stock market presented mixed results with Nasdaq futures rising while Dow Jones slipped. Positive earnings from Alphabet significantly influenced investor sentiment, particularly regarding upcoming big tech earnings from firms such as Meta and Microsoft. Analysts highlight that the performance of these companies will be crucial for overall market trends amidst a week heavy with economic data releases, including GDP statistics and labor market reports.

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Stock Forecasts

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Positive

Given the optimistic outlook for tech earnings and Alphabet's solid results, investor confidence in tech stocks is likely to surge. Meta (META) and Microsoft (MSFT) are poised to report earnings soon, which could further propel tech-driven momentum in the market.

DIAView DIA chart on TradingView

Negative

With a mixed start for the Dow and ongoing pressure from broader economic concerns, particularly around job openings and rate hike speculations, overall investor sentiment might be cautious, leading to a potential downturn in Dow-related equities.

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