The coming week is going to be an eventful one for investors, with Dow Jones futures, S&P 500 futures, and Nasdaq futures seeing modest gains. The stock market’s recent rally has been mixed, with the Dow Jones and S&P 500 seeing minimal changes, while the Nasdaq and Russell 2000 took a hit and fell below their 21-day moving averages.
Nvidia Partners Super Micro Offering Prices: Fed Earnings Report Coming for Dow Jones Futures
Early Wednesday, S&P 500 futures, Nasdaq futures, and Dow Jones futures were little changed. On Wednesday afternoon, the Federal Reserve will conclude its two-day meeting, with the Fed increasing its forecast for further rate cuts. Super Micro, Intel, and Chipotle were featured in the news.
Tuesday’s modest gain in the stock market came after early losses, particularly for the Nasdaq.
Following its significant AI event, Nvidia (NVDA) initially declined but then rose modestly. Several other AI equities pared losses or even saw gains. However, Super Micro Computer (SMCI) declined due to a planned share offering, while Advanced Micro Devices (AMD) made a strong comeback.
SMCI stock continued to slide early on Wednesday after offering pricing overnight.
On Wednesday night, Micron Technologies (MU) reported its fiscal Q2 earnings, which will also have an impact on AI. Microsoft (MSFT) is hosting an AI event this Thursday.
Investors should remain cautious until the Fed meeting and Fed Chairman Jerome Powell’s press conference.
Despite a slight gain from Intel, Dow Jones futures were down 0.1% relative to their fair value today. S&P 500 futures fell. Nifty 100 futures saw a gain of 0.15%.
Remember that trading in Dow futures and other markets during the overnight period may not correspond to actual trading during the next regular session of the stock market.
federal reserve meeting
One of the key events on the horizon is the Federal Reserve meeting on Tuesday-Wednesday. During this meeting, policymakers will provide their latest projections for a Fed rate cut, which will be announced on Wednesday afternoon, March 20. The results of this meeting are expected to have a significant impact on the financial markets.
Which organizations are going to be in the Dow Jones?
The organizations that will be part of the DJIA as of March 2024 are listed as per the table below.
| Company | Symbol of Comp. | Year |
| Amazon | AMZN | 2024 |
| American Express Co | AXP | 1982 |
| Amgen | AMGN | 2020 |
| Apple Inc | AAPL | 2015 |
| Boeing Co | BA | 1987 |
| Caterpillar Inc | CAT | 1991 |
| Cisco Systems | CSCO | 2009 |
| Chevron Corp | CVX | 2008 |
| Goldman Sachs Group | GS | 2013 |
| Home Depot Inc | HD | 1999 |
| Honeywell International Inc | HON | 2020 |
| International Business Machines Corp | IBM | 1979 |
| Intel Corp | INTC | 1999 |
| Johnson & Johnson | JNJ | 1997 |
| Visa Inc | Visa Inc | 2013 |
| Verizon Communications Inc | VZ | 2004 |
| Salesforce Inc | CRM | 2020 |
| UnitedHealth Group Inc | UNH | 2012 |
| Travelers Companies Inc | TRV | 2009 |
| Procter & Gamble Co | PG | 1932 |
| Nike Inc | NKE | 2013 |
| Microsoft Corp | MSFT | 1999 |
| Merck & Co Inc | MRK | 1979 |
| 3M Co | MMM | 1976 |
| McDonald’s Corp | MCD | 1985 |
| JP Morgan Chase & Co | JPM | 1991 |
| Coca-Cola Co | KO | 1987 |
| Walmart | WMT | 1997 |
| Walt Disney Co | DIS | 1991 |
| Dow Inc | DOW | 2019 |
Nvidia’s GTC conference
Starting Monday, Nvidia will host a four-day GTC conference. The event is highly anticipated, with it expected to see the unveiling of a new AI chip and several other AI-related announcements. Given Nvidia’s dominant position in the AI field, these announcements could have a significant impact on the market.
era of Microsoft’s work
On March 21st, Microsoft will be hosting their New Era of Work event, where they will be showcasing their latest AI features and more. As a major player in artificial intelligence, Microsoft’s announcements and partnerships could also have a significant impact on tech stocks.
impact on tech stocks
The announcements from Nvidia and Microsoft are particularly important for the AI rally, especially after Adobe’s guidance led to a selloff in software stocks. The market will be closely watching how these announcements impact tech giants like AMD, SMCI, ARM, ANET, NOW, ORCL, GOOGL and others.
What exactly is Dow Jones?
The prices of the thirty most traded equities on the Nasdaq and the New York Stock Exchange (NYSE) are combined to create the Dow Jones Industrial Average. This index helps investors determine the general trend of stock prices.
Why is this company named Dow Jones?
Because Charles Dow and Edward Jones of Dow Jones & Company invented the Dow Jones Industrial Average, it is also known as the Dow Jones Industrial Average.
The DJIA, or Dow Jones Industrial Average,
It’s easy to mistake the Dow Jones Industrial Average (DJIA) for the Dow Jones. The DJIA, also known as “the Dow” is a highly monitored stock index that includes major corporations including Apple, Boeing, Microsoft, and Coca-Cola.
At its founding, the DJIA consisted of only 12 enterprises, most of which were in the industrial sector. Eventually, it expanded to thirty companies. The original businesses were related to railroads, oil, sugar, tobacco, cotton, and gas. The DJIA is an important indicator of the state of the economy as a whole because the performance of industrial enterprises is often equal to the performance of the overall economy.
What does Dow Jones mean in the stock market?
One indicator of the general trend of the stock market is the Dow Jones Industrial Average or simply the Dow. Includes the prices of the thirty most actively traded stocks. When the Dow rises it is considered optimistic and most stocks often perform well. It is negative, and most equities lose money when the Dow declines.
Buying Opportunities and Market Analysis
While there were buying opportunities in stocks like Microsoft, Oracle, Google and ServiceNow during the week, the current decline and upcoming events suggest that investors may want to hold off on new buying in the short term. Nvidia, ARM and ServiceNow are currently on the IBD Leaderboard, while Microsoft is on the IBD Long-Term Leaders list.