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%
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 ...