Dow Jones futures and S&P 500 futures remained relatively stable ahead of Tuesday’s stock market open, with Palantir Technologies experiencing a significant surge in its stock value following a positive earnings report. Palantir jumped over 18% after reporting earnings per share of 8 cents, in line with estimates, and revenue of $608.4 million. Meanwhile, Tesla experienced a steep decline, plunging to new recent lows, while NXP Semiconductor saw a 3% rally in extended trading after reporting strong earnings and sales results. The overall Dow Jones Industrial Average fell by 0.7%, and the S&P 500 and Nasdaq composite also experienced declines.
In additional late Monday news, NXP Semiconductor, a supplier for Apple, experienced a 3% rally, while Tesla reported a dive to new recent lows. Monday’s stock market action saw Tesla as the biggest loser, down 3.65%, while Nvidia rallied 4.8% to record highs. The day also saw mixed trading for Dow Jones Tech icons Apple and Microsoft, with the former experiencing a 1% climb and the latter a decline of 1.35%. Confirmed uptrends and updated exposure levels in the stock market outlook are crucial reads at this time.
The downward trend of Tesla stock continued on Monday, with a fall of 3.65%, further declining to its lowest level since May 2023, while shares stayed around 40% off their 52-week high. Meanwhile, Apple climbed 1% and Microsoft stock declined by 1.35%. Recommending a consistent daily check of bullish patterns and buy points, the article concluded by highlighting the best stocks to watch in Monday’s stock market, including Lennar, Merck, KKR, and MongoDB.