Dow Jones Futures Fall; Nvidia Chipmaker Rises On Strong Sales As IPOs Reddit, Astera Labs Jump

Blockhead10-09

Dow Jones futures edged lower early Wednesday, along with those of the S&P 500 and Nasdaq 100, a day after all three indexes rallied. Despite the drop, Nvidia (NVDA) chipmaker Taiwan Semiconductor (...

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Despite the drop, Nvidia (NVDA) chipmaker Taiwan Semiconductor (...</p>\n\n<a href=\"https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-taiwan-semiconductor-reddit-astera-labs/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow Jones Futures Fall; Nvidia Chipmaker Rises On Strong Sales As IPOs Reddit, Astera Labs Jump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow Jones Futures Fall; Nvidia Chipmaker Rises On Strong Sales As IPOs Reddit, Astera Labs Jump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-09 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-taiwan-semiconductor-reddit-astera-labs/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow Jones futures edged lower early Wednesday, along with those of the S&P 500 and Nasdaq 100, a day after all three indexes rallied. Despite the drop, Nvidia (NVDA) chipmaker Taiwan Semiconductor (...</p>\n\n<a href=\"https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-taiwan-semiconductor-reddit-astera-labs/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALAB","symbol_name":"Astera Labs, Inc.","start_time":0,"source_url":"https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-taiwan-semiconductor-reddit-astera-labs/","article_id":"2474155240","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2019/10/stock-wall-street-flags-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474155240","pubTimestamp":1728478880,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Dow futures dipped after Tuesday's bounce. Nvidia chipmaker Taiwan Semiconductor posted strong sales. Recent IPO Reddit rose while AI play Astera Labs surged.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ALAB":"Astera Labs, Inc.","BA":"波音","TSM":"台积电","RDDT":"Reddit","GOOGL":"谷歌A","NVDA":"英伟达"},"translate_title":"道琼斯期货下跌；随着IPO Reddit和Astera Labs的上涨，Nvidia芯片制造商因销售强劲而上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALAB":1,"RDDT":1,"NVDA":0.9,"GOOGL":0.7,"TSM":0.7,"BA":0.6},"content_text":"Dow Jones futures edged lower early Wednesday, along with those of the S&P 500 and Nasdaq 100, a day after all three indexes rallied. Despite the drop, Nvidia (NVDA) chipmaker Taiwan Semiconductor (TSM) managed to report strong sales. Also, two recent IPOs, Astera Labs (ALAB) and Reddit (RDDT), rallied on the stock market today.\nMeanwhile, the Department of Justice may seek a breakup of Google-parent Alphabet (GOOGL). And Chinese stocks retreated again after tumbling in the prior session.\n\n\nRobinhood, Commvault, Eli Lilly Flash Buy Signals\" vid-repeat=\"1\" vid-top=\"\" vid-url=\"https://content.jwplatform.com/manifests/06fdlSyw.m3u8\" vid-width=\"100\">\n↑\nX\n\n\n\n\nNasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nNasdaq Leads Bounce; Robinhood, Commvault, Eli Lilly Flash Buy Signals\n\n\n\n\nFutures for the Dow Jones Industrial Average edged lower vs. fair value, along with S&P 500 futures. Nasdaq 100 futures declined 0.1%.\nThe 10-year Treasury yield was flat at 4.03%. At 2 p.m. ET, the Federal Reserve is due to release minutes from its September policy meeting.\nCrude oil prices were also flat after skidding 4.6% to $73.57 a barrel in the prior session.\nRemember that premarket action in Dow Jones futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.\nBoeing Talks Break Down; Insurers Await Milton\nBoeing withdrew its contract offer with striking workers as union talks broke down, with S&P Global warning it may downgrade the Dow Jones aerospace giant's credit rating to junk.\nShares of the Dow Jones component dropped 1.5% on the stock market today. Boeing stock has plunged 40.7% this year as of Oct. 8.\nElsewhere, insurers are in focus with Hurricane Milton bearing down on Tampa, Fla. The storm isn't expected to make landfall until Wednesday night. Further, damage may not be clear for a few days or more.\nInsurance stocks fell hard Monday, then bounced back somewhat on Tuesday.\nMeanwhile, Citigroup analyst James Hardiman raised a price target on Carnival (CCL), upgraded Norwegian Cruise Line (NCLH) and made bullish comments about Royal Caribbean (RCL).\nCarnival stock may test or clear a buy point as it rose more than 1% premarket. Norwegian Cruise could hit the top of its buy zone, with a gain of more than 3% before the bell. Already extended, Royal Caribbean climbed more than 2%.\n\nJoin IBD experts as they analyze leading stocks and the market on IBD Live\n\nTuesday's Action\nThe Dow Jones index rose 0.3% in Tuesday's stock market trading. The S&P 500 index jumped 1% while the Nasdaq composite leapt 1.5%. The small-cap Russell 2000 edged up 0.1%.\nA number of stocks flashed buy signals in Tuesday's session, including Nvidia.\n\nStock Market Today: Taiwan Semiconductor Sales\nTaiwan Semiconductor reported September sales surged nearly 40% vs. a year earlier in local currency, fueled by AI chip demand. That caps a strong third quarter for the world's largest contract chipmaker.\nTaiwan Semi stock rose less than 1% in premarket trade.\nShares edged up 0.8% to 186.05 in the prior session, slightly extended from a 175.45 cup-with-handle buy point. Investors could use the Sept. 26 high of 189.33 as an alternate handle or add-on entry.\nTaiwan Semiconductor is set to report third-quarter earnings on Oct. 17, with its outlook and capital spending plans key for the chip sector.\n\nCatch The Next Big Winning Stock With MarketSurge\n\nNvidia Extends Strong Run In Stock Market Today\nNvidia stock rose 1% in premarket trade.\nIn the prior session, Nvidia popped 4% to 132.88, moving above the Aug. 26 high of 131.26, which works as either an early entry or an awkward handle buy point. On Monday, Nvidia stock gained 2.3% to 127.78, clearing a trendline entry around 126 as well as the Sept. 26 short-term high of 127.67.\nAll told, shares have run up about 13.6% in a five-day win streak, which started with a bounce off the 50-day line.\nAlso, Nvidia stock is on IBD Leaderboard, SwingTrader and the IBD 50.\n\nIPO Astera Labs Vaults Above Entries\nAstera Labs spiked 14% to above 60 on the stock market today, after launching new fabric switches for artificial intelligence workloads. Shares are set to clear aggressive entries from breaking a trendline going back to April as well as a 55.50 short-term level.\nBut there is a lot of overhead resistance for the profitable AI play.\nAstera Labs stock held its initial public offering at 36 a share in late March, vaulting to a record 95.21 a few days later. But shares of the IPO quickly tumbled, falling to 36.22 on Aug. 7 and only rebounding in the last month.\n\nReddit Rises On Buy Rating\nJefferies initiated social media IPO Reddit with a buy rating and a 90 price target.\nReddit stock jumped more than 3% early Wednesday. Shares were already in range from a cup-with-handle buy point of 69.11. The 5% buy zone extends to 72.57.\nThe Reddit IPO came public at 34 in late March, hitting a record 78.08 on July 15.\nDOJ Mulls Google Breakup In Stock Market Today\nThe DOJ told a federal judge in a court filing that it may recommend a Google breakup as part of an antitrust remedy.\nThe Tuesday night court filing also said antitrust officials could recommend that Google open up its core data that it uses for research to conduct web searches as well as its artificial intelligence tools.\nGoogle stock fell 0.4% in premarket trade. Google stock has a 191.75 consolidation buy point, but investors might use the Oct. 1 intraday high of 169.16 as an aggressive entry.\nRead The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.\nPlease follow Ed Carson on X/Twitter at @IBD_ECarson  for stock market updates and more.\nYOU MAY ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nTime The Market With IBD's ETF Market Strategy\nHow To Invest: Rules For When To Buy And Sell Stocks In Bull And Bear Markets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2474155240"}