Nvidia, Lucid, Nike, and More Stocks That Explain Today's Market

Dow Jones10-06 16:57

Stock futures were rising on Tuesday as the tech rally that just drove the Nasdaq Composite to its 23rd record high of 2026 rolled on.

Nvidia climbed 0.9% to $241.05 ahead of the opening bell. The chip maker hit an all-time closing high of $298.90 on Monday, powered higher by strong results from its AI server partner Foxconn.

Lucid Group edged up 0.2% after the electric vehicle manufacturer said it delivered more vehicles than it produced again in the third quarter. Lucid is trying to reduce inventory as part of an operating reset targeting $1.4 billion in cash flow improvements.

Nike dropped 1.3%. The sportswear retailer's shares have taken a battering this year, slumping 47% through Monday's close, and the weak guidance it issued last week failed to reassure investors.

Frozen french fries maker Lamb Weston and coatings and sealants company RPM International are set to report earnings ahead of Tuesday's opening bell. Constellation Brands, Neogen, Penguin Solutions, and Worthington Steel are due up after the close.

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