Dow Jones Futures Signal Market Rally Before Fed Chief Powell; Tesla Shows Bullish Action
Dow Jones futures rose slightly Friday morning, along with S&P 500 futures and Nasdaq futures. Marvell Technology (MRVL), Peloton Worldwide (PTON) and Bill.com (BILL) were among the big earnings overnight.
The stock market rally fell modestly Thursday, ending a winning streak, ahead of Fed chief Jerome Powell’s much anticipated speech on Friday.
Tesla (TSLA) retreated slightly on Thursday. Tesla CEO Elon Musk said FSD Beta could open up broadly in just four weeks. But amid a variety of headlines, good and bad, often regarding Autopilot or Full Self-Driving, Tesla stock has had relatively tight daily and weekly closes.
CrowdStrike (CRWD), Palo Alto Networks (PANW) and other security software makers continued their strong run, after Microsoft (MSFT), Google (GOOGL) and others pledged big spending on cybersecurity after a White House summit on the subject.
CRWD stock, which…