Stock Markets to Open Down Today

For Tuesday, the stock markets are falling as the traders come out of the long weekend.

Even though stocks are dropping across Nasdaq Composite, Dow Jones, and S&P 500, stocks are still close to all-time highs. A minor dip here and there will not erase those highs that long-term traders are hoping to keep benefitting from.

One of the driving stocks for a high market is Nvidia’s (NVDA), which rose more than 100 points over the last month. It gained 21% in that period on the back of increased interest for artificial intelligence components, which include the company’s AI processing chips.  

Another major mover is the Disney (DIS) stock, which was rapidly climbing after a better than expected annual sales report. Now that this news is behind us, the Disney stock is flattening out. It could still be an excellent long-term investment, though, especially if Disney manages to post great quarterly earnings.

Walmart (WMT) stock shot up as well over the last few weeks. Even today, the stock was climbing, but then began declining as some markets opened. Like Disney, Walmart’s stock has done well recently because of sales data that showed the retail giant performing very well and expecting a good first quarter for 2024.

What Factors Will Be Affecting the Stocks This Week?

Upcoming data that will feed into the stock markets and inform movements include inflation and interest rates. As these move, the stock market will react. Look out for the Federal Reserve meeting on Wednesday to see if there are hawkish or dovish notes there that could give the markets some momentum. The Fed may mention when it plans to cut interest rates and by how much. Even that mention will drive stock market prices at least a little bit.

The Dow Jones is down 145 points today, falling 0.37%. S&P 500 fell 0.48%, and the Nasdaq Composite is so far down 0.82%.