The major US indices remain in negative territory for the second consecutive day. The S&P snapped its nine day win streak yesterday.

A snapshot of the market currently shows:

  • Dow industrial average -296.55 points or -0.72% at 40922.98.
  • S&P index -25.78 points or -0.46% at 5624.64.
  • NASDAQ index -92.57 points or -0.52% at 17752.38.

Both the S&P and the NASDAQ indices have been able to stay above their 50-hour moving average. The current rising 50 hour moving average for the S&P is at 5592.28 and for the NASDAQ index, 17607.38. Staying above those levels keeps the buyers and firm control.

Earnings after the close include supermicro computer. Recall from last week they lowered their estimates for EPS and revenue. AMD and Ruby and will also report after the close.

Tomorrow morning, Uber, Walt Disney, Unity Software will be announcing before the open:

For the rest of the week:

Wednesday (May 8)

After the Close:

  • Applovin

  • Carvana

  • Arm Holdings

  • Cleveland-Cliffs

  • DoorDash

  • Dutch Bros

Thursday (May 9)

Before the Open:

  • Peloton

  • Shopify

  • ConocoPhillips

  • Warner Bros. Discovery

  • Crocs

After the Close:

  • The Trade Desk

  • Coinbase

Source: Forex Live