What’s likely to move the market in the next trading session

What’s likely to move the market in the next trading session

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Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. 

Michael M. Santiago | Getty Images

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Here’s what CNBC TV’s producers were watching on Monday and what’s on the radar for Tuesday’s session.

Dow closes at all-time high

  • The index is now up 9.4% so far this year.
  • The Dow is up 6.56% since its close on Aug. 5, the day the market sold off recently.
  • August leaders in the Dow include: Nike, up 12.6%; Walmart, up 11%; and McDonald’s, up 9%.
  • At the bottom: Intel, down 35%; Boeing, down 9%; and Chevron, down 7.5%.
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Dow Jones Industrial Average over the past month.

SpaceX readies for Polaris Dawn mission

  • CNBC TV’s Morgan Brennan will report on the Polaris Dawn mission, which is expected to launch Tuesday, in SpaceX’s Falcon 9 rocket.
  • While SpaceX is a privately held company, there are ways for retail investors to get involved.
  • Cathy Wood’s ARK Venture Fund (ARKVX) is 11.5% SpaceX. The fund is 6.5% from its December high and flat in the last week, month and three-month periods.
  • Ron Baron’s Baron Focused Growth Fund (BFGIX) is 10% SpaceX. It is just off the July high. It is pretty much flat in August, but up 8% in three months.

S&P Case-Shiller on tap

Nordstrom reports Tuesday afternoon

  • The department store is flat since last reporting three months ago.
  • The stock is 9.8% from the July 17th high.
  • Another department store, Dillard’s is down 21% in three months.
  • Macy’s is down 22% in three months.
  • Kohl’s is down 25% in three months.
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Nordstrom shares year to date.

Nvidia… 48 hours away

  • Nvidia releases numbers after the bell Wednesday.
  • The stock is 10% from the June 20th high.
  • It is up 8% in August and 155% in a year.
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Nvidia shares over the past three months.

XPeng vs. Tesla

  • We’re expecting to hear details from Chinese carmaker XPeng about a new car they hope will compete with Tesla‘s Model 3.
  • XPeng is down 11.8% in a month. The stock is 62% from its September high.
  • Tesla is down 3% in a month, the stock is 23.5% from its 52-week high, which was also in September.
  • CNBC TV’s Eunice Yoon will have the story from China.

Sectornomics

  • Dominic Chu focuses on industrials tomorrow on CNBC TV.
  • The S&P Industrials sector is up 13% in 2024.
  • That ranks 8th out of the 11 S&P sectors.
  • In the last 12 months, industrials are up 21%.
  • Howmet is the leader in the sector this year, up nearly 79%.
  • GE Aerospace is up 68% this year.
  • 3M is up 44% in 2024.
  • GE Vernova, Boeing and American Airlines are the sector’s biggest laggards.

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