Outlook 03/05: U.S. stock futures slip after Nasdaq retreats from record. Monday’s slides pulled the technology-heavy Nasdaq Composite off record highs, even as high-flying AI winner Nvidia advanced. AMD shares traded 1.5% lower after Bloomberg reported the chipmaker hit a regulatory snag that will prevent it from selling an artificial intelligence chip to China. Apple fell more than 2% on the back of a report that found iPhone sales plunged in China in the first six weeks of 2024. On the data front, the factory orders and ISM Services Index are scheduled for release Tuesday morning.
/ESH24 (MAR 2024): YVAH 5145 YPOC 5141 YVAL 5136 GAP 5134.75
/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving below value/range, so these're the opening and initial balance options for today:
