Stock index futures are currently trading slightly below fair value, while commodities present a mixed picture. Crude oil prices have edged higher, whereas gold has declined by over $30 in the premarket.
As we approach month-end, we anticipate a relatively quiet trading day. This quietude coincides with the commencement of the Federal Reserve's two-day meeting.
In today's presentation, I will examine several Dow 30 stocks. Over the past month, only nine of these stocks have posted gains. Echoing trends in the Canadian market, the standout performer among these is a commodity stock, Chevron (NYSE:CVX).
Conversely, major technology stocks on the Dow, such as Intel (NASDAQ:INTC), IBM (NYSE:IBM), and Salesforce, are underperforming.
Financial stocks continue to face challenges across North America. Their future trajectory might become clearer following the conclusion of the Fed meeting.
Tesla (NASDAQ:TSLA) was a notable performer on Monday, with its stock price nearly reaching the $200 mark.
This content was originally posted on the Stock Market Timing YouTube Channel