Dow and Nasdaq Futures on the Rise as Stock Market Rebounds After 700-Point Drop

The stock market saw a volatile day of trading today, with the Dow, Nasdaq, and S&P 500 all closing down after a morning rally. The Dow Jones Industrial Average ended the day down 699.85 points, or 2.2%, at 30,932.36. The Nasdaq Composite fell 1.7%, while the S&P 500 declined 0.9%.

The market opened higher, with the Dow and S&P 500 both rising more than 1% in early trading, but the rally fizzled and stocks eventually turned lower. Investors were cautious after a sharp sell-off in the previous session, which saw the Dow lose more than 700 points.

The market was weighed down by disappointing earnings results from some big companies, including Home Depot and Baidu. Home Depot reported earnings that fell short of expectations, while Baidu posted a sharp drop in revenue.

The tech sector was also weak, with shares of Palo Alto Networks and ZipRecruiter both dropping more than 10% after the companies issued disappointing guidance.

The market also saw some bright spots, with shares of Lazard Ltd. and Panera Bread both surging more than 10% after the companies reported better-than-expected earnings.

Overall, it was a volatile day for the stock market, with investors uncertain about the near-term outlook.