Dow Jones futures will open for trading on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continued to strengthen, with the S&P 500 index and Dow Jones hitting record highs while the Nasdaq delivered a second straight strong weekly gain.
After weeks of wondering if a split market rally would survive, the Dow Jones and S&P 500 are at risk of becoming extended, raising the odds of a pullback.
Floor & Decor (FND), Square (SQ), JPMorgan Chase (JPM), Mosaic (MOS) and Apple (AAPL) supplier Skyworks Solutions (SWKS) are stocks in or near buy zones that offer some portfolio diversity amid a still-tricky market rally.
Megacap techs were big winners, with Microsoft (MSFT), Facebook (FB) and Google parent Alphabet (GOOGL) breaking out while Apple stock and Amazon.com (AMZN) jumped as they try to shake off months of sluggish action.
All five stocks are S&P 500 and Nasdaq members, with Apple stock and Microsoft also Dow components. So when these giants get going, the major indexes do too.
Chinese regulators imposed a$2.8 billion antitrust fine vs. Alibaba (BABA) for abusing its market dominance over merchants and rivals. The record penalty vs. Alibaba comes amid unprecedented scrutiny vs. the Chinese e-commerce giant and its founder Jack Ma.
Dow Jones Futures Today
Dow Jones futures will open at 6 pm. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures xxx.
Coronavirus cases worldwide reached 135.65 million. Covid-19 deaths topped 2.93 million.
Coronavirus cases in the U.S. have hit 31.81 million, with deaths above 574,000.
Stock Market Rally Last Week
U.S. Stock Market Today Overview
Last Update: 4:12 PM ET 4/9/2021
The stock market rally had another strong week, with the major indexes closing on a high note.
The Dow Jones Industrial Average rose almost 2% in last week’s stock market trading while the S&P 500 index climbed 2.7%, both hitting record highs. The Nasdaq composite, after reaching its 50-day line in the prior week, rallied 3.1% in the latest week, surging past its March short-term highs. The big-cap Nasdaq 100 jumped 3.9% to an all-time closing high.
The laggard was the Russell 2000, which fell 0.5%, but held above its 50-day line.
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