Dow Jones futures will open on Sunday evening along with S&P 500 futures and Nasdaq futures.
The stock market rally went on a true roller-coaster ride last week, with some volatile daily action only to end about where it started. The Dow Jones, S&P 500 and Nasdaq composite closed with fractional losses while the small-cap Russell 2000 edged higher.
The market rally will likely take its cue this coming week from a deluge of earnings reports. Tesla (TSLA) kicks off earnings on Monday, with Google parent Alphabet (GOOGL), Microsoft (MSFT), Apple (AAPL), Facebook (FB) and Amazon.com (AMZN) also due this week.
These earnings reports alone with have a big impact on the stock market rally. All six stocks are on the S&P 500 and Nasdaq, with the Apple and Microsoft stock on the Dow Jones Industrial Average.
Apple stock has a $2.25 trillion market cap, with Microsoft, Amazon and Google each worth more than $1.5 trillion. All told, these six stocks have a market cap of just over $9 trillion. Plus, their results will have major implications for rivals, customers and suppliers.
Tesla stock has a cup-with-handle buy point. Amazon stock also has formed a handle in a long consolidation. Facebook stock is just above an initial buy point, though it has some alternate entries as well. Apple stock and Google have tight patterns, though it’s not clear if either is actionable. MSFT stock is consolidating at record highs.
Dow Jones Futures Today
Dow Jones futures will open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Coronavirus cases worldwide reached 146.22 million. Covid-19 deaths topped 3.09 million.
Coronavirus cases in the U.S. have hit 32.73 million, with deaths above 585,000.
Stock Market Rally Last Week
The stock market rally had ups and downs, but finished with minimal weekly changes.
The Dow Jones Industrial Average dipped 0.5% in last week’s stock market trading. The S&P 500 index edged down 0.1%. The Nasdaq composite lost 0.25%. The Russell 2000 gained 0.5%
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 1.6%, rebounding from steep losses during the week, while the Innovator IBD Breakout Opportunities ETF (BOUT) gained 1.2%. The iShares Expanded Tech-Software Sector ETF (IGV) sank 0.7%, even with top component MSFT stock edging higher. The VanEck Vectors Semiconductor ETF (SMH) retreated 1.3%.
Tesla stock fell 1.4% to 729.40 last week, but found support at its 21-day and 50-day lines….
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