Dow Jones futures fell slightly Sunday night, along with S&P 500 futures and Nasdaq futures.
X
The stock market rally had another big week, with the Nasdaq running higher amid major news from the latest Fed outlook to the jobs report to massive earnings from Apple (AAPL), Meta Platforms (META) and more.
Don’t be surprised to see a market pullback after the big gains in recent weeks, with Tesla (TSLA) and Apple stock up strongly yet again. Friday may have been the start of a pullback, with Amazon.com (AMZN) plunging on its weak earnings and outlook. But with the uptrend showing more signs that it’s more than a bear market rally, investors can continue to gradually add exposure over time.
Dow Jones giant Microsoft (MSFT), lithium and fertilizer giant SQM (SQM), auto parts maker Autoliv (ALV), Pure Storage (PSTG) and Freeport-McMoRan (FCX) are stocks near buy points.
Microsoft, Autoliv and FCX stock already have earnings out of the way, while SQM and PSTG stock aren’t due for several weeks. MSFT stock is on IBD Long-Term Leaders.
Onsemi (ON), formerly ON Semiconductor, reports early Monday. The EV-focused chipmaker surged 9.8% this past week, breaking out of a cup base to a new high. But ON stock is now extended.
The video embedded in this article reviewed the strong market action and analyzed Regeneron Pharmaceuticals (REGN), Microsoft and ALV stock.
Dow Jones Futures Today
Dow Jones futures fell 0.2% vs. fair value. S&P 500 futures declined 0.3% and Nasdaq 100 futures sank 0.3%.
The 10-year Treasury yield rose 3 basis points to 3.56%.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Stock Market Rally
The stock market rally shook off a weak Monday for a generally strong week.
The Dow Jones Industrial Average dipped 0.2% in last week’s stock market trading. The S&P 500 index rose 1.6%. The Nasdaq composite jumped 3.3%. The small-cap Russell 2000 sprinted 3.9%…
..
