Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally last week went nowhere — fast. The major indexes tumbled on Monday, but then roared back, with a slew of leading stocks flashing buy signals.
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Bottom line: The stock market rally is back in a confirmed uptrend.
Tesla stock broke out past a proper buy point on Friday. Tesla has now released FSD Beta request button, letting Full-Self Driving owners or subscribers opt in, after a seven-day wait period. Tesla (TSLA) pushed back the release of FSD Beta 10.1, its latest tweak to the driver-assist software, by a day to Saturday night.
Meanwhile, Microsoft stock, Advanced Micro Devices (AMD), and Google parent Alphabet (GOOGL) have rallied slightly from their 50-day and 10-week lines. AMD stock and Google are potentially actionable here or with a little more strength. Finally, Snapchat parent Snap (SNAP) broke out of a flat base on Friday after already flashing an early entry.
Tesla stock, Microsoft, Google and Snap are on IBD Leaderboard. Microsoft (MSFT) and Google stock are on IBD Long-Term Leaders. Snap stock is on SwingTrader. GOOGL stock and Snap are on the IBD 50. AMD stock and Google are on the IBD Big Cap 20.
The video embedded in this article analyzes a pivotal week for the market rally, while also discussing Tesla, Snap and Costco Wholesale (COST).
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday. So will S&P 500 futures and Nasdaq 100 futures.
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
Coronavirus News
Coronavirus cases worldwide reached 232.02 million. Covid-19 deaths topped 4.75 million.
Coronavirus cases in the U.S. have hit 43.66 million, with deaths above 705,000.
New cases are falling sharply in the U.S. and worldwide, with deaths also declining.
Stock Market Rally
The stock market rally last week looked like it was buckling on Monday but rebounded bullishly as the week went on.
The Dow Jones Industrial Average rose 0.6% in last week’s stock market trading. The S&P 500 index climbed 0.5%. The Nasdaq composite closed a hair above flat. The small-cap Russell 2000 edged up 0.3%.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rose 2.1%, hitting all-time highs. The Innovator IBD Breakout Opportunities ETF (BOUT) popped 2.5%. The iShares Expanded Tech-Software Sector ETF (IGV) gained 1.3%, with Microsoft and Snap stock key components. The VanEck Vectors Semiconductor ETF (SMH) edged up 0.5%, with AMD stock a notable holding.
SPDR S&P Metals & Mining ETF (XME) fell 2.3%, as the sector has come under heavy pressure. The Global X U.S. Infrastructure Development ETF (PAVE) eked out a 0.35% gain. The U.S. Global Jets ETF (JETS) soared 6.8% in a big week for travel stocks. SPDR S&P…
Read More: Dow Jones Futures: Market Rally Takes Bullish Ride; 5 Stocks In Buy