Dow Jones Futures Rise As Market Rally Faces Key Test
Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures.
The stock market rally had a mixed week but had a disappointing finish. The major indexes rose initially but hit resistance, with the Nasdaq leading losses Friday. Meanwhile, market breadth was weak. The Russell 2000 reversed lower toward 2023 lows. Tech leaders started strong, but backed off, sometimes violently.
All of this was an expectation breaker for the market rally. Investors should be cautious about new buys with the market rally struggling and earnings season picking up steam. Selling some recent buys may be warranted.
Tesla is set to report its worst earnings in two years, but TSLA stock has held up as bulls look to future possible growth drivers. $Tesla(TSLA.US$
Lam Research $Lam Research(LRCX.US$ and ASML $ASML Holding(ASML.US$ kick off results for chip-equipment makers, with huge customer Taiwan Semiconductor $Taiwan Semiconductor(TSM.US$ also reporting. ASML stock is struggling, but LRCX stock and fellow chip-gear giants Applied Materials $Applied Materials(AMAT.US$ , KLA Corp. $KLA Corp(KLAC.US$ are setting up.
Oil-services giant SLB (SLB) kicks off energy earnings with energy stocks showing renewed strength. SLB stock is close to an early entry.
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Domin M Adam : I am going to try to sell some of Dow Jones I a lot of stock, and if you might not, someone who needs some, please let me know, and thanks for your time
Domin M Adam : I can be good for me to keep it