Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla stock, Apple (AAPL), Caterpillar (CAT) and a new solar IPO are in or near buy zones.
The stock market rally staged a dramatic turnaround late in the week, with the S&P 500 and Nasdaq composite rebounding from key tests Thursday morning to top resistance levels on Friday. A large number of leading stocks flashed buy signals.
The market rally still needs to hold and extend recent gains, but investors should be looking to add exposure again.
Recent solar IPO Nextracker (NXT) broke out Friday, while Dow Jones giant Caterpillar (CAT), EV chip play On Semiconductor (ON), Royal Caribbean (RCL) and Chinese e-commerce giant PDD Holdings (PDD) are all flashing early or aggressive entries.
Tesla (TSLA) continues to pause near a potential breakout, while Apple stock reclaimed key levels, possibly offering an early entry.
The video embedded in the article analyzed a pivotal week for the market, while also reviewing NXT stock, Alteryx (AYX) and Caterpillar.
Nextracker and AYX stock are on IBD Leaderboard. CAT stock is on the IBD Big Cap 20. Nextracker was Friday’s IBD Stock Of The Day. The latest New America profiles AYX stock.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET, along with 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
Stock Market Rally
The stock market rally traded tightly to start the week, ducked lower at Thursday’s open but then roared back to close with robust gains.
The Dow Jones Industrial Average bounced 1.75% in last week’s stock market trading. The S&P 500 index rose 1.9%. The Nasdaq composite jumped 2.6%. The small-cap Russell 2000 popped 2%.
The 10-year Treasury yield rose 1 basis point to 3.96%, but after tumbling 11 basis points on Friday. The 10-year yield hit 4.09% at Thursday’s high. Fed chief…