Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.
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The stock market rally cleared some major resistance in the past week. The major indexes had solid gains, responding bullishly to uneven earnings reports and economic data. Leading stocks acted well, with breakouts and buy points continuing to work.
Since the Jan. 6 follow-through day, the market rally has shown robust gains. In fact, the advance suggests this uptrend could be a “moneymaker” or even a “life-changing” rally, according to one noted growth investor.
So investors should be taking advantage of the opportunities. But do so carefully. The market rally is around key levels, while it’s another big week for news.
Apple (AAPL), Google parent Alphabet (GOOGL), Amazon.com (AMZN), Facebook parent Meta Platforms (META) are all on tap, as well as hundreds of other companies. Apple stock and these other tech titans are rebounding strongly, but have a lot of repair work. Still, their earnings and guidance will be key for the market rally as well as many other tech stocks.
The Federal Reserve holds its policy meeting this coming week, with another rate hike expected on Feb. 1. The big question is when Fed chief Jerome Powell and his colleagues call a halt to further rate increases.
Tesla (TSLA) skyrocketed on mixed earnings as CEO Elon Musk was bullish about the future. TSLA stock soared from its Jan. 6 bear market low, but isn’t yet offering a buy point.
Meanwhile, Tesla…
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