- Dow Jones futures, S&P 500 futures, and Nasdaq futures will open Sunday evening.
- The stock market rally briefly hinted at a potential pause as megacaps Meta Platforms (META), Google parent Alphabet (GOOGL), and Nvidia (NVDA) faltered somewhat. Despite this, a broad-based advance roared into Friday’s close amid mounting Fed rate-cut hopes.
- The Dow Jones hit a 52-week high, S&P 500 set a 2023 closing high, and Nasdaq not far behind. The Russell 2000 finally blasted above a key level as several other breadth indicators flashed green, suggesting the market rally is transforming into a broader advance.
- Investors can choose to add exposure and diversify beyond AI-focused plays, even as many techs continue to do well. Arm Holdings (ARM), United Rentals (URI), D.R. Horton (DHI), TopBuild (BLD), InterContinental Hotels (IHG), Marriott Worldwide (MAR), and Palantir Technologies (PLTR) are all flashing buy signals.
- Several stocks such as DHI, Nvidia, and Meta are on the IBD Leaderboard and watchlist, suggesting strong potential.
- Late Friday, S&P Dow Jones Indices announced that Uber Technologies (UBER) will join the S&P 500 index on Dec. 18. Dow Jones Futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures. Overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next stock market session.
- The stock market rally enjoyed a fifth consecutive weekly gain on the major indexes, with the Dow Jones Industrial Average, S&P 500 index, and the Nasdaq composite all showing significant advances.
- Despite megacaps muting Nasdaq gains and some tech titans taking a breather, various other sectors and small cap stocks gained momentum, providing reasons to be bullish.
Many growth ETFs, including IGV, ARK Innovation ETF, and SPDR S&P Metals & Mining ETF, experienced significant gains last week, with various stocks displaying strong buy signals. The broadening rally highlights the importance of diversification and keeping track of emerging sectors and stocks. Follow stock market updates and more on Twitter and other social media platforms.
