Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally continues to shrug off warning signs, with the major indexes hitting fresh record highs.
The market is at heightened risk of a pullback, but investors should also be on watch for the major indexes and leading stocks to rev higher. A melt-up phase means rapid portfolio gains, but the end usually comes even faster.
So this is a time for investors to stay alert and be prepared so you can act decisively.
One possible trigger for a melt-up would be if tech titans Apple (AAPL), Adobe (ADBE) and Amazon stock lead or at least join the market rally. Apple stock has held up the best, but Amazon.com (AMZN) and Adobe are also close to possible buy points.
Dow Jones Futures Today
Dow Jones futures will open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Futures will trade for much of Monday as well, but U.S. stock exchanges will be closed for the Presidents Day holiday.
Coronavirus cases worldwide reached 108.72 million. Covid-19 deaths topped 2.39 million.
Coronavirus cases in the U.S. have hit 28.10 million, with deaths above 492,000.
Stock Market Rally Last Week
U.S. Stock Market Today Overview
Last Update: 4:22 PM ET 2/12/2021
The stock market rally continued with solid gains last week after the prior week’s powerful rebound.
The Dow Jones Industrial Average rose 1% in last week’s stock market trading, after a 3.3% gain in the prior week. The S&P 500 index climbed 1.2% after a 4.65% jump in the week before. The Nasdaq composite rallied 1.7% last week, building on a 6% surge.
Growth stocks had a strong week.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rallied 5.5%, while the Innovator IBD Breakout Opportunities ETF (BOUT) climbed 2.9%. The iShares Expanded Tech-Software Sector ETF (IGV) advanced 2.3%. The VanEck Vectors Semiconductor ETF (SMH) soared 8.2% in a huge week for many chipmakers and equipment makers.
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