Dow Jones futures will begin trading Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market fell into a correction last week, with Friday’s advance the first day of a market rally attempt. The Senate passed the $1.9 trillion Biden stimulus plan on Saturday, with the House set to approve the legislation next week.
A market correction offers a chance for stocks to set up in bullish bases. As the world shifts from a coronavirus pandemic and shutdowns to a more-normal economy, there could be a big shift in the next stock market rally. Tesla (TSLA), Teladoc Health (TDOC) and Zoom Video Communications (ZM) have had monster runs over the past year. Perhaps they and other big winners will make another run, but for now they look damaged.
Disney, Google Stocks To Watch
For now, wait for confirmation that a new stock market rally attempt has legs. Be prepared by working on your watch lists. Walt Disney (DIS), Microsoft (MSFT), Vale (VALE), Five Below (FIVE) and Google parent Alphabet (GOOGL) are five stocks near buy points that are worth considering for your watch list.
California announced late Friday that theme parks and stadiums can reopen with limited capacity starting April 1. Disney stock, which had closed in buy range, jumped late Friday, but might still be actionable on Monday.
Fellow Dow Jones giant Microsoft is near a buy point. So are Vale, Five Below and Google stock.
Biden Stimulus Deal
The Senate passed the $1.9 trillion Biden stimulus plan on Saturday. That followed a late Friday deal on extended jobless benefits. House Majority Leader Steny Hoyer said the House plans to vote Tuesday on the Senate version of the Biden stimulus plan. It’ll then go to President Joe Biden to sign.
Passing the Biden stimulus plan could give the stock market a lift, especially real economy names. Then again, the stimulus plan may already be priced in.
Dow Jones Futures
Dow Jones futures will open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
Coronavirus cases worldwide reached 117.05 million. Covid-19 deaths topped 2.59 million.
Coronavirus cases in the U.S. have hit 29.65 million, with deaths above 537,000.
U.S. coronavirus vaccinations hit 2.9 million on Saturday, easily beating the old record of 2.4 million.
Stock Market Last Week
U.S. Stock Market Today Overview
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