From Investor’s Business Daily:

Dow Jones futures rose slightly along with S&P 500 futures and Nasdaq futures after FedEx, Lululemon Athletica, and Nike reported earnings. The stock market rally achieved record highs but pared gains. Micron Technology and Broadcom led AI chip names higher, while Microsoft hit a record high. Apple fell after a Justice Department antitrust suit. CyberArk Software flashed a buy signal, while several non-tech names broke out. Neurocrine Biosciences and On Holding emerged as standout performers. Goldman Sachs decisively broke out, along with various finance and investment management stocks. Additionally, various tech and growth stocks made bullish moves, with eleven stocks now in buy areas. Blue Owl was highlighted as the IBD Stock of the Day. Current Dow Jones futures advanced 0.1% while S&P 500 futures climbed 0.15% and Nasdaq 100 futures rose 0.2%, reflecting a positive outlook.

In the latest news on earnings, FedEx earnings outperformed with strong guidance, while Lululemon topped views but guided lower, and Nike had an easy beat but turned lower after an analyst call. The stock market rally saw record highs across major indexes, though Apple stock struggled after facing an antitrust suit. Growth stocks maintained gains, while the market rally displayed breadth and strong leadership. Notable ETF performances included the iShares Expanded Tech-Software Sector ETF, the VanEck Vectors Semiconductor ETF, and the SPDR S&P Homebuilders ETF, all of which reached record highs. Various stocks, including CyberArk, Neurocrine Biosciences, and Microsoft, displayed notable movements, with Microsoft holding an AI-themed event and reaching fresh highs.

CyberArk stock emerged as a buy signal, Goldman Sachs leapt nearing all-time highs, and Blue Owl, Ares, and Blackstone all showed strong gains, breaking buy points with notable performances. BlackRock climbed back above a key buy point with a rebound from the all-important 50-day line, while Apollo Global and KKR hit all-time highs. Microsoft showcased new AI tools and features at its latest event, continuing to rise above buy points and the 50-day line. The stock market rally remains positive following recent market events and continues to show broad-based leadership despite potential future pullbacks.



Read more at Investor’s Business Daily: Dow Jones Futures: Market Fades On Sour Apple, 11 Stocks Flash Buy Signals; FedEx Jumps Late