Stock market rally led to record highs, positive performance from Tesla, Nvidia, Meta, Palantir, ASML.

From Investor’s Business Daily: 2024-07-05 16:51:29

Dow Jones futures, S&P 500 futures, and Nasdaq futures will open Sunday evening. JPMorgan Chase and other banks will kick off earnings season this week. Last week, the stock market rally led to record highs for the S&P 500 and Nasdaq, while small caps retreated. Buy signals appeared for Meta Platforms, Palantir Technologies, and ASML. President Biden’s interview with ABC News could impact his reelection effort. JPMorgan Chase, Wells Fargo, and Citigroup will report earnings this week. Inflation data is also expected. The stock market rally last week saw positive action on major indexes, though some sectors experienced weakness due to extended levels. Tesla, Nvidia, Meta Platforms, Palantir, and ASML stocks are performing well.
Tesla stock surged last week, exceeding the 200-day line and rising significantly. Nvidia stock bounced off the 21-day line and saw modest gains. Meta stock jumped above buy points. Palantir stock cleared a handle buy point and is above the 50-day line. ASML stock rebounded and moved above a buy point. While the Nasdaq is extended, leading stocks are showing strength. Investors should pay attention to earnings season and monitor stock market updates. Stay informed with market direction and leading sectors.



Read more at Investor’s Business Daily: Dow Jones Futures: Stock Market Risks Rise As Tesla Soars, Palantir Breaks Out; Biden’s Must-Win