From Investor’s Business Daily: 2024-12-21 12:20:26

The Senate approved a funding bill, averting a government shutdown. Stock market suffered losses but recovered on Friday. Palantir, AppLovin, Astera Labs were winners. Nvidia finished higher, while Tesla pulled back. Market remains cautious. Dow Jones futures open tonight. ETFs rose after the funding bill passed.

Government shutdown crisis resolved as Senate follows House in approving funding bill. Two prior measures failed earlier in the week due to interventions. Dow Jones futures opening Sunday along with S&P 500 and Nasdaq futures. ETFs rose after bill passage. Market rebounded Friday but still under pressure.

Stock market rally ended bearish week on high note. Indexes sold off but rebounded Friday. Nasdaq back above 21-day line, S&P 500 regained 50-day. Dow Jones, Russell 2000 below 50-day. Leading stocks suffered but showed strength Friday. Treasury yield up, oil futures down.

ETFs faced losses last week. Growth ETFs fell, with Palantir, AppLovin key members. ARK ETFs lost ground. Sector ETFs slumped. Friday’s rebound encouraging but caution advised. Market still damaged. Keep watchlists updated. Holiday weeks ahead with tax-related selling possible.

Friday’s rebound was encouraging but market remains damaged. Leading stocks still strong. Incremental buys possible but caution advised. Watch for market signals like S&P 500 regaining 21-day. Stay updated with The Big Picture. Follow Ed Carson for market updates. Check out IBD tools.

Read more: Dow Jones Futures: Bulls Fight Back After Sell-Off, Palantir Leads; Government Shutdown Averted