Dow Jones futures will open on Sunday afternoon, along with S & amp; P 500 futures and Nasdaq futures. The stock market rally has so far shown solid gains in major indexes, driven by strong gains by the $ 5 trillion technology giants: Apple, Microsoft, Amazon.com, Facebook and Google-parent Alphabet.

Apple, Google, Microsoft and Nvidia remain strong

WM Tech-IPO-IPOApple broke beyond a buy point late last week. Google stock rose higher in its buy zone, while Amazon showed at least an early entry. Microsoft stock has left its buy zone, while Facebook stock continues to look attractive.

The Megacap technology shares drove together with big-cap chip winners such as Nvidia and AMD the S & amp; P 500 and the Nasdaq composite at record highs. But many Growth stocks experienced nasty sell-offs. On the plus side, some growth stocks took softer breaks and forged new buy points. However, while the stock market rally is in a confirmed uptrend, investors should definitely follow their buying and selling rules.

Dow Jones Futures

Dow Jones StockU.S. exchanges will be closed on Monday, July 5, due to the July 4 holiday. But Dow Jones futures are trading normally on Monday, along with stock markets around the world.

OPEC + will continue talks on Monday after failing to reach an agreement from Thursday to Friday. Most oil ministers support a plan that Gradually increase funding from Augustbut the United Arab Emirates has some objections. The moderate increase in output would likely only partially offset rising demand as the global economy picks up.

Last week’s Stock Market Rally

Bain Invests $ 15 Million in Institutional Crypto Exchanges Seed CX-CoinciergeThe stock market had a solid weekthat was topped on Friday by a jobs report that showed that strong new hires also no inflation worries trigger.

The Dow Jones Industrial Average rose 1% in stock market trading last week. The S & amp; P 500 index rose 1.7% and the Nasdaq composite rose 1.9 %. The small-cap Russell 2000 lost 1.35% due to some sharp declines in growth stocks.

Apple and Microsoft, the only two members of the $ 2 trillion club, are represented in the alliance of Dow Jones, S&P 500 and Nasdaq. The continued FANG shares Facebook, Google and Amazon are all in the S & amp; P and Nasdaq. The yield on 10-year government bonds fell 11 basis points to 1.43 %, the lowest level since March. Crude oil futures reached new three-year highs.

Growth stocks generally rose despite some big individual losers.

Among the best ETFs, the innovator IBD 50 ETF (FFTY) fell 2.1% last week, with some high-profile growth stocks such as Digital Turbine selling off sharply. The innovator IBD Breakout Opportunities ETF gained 0.7%. The iShares Expanded Tech-Software Sector ETF (IGV) climbed 1.7 %. Microsoft stock is an important IGV component. The VanEck Vectors Semiconductor ETF (SMH) rose by 2.6 %.

SPDR S & P Metals & amp; Mining ETF (XME) was up 0.9% and Global X U.S. Infrastructure Development ETF (PAVE) was up 0.15% after both posted strong recoveries in the previous week. The US Global Jets ETF (JETS) slumped 2.2% as delta coronavirus fears nullified many travel plans. SPDR S & amp; P Homebuilders ETF (XHB) gained 2.4% and continued to recover after several weeks of weakness. The Energy Select SPDR ETF (XLE) fell by 1.2% due to profit taking, and the Financial Select SPDR ETF (XLF) barely reached breakeven.

The ARK Innovation ETF (ARKK) rose 2.1% and the ARK Genomics ETF (ARKG) 2.2 %, reflecting more speculative stocks, but both closed in the lower third of their weekly range.

Last updated on July 3, 2021

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