Stock market futures experienced slight declines on Monday morning, with the Dow Jones, S&P 500, and Nasdaq all affected.
The Nasdaq composite reached a record high, along with the S&P 500. Stocks like Taiwan Semiconductor Manufacturing (TSM), Monolithic Power Systems (MPWR), Microsoft, Palantir Technologies, Deckers Brands, Eli Lilly, Coherent, and Uber Technologies are all worth keeping an eye on as they have been consolidating for a few weeks, presenting new buying opportunities.
Several of these stocks are involved in AI, such as Nvidia and Taiwan Semiconductor. While the market leaders are set to join the S&P 500, Apple faced a setback due to a significant fine imposed by the European Union. Despite these developments, investors may want to exercise caution due to these stocks being slightly extended.
Overall, the stock market rally continued to move higher, with tech and small-cap stocks leading the way. The Dow Jones Industrial Average, S&P 500, and Nasdaq all experienced gains, with the Nasdaq reaching a record high. However, with the market being slightly extended, investors should remain cautious and prepared to act quickly when opportunities arise.
