Get ready for the stock market next week as Dow Jones, S&P 500, and Nasdaq futures are set to open Sunday evening. Several major events are set to take place, including Apple’s AI push, Tesla’s shareholder meeting, and the Federal Reserve’s rate outlook.
Eli Lilly will face an FDA panel review while earnings reports from Oracle, Adobe, and Broadcom are expected. Last week, the stock market rally saw the Nasdaq and S&P 500 reaching record highs, although there was some retracement in the Russell 2000. Despite weak breadth, there were various buy signals from individual stocks.
Nvidia surged to a record high last week, surpassing Apple in valuation. A stock split for Nvidia is set to take place after Friday’s close. CrowdStrike, KKR, and GoDaddy are joining the S&P 500 index, replacing some existing companies.
As Dow Jones futures open on Sunday evening, it is essential to note that overnight actions in futures do not always reflect actual market trading. The stock market rally saw positive movements last week, with the Dow Jones Industrial Average, S&P 500, and Nasdaq composite all hitting all-time highs.
Key events to watch include Apple’s Worldwide Developers Conference, Tesla’s shareholder meeting, and Eli Lilly’s FDA panel review. The Federal Reserve’s meeting and inflation reports will also play a significant role in shaping market sentiment. Earnings reports from big tech companies like Oracle, Broadcom, and Adobe will be closely monitored for insights into the overall market trends.
As you navigate the stock market, it’s important to review your portfolio, identify strong stocks, and stay informed about market trends. Keeping a close eye on leading stocks, sectors, and market direction will help you make informed investment decisions. By staying updated and remaining vigilant, you can position yourself for success in the ever-evolving market environment.
