Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally started off strong last week, but pared gains considerably amid big earnings moves and soaring Treasury yields.
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Investors need patience and discipline right now, keeping exposure light while waiting to see if the confirmed market rally powers higher or breaks down.
Apple (AAPL), Google parent Alphabet (GOOGL), Qualcomm (QCOM) and Microsoft (MSFT) are tech giants that are holding up well, setting up potential entries. All of these stocks have already reported strong quarterly results, and have relatively modest price-earnings ratios.
Meanwhile, Tesla stock has more work to do to get into position, but is holding up better than most highly valued growth plays. Tesla (TSLA) also has already reported earnings.
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Late Friday,
