Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla earnings headline the week ahead.
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The stock market rally had a powerful week, with the S&P 500 and Nasdaq composite running to fresh 52-week highs. A lot of stocks offered buying opportunities.
But investors may want to exercise caution in the very near term. The Nasdaq is somewhat extended, raising the risks of a pullback. Many stocks that flashed buy signals late in the week fell back Friday with the Nasdaq reversing slightly lower Meanwhile, many other leading stocks are extended as well.
Finally, earnings season is a wild card for individual stocks and the broader market.
Nasdaq 100 Rebalance
The Nasdaq is expected to spell out how a Nasdaq 100 special rebalance will adjust weights of its 100 components. The details were expected Friday night but have not arrived yet.
The…
