Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures, with Microsoft (MSFT), Google parent Alphabet (GOOGL) and Meta Platforms (META) headlining a huge earnings week, with the Federal Reserve set to raise rates again.
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The stock market rally saw big weekly gains for the Dow Jones, which is on its longest win streak in nearly six year. The S&P 500 also had a solid advance. But the Nasdaq reversed lower after a big sell-off Thursday led by Tesla (TSLA). Growth stocks suffered losses, often hefty, but generally still look healthy.
Bank stocks, meanwhile, are roaring back. Industrials, travel and some drug stocks showed strong or resilient action.
The market could use a breather and there aren’t a lot of setups at the moment. So it’s not a great time to be adding exposure.
Microsoft, Google and Meta earnings loom large over the market rally….
