Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally revived last week, with the S&P 500 nearly at a new high while a diverse list of leaders flashed buy signals, including AMD stock and Google parent Alphabet (GOOGL).
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While it might not be everything investors wanted from Santa heading into Christmas holiday, it’s a lot better than the lump of coal they were expecting after Monday, Dec. 19.
Tesla (TSLA) was a big winner last week, rebounding powerfully from the top of a prior base to clear its 50-day line. But Tesla stock isn’t in buy range yet. Meanwhile Tradeweb Markets (TW), ArcBest (ARCB), Advanced Micro Devices (AMD), West Pharmaceutical Services (WST) and Google stock all are actionable now.
Tesla, Google, AMD and TW stock are on IBD Leaderboard. Google stock is on SwingTrader. Google and WST stock are on IBD Long-Term Leaders. Google, West Pharma, Tradeweb and AMD stock are on the IBD 50. Tradeweb also is IBD Stock Of The Day.
The video embedded in this article covers the market rebound and analyzed Tradeweb, AMD and ARCB stock.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.
U.S. stock markets and many exchanges around the world are closed on Christmas Eve.
Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live
Coronavirus News
Coronavirus cases worldwide reached 279.14 million. Covid-19 deaths topped 5.4 million.
Coronavirus cases in the U.S. have hit 52.86 million, with deaths above 835,000.
New Covid cases hit a record high worldwide on Dec. 23, and an 11-month high in the U.S., as the super-infectious omicron variant turbocharges an already-rising case count in much of the world. However, omicron cases appear to be much milder on average than with prior Covid variants. Deaths are not picking up yet.
Stock Market Rally
The stock market rally started off the past week poorly but then came on strong, with three solid gains and closing near session highs. Technically, it’s a little early for a Santa Claus rally, but investors didn’t mind opening up gifts a bit early.
The Dow Jones Industrial Average rose 1.65% in last week’s stock market trading. The S&P 500 index climbed 2.3%. The Nasdaq composite and small-cap Russell 2000, which looked the worst on Monday, both rallied for 3.2% weekly gains.
The 10-year Treasury yield jumped 9 basis points last week to 1.49%. Crude oil prices popped 4% to $73.79 a barrel.
Among the best ETFs, the Innovator IBD 50 ETF (FFTY) rebounded 4.75% last week. The Innovator IBD Breakout Opportunities ETF (BOUT) climbed 3.5%, nearly at a record high. The iShares Expanded Tech-Software…
Read More: Dow Jones Futures: Santa Claus Rally Comes Early As Tesla Surges, These 5