Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures.
The stock market rally had a strong week to start President Donald Trump's return to the White House, though Friday saw tech-led losses over China's AI progress. Many leading stocks flashed buy signals or extended runs.
Magnificent Seven stocks Tesla, Meta Platforms, Microsoft and Apple report earnings this coming week, along with ServiceNow and many other big and leading stocks. The Federal Reserve meeting also is on tap.
Meta stock is near a buy point, with Tesla, Microsoft and ServiceNow near entries. All of these giants, including Apple stock, will have a huge impact on the broader market, including Nvidia, Broadcom, Google-parent Alphabet, Amazon.com, Salesforce.com and Arista Networks.
Meanwhile, dozens of other important companies are on tap.
Investors can continue to look for buying opportunities, but keep earnings season in mind.
Nvidia stock, ServiceNow and Meta are on IBD Leaderboard, with Tesla stock on the Leaderboard watchlist. Amazon stock is on SwingTrader. Microsoft stock is on IBD Long-Term Leaders, with ServiceNow on the LTL watchlist. Nvidia, ServiceNow and Arista stock are on the IBD 50. ServiceNow, Nvidia, Arista Networks and Broadcom stock are on the IBD Big Cap 20. Nvidia and ServiceNow stock are on IBD Sector Leaders.
Dow Jones Futures Today
Dow Jones futures open at 6 p.m. ET on Sunday, along with S&P 500 futures and Nasdaq 100 futures.
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 leading stocks and the market on IBD Live
Stock Market Rally
The stock market rally saw broad-based weekly gains despite Friday's modest losses. The Dow Jones led, the S&P 500 hit record highs and many tech growth leaders among the winners.
The Dow Jones Industrial Average popped 2.15% in last week's stock market trading. The S&P 500 index gained 1.7%. The Nasdaq composite climbed 1.65%, but hit resistance Friday just below all-time highs, closing below 20,000.
The small-cap Russell 2000 advanced 1.4%, but hit resistance right at the 50-day line on Friday.
A large number of stocks from the tech, financial, industrial and energy fields made big moves in the past several days, along with various names from other groups.
AI Stocks Rise, But Pare Gains
AI infrastructure stocks got a boost last week from the big Stargate project announced by President Trump. But, despite Meta's big capital spending plans, many AI hardware stocks fell Friday, including Nvidia. Why? Chinese AI lab Deepseek released a powerful AI model that it claims cost just $6 million to build, using less-powerful chips. If true — or partially true — that could undermine demand for super-pricey AI chips and other gear.
Treasury Yields, Oil Prices
The 10-year Treasury yield rose one basis point to 4.62%, stopping a slide after hitting 4.55% intraday Tuesday. The coming Fed meeting may be relatively low key. Policymakers are a lock to stand pat on Wednesday and may continue to do so until May, June or beyond.
U.S. crude oil futures sank 3.5% to $74.66 a barrel last week.
ETFs
Among growth ETFs, the Innovator IBD 50 ETF popped 3.7% last week. The iShares Expanded Tech-Software Sector ETF rallied 3.5%, with Microsoft and ServiceNow stock major members. The VanEck Vectors Semiconductor ETF rose 1.3% after Friday's 2% slide. Nvidia and Broadcom stock are big SMH holdings.
ARK Innovation ETF leaped 4.6% last week and ARK Genomics ETF spiked 12.3%. Tesla stock is the No. 1 holding across Ark Invest's ETFs.
SPDR S&P Metals & Mining ETF edged up 0.6% last week. The Energy Select SPDR ETF sank 2.8% and the Health Care Select Sector SPDR Fund gained 3%. The Industrial Select Sector SPDR Fund advanced 2.4%. The Financial Select SPDR ETF rose 1.2%.
Time The Market With IBD's ETF Market Strategy
Big-Cap Earnings, Stocks
What Microsoft, Meta, ServiceNow and Apple have to say about AI monetization and capital spending will be key. Meta already preannounced strong 2025 capex plans on Friday. That's key for Arista Networks, which counts Meta and Microsoft as huge customers.
Meta stock broke out Friday. ServiceNow stock is near a buy point. So is Microsoft stock. Apple stock is in a downtrend, near the 200-day line.
As for related stocks, Amazon stock is in a buy zone while Google arguably is. Nvidia, Broadcom and Salesforce stock are all close to buy points, while Arista is extended.
Tesla stock has a new base and is close to an early entry despite sliding 4.7% for the week. The EV giant just launched the refreshed Model Y in the U.S. and Europe late Thursday, but the focus may be on progress for self-driving, robotics and more that have fueled TSLA stock.
Tesla, Meta, Microsoft and ServiceNow all report Wednesday night, hours after latest Fed meeting ends. Apple stock is due late Thursday.
Why This IBD Tool Simplifies The Search For Top Stocks
What To Do Now
The stock market rally has shown real strength, with the indexes clearing key levels and a large number of leaders breaking out or flashing buy signals. Yes, the Nasdaq is hitting resistance at record highs and the Russell 2000 still faces the 50-day, but the action is normal after recent gains.
Some new buying opportunities are still coming up, but many stocks are now extended.
Investors should have added exposure over the past several sessions. If you're fully invested or nearly so, you might want to cut some laggards to make room for any new buys. Largely standing pat in the short run makes a lot of sense.
The next two weeks will be the peak of earnings season. Throw in the Fed meeting, key economic data and President Trump touting Feb. 1 as a possible day for big tariff hikes, and there's a lot of uncertainty in the near future.
So stay engaged and have your game plan ready.
Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.
Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.
